Powers of investment-trust laws and accounts, Financial Accounting

POWERS OF INVESTMENT

The trustees have a duty to obtain control of trust assets and to invest trust funds in authorised securities.
 
The trustees may invest in such securities as are authorised in the trust instrument or by the Trustee Act.  In any case, they must have regard to:
 
1. The need for appropriate diversification; and
2. The suitability of the proposed investments to the trust

Posted Date: 12/13/2012 6:27:03 AM | Location : United States







Related Discussions:- Powers of investment-trust laws and accounts, Assignment Help, Ask Question on Powers of investment-trust laws and accounts, Get Answer, Expert's Help, Powers of investment-trust laws and accounts Discussions

Write discussion on Powers of investment-trust laws and accounts
Your posts are moderated
Related Questions
Define reasons that influence a firm's degree of transaction exposure? What reasons influence a firm's degree of ‘transaction exposure' in a certain currency? For each reason d

Q. Corporate Enterprise group? In order to have better and systematic participation of labour in management for improvement in working of Railway system and appropriate changes


How much must you save annually in order to accumulate Rs. 20, 00,000 by the ending of 10 years, whether the saving earns an interest of 12%?             Solution : A = [k/(

Question: Andrew Hegel manufactures garments in his Malagasy Factory. In an effort to remain competitive he continually switches between suppliers.. This has resulted in extra

Are revenue and expense accounts permanent accounts and should not be closed at the end of the accounting period?

The dictionary explains the word 'inventory' as stock of goods. Although, inventory implies that such type of assets that will be disposed of in future in the common course of busi

Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: 1. Sold e

How do I figure fair value of assets..2 year estimated useful life and indefinite life recognized by purchased company

Review - Accounting service which provides some assurance as to reliability of financial information. In a review, a CERTIFIED PUBLIC ACCOUNTANT (CPA) doesn't conduct an examinatio