Investment of funds: permitted avenues include government securities, cooperative and scheduled banks, other societies, and subsidiaries. A multi State co operative society may invest or deposit funds in co operative banks and Central co operative banks; in securities issued or guaranteed by Central or State Governments and government entities; in shares or securities of other multi State or co operative societies; in shares, securities or assets of subsidiary or same line of business institutions; and with scheduled or nationalised banks. The Central Government may also determine other permissible modes, and statutory definitions clarify the terms 'bank', 'scheduled bank' and 'nationalised bank'.
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 funds: permitted avenues include government securities, cooperative and scheduled banks, other societies, and subsidiaries.
A multi State co operative society may invest or deposit funds in co operative banks and Central co operative banks; in securities issued or guaranteed by Central or State Governments and government entities; in shares or securities of other multi State or co operative societies; in shares, securities or assets of subsidiary or same line of business institutions; and with scheduled or nationalised banks. The Central Government may also determine other permissible modes, and statutory definitions clarify the terms "bank", "scheduled bank" and "nationalised bank".
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
