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TMI BlogPERMITTED MODES OF INVESTMENT OR DEPOSITS FORMS OR MODES OF INVESTMENT OR DEPOSITS BY A CHARITABLE OR RELIGIOUS TRUST OR INSTITUTIONX X X X Extracts X X X X X X X X Extracts X X X X ..... with the Post Office Savings Bank; (3) deposit in any account with a scheduled bank or a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank); (4) investment in units of the Unit Trust of India; (5) investment in any security for money created and issued by the Central Government or a State Government; (6) investment in debentures issued by, or on behalf of, any company or corporation both the principal whereof and the interest whereon are fully and unconditionally guaranteed by the Central Government or by a State Government; (7) investment or deposit in any public sector company subject to the condition that where an investment or dep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... investment in the units issued under any scheme of the mutual fund referred to in Schedule VII (Table: Sl. No.20) or (Table: Sl. No.21); (14) any transfer of deposits to the Public Account of India; (15) deposits made with an authority constituted in India by or under any law enacted either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both; (16) investment by way of acquiring equity shares of a depository as defined in section 2(1)(e) of the Depositories Act, 1996 (22 of 1996); (17) investment made by a recognised stock exchange referred to in section 2(f) of the Securities Contracts (Regulation) Act, 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany incorporated under section 7(2) read with section 8(1) of the Companies Act, 2013 (18 of 2013), for participating in network based open protocol models which enable digital commerce and interoperable digital payments in India; (20) investment by way of acquiring equity shares of an incubatee by an incubator; (21) investment by way of acquiring shares of National Skill Development Corporation; (22) investment in debt instruments issued by any infrastructure Finance Company registered with the Reserve Bank of India; (23) investment in "Stock Certificate" as defined in clause (c) of paragraph 2 of the Sovereign Gold Bonds Scheme, 2015, published in the Official Gazette vide notification number G.S.R. 827(E), dated the 30th October, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dition to profits and gains of business, these provisions shall not apply unless it maintains separate books of account in respect of such business; (32) voluntary contributions received and maintained in the form of jewellery, furniture or any other article as the Board may, by notification specify; (33) In this schedule,- (a) "long-term finance" means any loan or advance where the terms under which moneys are loaned or advanced provide for repayment along with interest thereof during a period of not less than five years; (b) "public company" shall have the same meaning as assigned to it in section 2(71) of the Companies Act, 2013 (18 of 2013); (c) "urban infrastructure" means a project for providing potable water supply, sanitatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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