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Section 49: Investment of funds

The Rajasthan Co-operative Societies Act, 2001State Act of Rajasthan · Act 16 of 2002

A co-operative society shall invest its funds in one or more of the following, namely:-

(a) Central Co-operative Bank;

(b) Apex Co-operative Bank;

(c) in the shares or securities or debentures issued by any other co-operative society with limited liability;

(d) in any other mode permitted by the rules or by general or special order of the Government:

Provided that notwithstanding anything contained in this section, the guidelines, if any, issued by the Reserve Bank of India in this regard for the Urban Co-operative Banks shall have effect:

[Provided further that a short term co-operative credit structure society may invest or deposit its funds in any bank or financial institution regulated by the Reserve Bank of India.]

Where this provision sits

ActThe Rajasthan Co-operative Societies Act, 2001
Section49
Marginal noteInvestment of funds
JurisdictionState of Rajasthan
StatusIn force as published by the source

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