Investment powers of multi State co operative societies limited to government securities, same line institutions, and specified banks. Amendment confines permissible investments and counterparties under section 64 by authorising investment in government and government guaranteed securities, restricting dealings with 'any other institution' to those in the same line of business as the society, permitting transactions with scheduled or nationalised banks as defined in relevant banking statutes, and allowing the Central Government to determine other permissible manners of transaction.
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 powers of multi State co operative societies limited to government securities, same line institutions, and specified banks.
Amendment confines permissible investments and counterparties under section 64 by authorising investment in government and government guaranteed securities, restricting dealings with "any other institution" to those in the same line of business as the society, permitting transactions with scheduled or nationalised banks as defined in relevant banking statutes, and allowing the Central Government to determine other permissible manners of transaction.
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