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State of Punjab - Section

Section 54 in Punjab Waqf Rules, 2018

54. Limit on making investment [Section 77(3)].

- Notwithstanding anything contained in rule 53, the Board or any person, authorized by it, shall not make investment exceeding ten percent of the total portfolio of the Board in any one company or bank or any other Government organization/ undertaking. The said investment shall not be made by one mode of investment only.