Investment of general reserves restricted to specified government, cooperative and scheduled bank instruments under Producer Companies rules. Producer Companies (General Reserves) Rules, 2003 require producer companies formed under section 581C to invest from their general reserves only in specified instruments and institutions: approved government or cooperative securities, fixed deposits, units and bonds; cooperative banks and central/state cooperative banks including land development banks; any scheduled bank; securities specified in section 20 of the Indian Trusts Act, 1882; shares or securities of other cooperative societies; and shares, securities or assets of public financial institutions under section 4A of the Companies Act, 1956.
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 restricted to specified government, cooperative and scheduled bank instruments under Producer Companies rules.
Producer Companies (General Reserves) Rules, 2003 require producer companies formed under section 581C to invest from their general reserves only in specified instruments and institutions: approved government or cooperative securities, fixed deposits, units and bonds; cooperative banks and central/state cooperative banks including land development banks; any scheduled bank; securities specified in section 20 of the Indian Trusts Act, 1882; shares or securities of other cooperative societies; and shares, securities or assets of public financial institutions under section 4A of the Companies Act, 1956.
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