(1) The [State]1 Governmen may by general or special order in the case of a registered society or class o registered societies remit any tax, cess or fee payable under any law for the time being in force or the rules thereunder in respect of which they are con) petent to remit such tax, cess or fee.
r . _ ■ ■ ■ class of registered societies, by notification in the official gazette, remit
(a) the stamp duty other than stamp duties falling within [item 91 or 95 i_ __ _ „ --- --------- of any instrument executed by, or on behalf of, or in relating to the business of such society or any class of such instruments, coi trators under this Act, in cases where, but for such remission, the registered society, officer or member thereof, as the case may be, would be liable to pay the stamp duty chargeable under any law for the time being in force, in respec of such instrument, and 1
(b) any force force.
(2) The ’[State] Government may, in respect of any registered society ot :
in list 1 of the Seventh Schedule to the Constitution of India]2 in respect favour of I a registered society or by an officer or on behalf of a member thereof. a | | relating to the business of such society or any class of such instruments, co, operative demand certificates or decisions awards or orders of Registrar or arbi trators under this Act, in cases where, but for such remission, the registered ;
being in being in respec ...... „..J fee payable by a registered society under any law for the time ;
for the registration of documents or of court fee for the time
CHAPTER V II Property and Funds of Registered Society Investment of Funds.— (1) A registered society may invest or deposit i |51.
funds—
(a) in a Government Savings Bank, or
(b) in any of the securities specified in section 20 of the Indian Trust Act, • 1882, other than those specified in clause (c) of that section, or
(c) with the sanction of the Registrar, in the shares or debentures or in Jhe security of any other registered society, or
(d) with any registered society, bank or persons carrying on the business of banking approved for this purpose by the Registrar, or
(e) in any other mode permitted by the bye-laws.
(2) Such investment shall be accounted for separately from the Reserve Funt ;
of the registered society.