The Trade Unions Act empowers a trade union to create a General Fund for its administration and maintenance. A trade union purchased shares in the Unit Trust of India to enhance its General Fund Account. Which of the following is not correct as per law?
A. The trade union can raise its fund by such type of investments.
B. The trade union can raise its funds by such investments with the permission of appropriate government.
C. The trade union can raise its fund by such investments with the consent of its general body.
D. The trade union cannot do so as it is an attempt towards profit making.
Answer:D
The Trade Unions Act empowers a trade union to create a General Fund for its administration and maintenance. A trade union purchased shares in the Unit Trust of India to enhance its General Fund Account. Which of the following is not correct as per law?
A. The trade union can raise its fund by such type of investments. B. The trade union can raise its funds by such investments with the permission of appropriate government. C. The trade union can raise its fund by such investments with the consent of its general body. D. The trade union cannot do so as it is an attempt towards profit making.