CourtMesh

Section 59: Investment of funds

The Uttar Pradesh Co-Operative Societies Act, 1965State Act of Uttar Pradesh · Act 11 of 1966

Subject to the provisions of the rules a co-operative society may invest or deposit its funds-

(a) in any of securities specified in section 20 of the Indian Trust Act, 1882 ; or

(b) in the shares or debentures of any other co-operative society ; or

(c) with any bank approved for this purpose by the Registrar ; or

(d) in any other mode as may be prescribed.

[Provided that in the case of a Co-operative Credit society, the committee of management shall be competent to invest its surplus and other funds in any financial institution regulated by Reserve Bank in the interest of the society.]

Where this provision sits

ActThe Uttar Pradesh Co-Operative Societies Act, 1965
Section59
Marginal noteInvestment of funds
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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.

  • inserted. Ins. by sec. 12 of U. P. Act no. 47 of 2007.

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:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Uttar Pradesh Co-Operative Societies Act, 1965 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.