Charitable Endowments Act, 1890 or to any other public purpose.

A Society shall invest or deposit its funds in one or more of the following :— (a) in a Central Bank, or the State Co-operative Bank ; (b) in any of the securities specified in section 20 of the Indian Trustee Act, 1882 ; (c) in the shares, or security bonds, or debentures issued by any other society With limited liability ; (d) in any banking company, approved for this purpose by the Registrar, and on such conditions as the Registrar may from time to time impose ; (e) in any other mode permitted by the rules, or by general or special order of the State Government.