section 15
Investment of Fund
The Odisha Labour Welfare Fund Act, 1996Labour199629 sections
Statutory text
Where the Fund or any portion thereof can not be utilized within a period of ninety days for fulfilling the objects of this Act, the Board shall invest the same in any of the securities specified in clauses (a) to (d) of section 20 of the Indian Trusts Act, 1882 or in fixed deposited bonds of the State Co-operative Bank or such other Co-operative Bank as the Government may, by notification specify from time to time, or in such other security as may be expressly authorized by the Government in this behalf.
Study data processing for this section.
PDF: pending for this language.