Investment of general reserves: producer companies may invest only in specified government, cooperative, scheduled bank and regulated securities. Producer companies must invest amounts out of their general reserves only in the enumerated instruments and institutions: approved government, cooperative or scheduled bank securities, fixed deposits, units and bonds; deposits in cooperative banks and land development banks; placements with scheduled banks; securities specified under the Indian Trusts Act; shares or securities of other multi State or cooperative societies; and shares, securities or assets of public financial institutions under the Companies Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment of general reserves: producer companies may invest only in specified government, cooperative, scheduled bank and regulated securities.
Producer companies must invest amounts out of their general reserves only in the enumerated instruments and institutions: approved government, cooperative or scheduled bank securities, fixed deposits, units and bonds; deposits in cooperative banks and land development banks; placements with scheduled banks; securities specified under the Indian Trusts Act; shares or securities of other multi State or cooperative societies; and shares, securities or assets of public financial institutions under the Companies Act.
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