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Union of India - Section

Section 131 in The Finance Act, 2017

131. Amendment of section 20 of Act 2 of 1882.

- In section 20 of the Indian Trusts Act,1882 [as substituted by section 2 of the Indian Trusts (Amendment) Act, 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.