The Bombay High Court believes that dealing in shares required skills which could not be expected of Hindu deities. In the grand scheme the ruling probably raises more questions than it answers.
It appears that in accordance with Hindu traditions it was customary for rulers to bestow property on deities. The Supreme Court has ruled that only Deities of registered trusts can hold property.
The NDSL is not clear what the approach would be in the event of alleged fraud in the DEMAT of a Deity, and declined to open the accounts.
The court, for the time being, agreed
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