Finance Ministry

Specified securities for investment by Trust-Minimum AA rating required for few instruments

Specified securities for investment by Trust-Minimum AA rating required for listed debt securities, banks Basel III Tier-I bonds & infrastructure debt instruments

MINISTRY OF FINANCE
(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 9th July, 2018

S.O. 3364(E).—In exercise of the powers conferred by section 20 of the Indian Trusts Act, 1882 (2 of 1882), the Central Government hereby makes the following amendment in the notification of the Ministry of Finance (Department of Economic Affairs), dated the 21st April, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide S.O 1267(E) dated the 21st April, 2017, namely:—

In the said notification, in the first proviso, for the words and letter “minimum AA rating”, the words and letter “minimum A rating” shall be substituted.

[F. No. 6/5/CM/2002-Vol.V]
Dr. SHASHANK SAKSENA, Adviser (FSRL)

Share

Recent Posts

  • Government

Temporarily blocking public access to Telegram App not disproportionate – Delhi High Court

Temporarily blocking public access to Telegram App under section 69A of IT Act 2000 is not disproportionate - Delhi HC…

2 days ago
  • Income Tax

High Court explains the meaning of term ‘enterprise’ appearing in section 80IA

High Court explains the meaning of term ‘enterprise’ appearing in section 80IA to means a project or an undertaking owned…

2 days ago
  • Income Tax

Addition deleted as assessee was only a carrier of cash not owner who came up to own it

Addition deleted as assessee was only a carrier of cash and the real owner had come forward owning the cash…

4 days ago
  • RTI

Lokayukta Police not exempt from disclosure of information under RTI Act 2005 – SC

Lokayukta Police not an ‘intelligence and security’ organisation  and hence not exempt from disclosure of information under RTI Act 2005…

6 days ago
  • Income Tax

Payment of imprest whether a transfer within the meaning of section 269ST

Payment of imprest whether a transfer within the meaning of section 269ST – case remanded for determination In a recent…

1 week ago
  • ICAI

CA Misconduct – Order quashed as judgment not passed by same members who heard arguments.

CA Misconduct – Appellate order quashed as final judgment was not passed by same members who heard arguments. In a…

1 week ago