Clause 130 - Amendment of section 20 of Act 2 of 1882. - Finance Bill, 2017

Amendment of section 20 of Act 2 of 1882. 130. In section 20 of the Indian Trusts Act,1882 [as substituted by section 2 of the Indian Trusts (Amendment) Act, 2016 (34 of 2016)], (i) for the words invest the money in any of the securities or class of securities expressly authorised by the instrument of trust or , the words make investments as expressly authorised by the instrument of trust or in any of the securities or class of securities shall be substituted; (ii) in the proviso, the words in any of the securities or class of securities mentioned above shall be omitted.