alleryStart learning →Accumulated money under section 11(2) must be kept in which manner?
ACash kept by a trustee
BLent to a trustee
CIn section 11(5) modes
DHeld in foreign shares
Answer & Solution
Correct answer: C. In section 11(5) modes
Section 11(2)(b) requires the accumulated money to be invested or deposited in the forms specified in sub-section (5).
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