Investment of funds

Subject to the provisions of the rules, a co-operative society may invest or deposit its funds— (a) in any of the securities specified in section 20 of the Indian Trust Act, 1882 (Act II of 1882); (b) in the shares or debentures of any other co-operative society; (c) with any bank approved for this purpose by the Registrar; or (d) in any other mode permitted by the rules, or by general or special order of the State Government which will have the effect of Rules.