Can clubs, trusts, societies invest in equities?

Are you part of a club where you pay membership fee? Do you pay maintenance charges of a housing society where you live? Collectively, it is a lot of money. Did you ever wonder how is this money used or managed? People managing funds for such institutions are under wrong impression that they cannot invest in anything beyond FDs. But even equities are allowed. Catch Pritika Kumar, co-founder of a Gurgaon-based legal platform, No Grey, to explain various investment options as per legal structure of a housing society, sports clubs, art & culture clubs, temple and other public trusts.