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        Trust and Society

        Section 32 - Investment of funds

        Co-operative Societies Act, 1912
        Chapter VI
        Property and funds of registered societies

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        Permitted investments for registered societies clarified: allowable deposit and investment modes listed and prior valid investments ratified. A registered society may invest or deposit its funds in the Government Savings Bank, in the securities specified for trusts, in shares or on the security of other registered societies, with banks or persons carrying on banking approved by the Registrar, or in any mode permitted by the rules; investments or deposits made before the Act that would have been valid under the Act are ratified and confirmed.
                          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.

                                Permitted investments for registered societies clarified: allowable deposit and investment modes listed and prior valid investments ratified.

                                A registered society may invest or deposit its funds in the Government Savings Bank, in the securities specified for trusts, in shares or on the security of other registered societies, with banks or persons carrying on banking approved by the Registrar, or in any mode permitted by the rules; investments or deposits made before the Act that would have been valid under the Act are ratified and confirmed.


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