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DL—(N)04/0007/2003—16
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EXTRAORDINARY
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PART II — Section 1
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PUBLISHED BY AUTHORITY
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No. 41] NEW DELHI, WEDNESDAY, JULY 27, 2016/SHRAVANA 5, 1938 (SAKA)
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Separate paging is given to this Part in order that it may be filed as a separate compilation.
‘20. Where the trust-property consists of money and cannot be applied Investment
immediately or at an early date to the purposes of the trust, the trustee shall, subject to of trust-
money.
any direction contained in the instrument of trust, invest the money in any of the
securities or class of securities expressly authorised by the instrument of trust or as
specified by the Central Government, by notification in the Official Gazette:
Provided that where there is a person competent to contract and entitled in
possession to receive the income of the trust-property for his life, or for any greater
2 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. I]
Amendment 3. In section 20A of the principal Act, in sub-section (1), the proviso shall be omitted.
of section
20A.
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CORRIGENDA
In the FINANCE ACT, 2016 (28 of 2016) as published in the Gazette of India,
Extraordinary, Part II, Section I, Issue No. 32, dated the 14th May, 2016,—
Digitally signed
MANOJ byKUMAR
MANOJ
PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI
AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI—2016.
GMGIPMRND—1909GI(S3)—27.07.2016.