Investment of funds

Chapter XIII-B - Co-operative Housing Societies

OFFICIAL TEXTExtracted from the selected official source; wording is not an AI answer.

VERIFIED REFERENCE

following :— (a) in a District Central Co-operative Bank, the State Co-operative Bank, having awarded at least “A” Audit Class in last three consecutive years, if no such Central Co-operative Bank is available in district, then any Nationalised Bank ; (b) in any of the securities specified in section 20 of the Indian Trusts Act, 1882 (2 of 1882); (c) in the shares, or security bonds, or debentures, issued by any other society with limited liability ; (d) in any other mode permitted by the rules, or by general or special order issued in that behalf by the State Government.

PLAIN-LANGUAGE GUIDEFOR INFORMATION ONLY · NOT PART OF THE ACT

Regulates permitted investment of housing-society funds.

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Investment of funds

Check the wider legal context.