Which mortgage investment is expressly preserved by the wording of section 21 of the Indian Trusts Act,…
Section 21 expressly preserves investment on a mortgage of property pledged under the Land Improvement Act 1871 and its stated Government Savings Bank deposit route. That…
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Which mortgage investment is expressly preserved by the wording of section 21 of the Indian Trusts Act, 1882, notwithstanding section 20?
Answer and explanation
Correct answer B
Section 21 expressly preserves investment on a mortgage of property pledged under the Land Improvement Act 1871 and its stated Government Savings Bank deposit route. That retained historical reference should not be confused with the former section 20(e) investment clause, which was displaced when section 20 was substituted. Current general investment authorisation follows amended section 20.