Investment of funds

Investment of funds. - Subject to the provisions of sub-section

1. (2) of section
2. (16) a registered society shall invest or deposit its funds-
   • (a) in a Government Saving Bank: or
   • (b) in its own financial Bank or
   • (c) in any of securities specified in section 20 of Indian Trust Act, 1882 (2 of 1882)
   • (c) in sanction specified by reserve Bank of India, or
   • (e) with the general or special sanction of the Registrar and on such conditions as he may impose.
     • (i) in shares or securities of any other registered society.
     • (ii) in any scheduled Bank or with the sanction or Registrar in other registered societies carrying Banking business.
   • (f) may invest or deposit in any other mode permitted by the rules.