In force · As amended up to 2026-08
1[ 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.]
Source: India Code