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Section 20A: Power to purchase redeemable stock at a premium.

The Indian Trusts Act, 1882Central Act · Act 2 of 1882

[20A. Power to purchase redeemable stock at a premium.--(1) A trustee may invest in any of the securities mentioned or referred to in section 20, notwithstanding that the same may be redeemable and that the price exceeds the redemption value:

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(2) A trustee may retain until redemption any redeemable stock, fund or security which may have been purchased in accordance with this section.]

Where this provision sits

ActThe Indian Trusts Act, 1882
Section20A
Marginal notePower to purchase redeemable stock at a premium.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 1 of 1916. . Ins. by Act 1 of 1916, s. 3.
  • omitted, Act 34 of 2016. . The proviso omitted by Act 34 of 2016, s. 3 (w.e.f. 17-4-2017).

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