Investment of funds.
X X X X Extracts X X X X
X X X X Extracts X X X X
.... bank or Central co‑operative bank; or ^1[(b) in any of the securities issued by the Central Government, State Government, Government Corporations, Government Companies, Authorities, Public Sector Undertakings or any other securities ensured by Government guarantees;] (c) in the shares or securities of any other multi‑State co‑operative society or any co‑o....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (f) in such other manner as may be determined by the Central Government.] Explanation.-For the purposes of clause (e), "bank" means any banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), and includes- (i) the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955); (ii) a subsidiary bank as d....
TaxTMI