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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?

Correct Answer: the trade union cannot do so as it is an attempt towards profit making.

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Labour Law MCQ: 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? | Extra Education