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of <h1>Producer Companies Must Invest Reserves in Approved Securities and Institutions per Amended Rule 4, Effective March 2006.</h1> The Producer Companies (General Reserves) (Amendment) Rules, 2006, effective from March 9, 2006, amend the Producer Companies (General Reserves) Rules, 2003, by substituting rule 4. The new rule mandates that producer companies, registered under section 581C of the Companies Act, 1956, invest their general reserves in approved securities, fixed deposits, units, and bonds from the Central or State Governments, cooperative societies, or scheduled banks. Additionally, investments can be made in cooperative banks, securities specified in the Indian Trusts Act, 1882, shares or securities of multi-State cooperative societies, or assets of public financial institutions under section 4A of the Companies Act, 1956.
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