Common use of AUTHORISED INVESTMENTS Clause in Contracts

AUTHORISED INVESTMENTS. Any monies which are under the trust or powers herein contained ought to be invested by the Trustee may be invested in the name of the Trustee in any of the investments by law authorised for investment of Trust monies for the time being in force in India (“Authorised Investments”) with power to vary and transpose such investments and in so far as the same shall not be invested shall be placed on deposit in the name of the Trustee in scheduled bank or banks.

Appears in 4 contracts

Samples: www.bseindia.com, www.bseindia.com, www.bseindia.com

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AUTHORISED INVESTMENTS. Any monies which are under the trust or powers herein contained ought to be invested by the Trustee Trustees may be invested in the name of the Trustee Trustees or under the legal control of the Trustees in any of the investments by law authorised for investment of Trust monies for the time being in force in India (“Authorised Investments”) with power to vary and transpose such investments and in so far as the same shall not be invested shall be placed on deposit in the name of the Trustee Trustees in scheduled bank Scheduled Bank or banksBanks.

Appears in 3 contracts

Samples: www.bseindia.com, www.bseindia.com, www.bseindia.com

AUTHORISED INVESTMENTS. Any monies which are under the trust or powers herein contained ought to be invested Invested by the Trustee may be invested in the name of the Trustee in any of the investments Investments by law authorised for investment of Investment or Trust monies for the time being in force in India (“Authorised Investments”) with power to vary and transpose such investments Investments and in so far as the same shall not be invested shall be placed on deposit in the name of the Trustee in scheduled bank or banks.

Appears in 1 contract

Samples: Vedanta LTD

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AUTHORISED INVESTMENTS. Any monies which are under the trust or powers herein contained ought to be invested by the Trustee may be invested in the name of the Trustee in any of the investments by law authorised for investment of Trust monies for the time being in force in India (“Authorised Investmentsinvestments”) with power to vary and transpose such investments and in so far as the same shall not be invested shall be placed on deposit in the name of the Trustee in scheduled bank or banks.

Appears in 1 contract

Samples: www.bseindia.com

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