Investment of public trust money

Q: When was Section 35 of the Maharashtra Public Trusts Act enacted?

Section 35 of the Maharashtra Public Trusts Act, cited as Maharashtra Public Trusts Act 35, was enacted on 14 Aug 1950 as Act 29 of 1950. It is in force as at the date shown on this page.

In force Act 29 of 1950 As on 15 Oct 2026

Act 29 of 1950 Ministry Govt of Maharashtra Enacted 14 Aug 1950 Cited by 1 provision

Section 35 of Maharashtra Public Trusts Act deals with investment of public trust money. [CHAPTER V-A POWERS AND DUTIES OF, AND RESTRICTION ON, TRUSTEES] 2(1) Where the trust property consists of money and cannot be applied immediately or at any early date to the purposes of the public trust the trustee shall be bound [notwithstanding any direction contained in the instrument of the tru The Act was enacted on 14 Aug 1950.

¹[CHAPTER V-A
POWERS AND DUTIES OF, AND RESTRICTION ON, TRUSTEES]
²(1) Where the trust property consists of money and cannot be applied immediately or at any early date to the purposes of the public trust the trustee shall be bound ³[notwithstanding any direction contained in the instrument of the trust to deposit the money in any Scheduled Bank as defined in the Reserve Bank of India Act, 1934 (II of 1934), in the Postal Savings Bank or in a Co-operative Bank approved by the State Government for the purpose or to invest it in public securities] :
Provided that such money may be invested in the first mortgage of immovable property situate in ⁴[any part of India] if the property is not leasehold for a term of years and the value of the property exceeds by one-half the mortgage money :
Provided further that the Charity Commissioner may by general or special order permit the trustee of any public trust or classes of such trusts to invest the money in any other manner :
⁵[provided also that, if any public trust has made the application to the Charity commissioner for seeking the order granting the permission for investing the money in any other manner under the second proviso, the Charity Commissioner shall decide such application within three months from the date of receipt of such application and where it is not practicable so to do, the Charity Commissioner shall record the reasons for the same.].
⁶[(2) Nothing in sub-section (2) shall affect any investment or deposit already made before the coming into force of the Bombay Public Trusts (Amendment) Act, 1954 (Bom. LIX of 1954), in accordance with a direction contained in the instrument of the trust :
Provided that any interest or dividend received or accruing from such investment or deposit on or after the coming into force of the said Act or any sum ⁷[so invested or deposited] on the maturity of the said investment or deposit shall be applied or invested in the manner prescribed in sub-section (1)].
Section 35, Maharashtra Public Trusts Act (Act 29 of 1950).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

s. 69 Duties, functions and powers of Charity Commissioner

Questions about Section 35

What does Section 35 of the Maharashtra Public Trusts Act deal with?

Section 35 of the Maharashtra Public Trusts Act is headed "Investment of public trust money". [CHAPTER V-A POWERS AND DUTIES OF, AND RESTRICTION ON, TRUSTEES] 2(1) Where the trust property consists of money and cannot be applied immediately or at any early date to the purposes of the public trust the trustee shall be bound [notwithstanding any direction contained in the instrument of the tru

How do I find court cases under Section 35 of the Maharashtra Public Trusts Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Maharashtra Public Trusts Act 35, section 35 Maharashtra Public Trusts Act, section 35 of the Maharashtra Public Trusts Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 35 of the Maharashtra Public Trusts Act, and has it changed?

1 other provision in this corpus refers back to it.

When was Section 35 of the Maharashtra Public Trusts Act enacted?

Section 35 of the Maharashtra Public Trusts Act, cited as Maharashtra Public Trusts Act 35, was enacted on 14 Aug 1950 as Act 29 of 1950. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.