section 61
Investment of Money belonging to a Notified Institution or Declared Institution
The Hindu Religious Institutions and Charitable Endowments Act, 1997Civil1997107 sections11 chapters
Chapter IX POWERS AND FUNCTIONS OF COMMISSIONER AND OTHER OFFICERS
Statutory text
Investment of Money belonging to a Notified Institution or Declared Institution.- All monies belonging to a Notified Institution or a Declared Institution and not required for immediate use shall be deposited only in a Nationalised Bank or with the permission of the State Government in any Scheduled Bank or Banking Institution approved by the State
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