Approved Securities - Definition - Law Dictionary Home Dictionary Definition approved-securities

Definition :

Approved securities, means-(i) securities in which a trustee may invest money under clause (a), clause (b), clause (bb), clause (c) or clause (d) of s. 20 of the Indian Trusts Act, 1882; (ii) such of the securities authorised by the Central Government under clause (f) of s. 20 of the Indian Trusts Act, 1882, as may be prescribed. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (a)]