Union Cabinet approves Indian Trusts (Amendment) Bill, 2014
December 05, 2014
New Delhi, 5 December 2014
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the introduction of the Indian Trusts (Amendment) Bill, 2014 in the current session of Parliament to amend section 20 and 20A of the Indian Trusts Act, 1882.
The amendments are intended to provide the trustees greater autonomy and flexibility to take decisions on investment of trust money. This would enable the Central Government to notify securities or class of securities, for investment by trusts and to remove the outdated provisions occurring in section 20 of the Indian Trusts Act, 1882.
Recent Stories
- Vadodara-Mumbai Expressway: Ashoka Buildcon Emerges Lowest Bidder for ₹866 Crore Package 9
- Chhaswala, Jai Bhavani Vadapav Among 4 Units Sealed by AMC
- Surat-Based insideFPV Tests Anti-Jamming Kamikaze Drone in Ladakh, Delivers It to Army
- Free AMTS Bus Travel for Women on Bhai Bij
- AMC Hospitals, 13 CHCs to Provide 24-Hour Emergency Healthcare During Diwali
- Ranbir Kapoor-Starrer Ramayana Movie Ticket Prices Touch ₹2,600 in Ahmedabad