Section 55: Investment of funds outside the business
The Goa Co-operative Societies Act, 2001State Act of Goa · Act 36 of 2001
Such of its funds as are not needed for use by a society may be invested or deposited outside its business— -27-
(a) in the local postal saving bank;
(b) in any of the securities specified in section 20 of the Indian Trusts Act, 1882 (Central Act 2 of 1882);
(c) in the shares, debentures, and deposits in the State Co-operative Bank .
(d) in a co-operative or nationalised or scheduled bank;
(e) in any federal society of which it is a member;
(f) in deposits with Government companies.
(g) in any other mode permitted by the rules or by general or special order of the Government.
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