trust

prithwish sengupta (Querist) 09 September 2010 This query is : Resolved
can a trust invest its fund in the shares or debentures of a public ltd company??if yes pls. provide case law, if any.
thanking you.

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Raj Kumar Makkad (Expert) 09 September 2010
The terms and conditions of the trust are relvant to be seen first for providing definite reply against your query.

s.subramanian (Expert) 09 September 2010
It is on the basis and in strict observance of its objectives the trust should act or invest.Everything depends upon the purpose for which the trust is founded. Unless the trust deed is perused,it would be difficult to answer your query.

soumitra basu (Expert) 09 September 2010
Yes, if trust deed permits

DEFENSE ADVOCATE.-firmaction@g (Expert) 16 September 2010
Not only trust deed but along with income tax act. If IT act does not permit you will be taxed at maxmimum rates with no exemption.

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