Section 60: Investment of funds The Jammu and Kashmir Co-Operative Societies Act, 1989 Union territory Act of Jammu and Kashmir · Act 10 of 1989
A co-operative society may invest or deposit its funds
(a) in Government Saving Bank ; or
(b) in any of the securities specified in [section 20 of the Indian Trust Act, 1882 (2 of 1882)] ; or
(c) in the shares or securities of any other co-operative society ; or
(d) with any bank or [Reserve Bank regulated financial institution of its choice] ; or
(e) in any other mode permitted by the rules :
[Provided that the provisions of clause (e) shall not apply to a Cooperative Credit Structure Society.]
Previous Section 59Next Section 61Where this provision sits How this provision has been amended Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
substituted . . Substituted for section 20 of the Trust Act, Samvat 1977 by S.O. 3466 (E) dated 05.10.2020.substituted, Act No. X of 2010 . . Substituted for certain words by Act No. X of 2010, s. 17.inserted . . Proviso to clause (e) inserted ibid, s. 17.Find the provision, not just read it The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
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