Section 21 of The Inland Waterways Authority of India Act, 1985 in hindi
The Authority may invest its funds (including any reserve fund) in the
securities of the Central Government or in such other manner as may be prescribed.
Summary
- The Inland Waterways Authority of India has the power to invest its funds, which includes any reserve fund.
- The investment can be made in the securities of the Central Government.
- Alternatively, the funds can be invested in any other manner that is prescribed by rules.
- Under the Act, the word prescribed refers to rules made by the Central Government.
Practical examples
FAQ
1. In what specific instruments can the Authority invest its funds?
The Authority can invest in the securities of the Central Government or in such other manner as may be prescribed by rules.
2. Who decides the other manners of investment that are not Central Government securities?
The other manners of investment must be prescribed, which means they are determined by rules made by the Central Government under the Act.
Test yourself
Q1.Under Section 21 of The Inland Waterways Authority of India Act, 1985, which of the following is explicitly listed as a valid option for the Authority to invest its funds without needing additional rules to be prescribed?
Q2.Under Section 21 of The Inland Waterways Authority of India Act, 1985, if the Authority wants to invest its surplus funds in high yield corporate bonds, what legal prerequisite must be met first?
Q3.Under Section 21 of The Inland Waterways Authority of India Act, 1985, which specific funds of the Authority are explicitly mentioned as being eligible for investment?
Q4.Under Section 21 and Section 34 of The Inland Waterways Authority of India Act, 1985, who has the power to make the rules that prescribe the other manners in which the Authority may invest its funds?