Producer company investments of general reserves are limited to specified securities, co operative banks, scheduled banks and public financial institutions. Rule 5 requires a Producer Company to invest its general reserves only in specified categories: approved securities, fixed deposits, units and bonds issued by Central or State Governments or co-operative societies or scheduled banks; deposits in co-operative banks including State, Central and land development co-operative banks; deposits with any other scheduled bank; securities specified under the Indian Trusts Act, 1882; shares or securities of other inter State or local co operative societies; and shares, securities or assets of specified public financial institutions.
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.
Producer company investments of general reserves are limited to specified securities, co operative banks, scheduled banks and public financial institutions.
Rule 5 requires a Producer Company to invest its general reserves only in specified categories: approved securities, fixed deposits, units and bonds issued by Central or State Governments or co-operative societies or scheduled banks; deposits in co-operative banks including State, Central and land development co-operative banks; deposits with any other scheduled bank; securities specified under the Indian Trusts Act, 1882; shares or securities of other inter State or local co operative societies; and shares, securities or assets of specified public financial institutions.
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