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TMI BlogINCOME-TAX (FIFTH AMENDMENT) RULES, 2009 - AMENDMENT IN RULE 67X X X X Extracts X X X X X X X X Extracts X X X X ..... wing shall be substituted, namely:- "(2) The manner of investment referred to in sub-rule (1) shall be in accordance with the following Table, namely:- TABLE INVESTMENT PATTERN SI. No. Investment Maximum percentage amount to be invested in items referred to in column (2) (1) (2) (3) (i) (a) in Government securities; ( b) Other securities, as defined in section 2(h) of the Securities Contract (Regulation) Act, 1956, the principal whereof and interest whereon is fully and unconditionally guaranteed by the Central Government, or any State Government, except those covered under clause (ii)(a) below: and/or (c) units of mutual funds set up as dedicated funds ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2009, reduced by obligatory outgoings, shall be invested in accordance with the manner of investment specified in this sub-rule: Provided further that the investment pattern specified in this sub-rule may be achieved by the end of the previous year; so however that at no time during the year investment in any category should exceed by more than ten per cent of the limit prescribed: Provided also that, irrespective of the proportion of investments stated in clauses (i) of the said Table, exposure of a trust to any individual mutual fund, under sub-clause (c) of the said clause, which has been set up as a dedicated fund for investment in Government securities, shall not exceed five per cent of its total portfolio at any point of time: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s" shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956); (iii) the expression "public sector company" shall have the meaning assigned to it in clause (36A) of section 2 of the Income-tax Act; (iv) the expression "public sector bank" shall have the meaning assigned to it in clause (23D) of section 10 of the Income-tax Act; and (v) the expression "securities" shall have the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956.". [Notification No. 24. F. No. 142/13/2008-TPL] Note : The principle rules were published vide Notification No. S.O. 969 dated the 26 th March, 1962 which has been amended from time to time, the last amendment bein ..... X X X X Extracts X X X X X X X X Extracts X X X X
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