Trust funds to be deposited in bank

The Sikh Gurdwaras Act, 1925

General1925170 of 183 sections available

Statutory text

Trust funds to be deposited in bank.—All trust funds of a notified Sikh Gurdwara in the hands of a Committee shall be deposited in a scheduled bank or in a post office savings bank or in such other manner as may be prescribed: Provided that such funds may be invested in any securities in which trust funds may be invested by a trustee under the law for the time being in force.

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