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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. 3[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.]
<span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>Subject to the provisions of the rules a co-operative society may invest or deposit its funds- <br> <span style="margin-left:15px;"></span>(a) in any of securities specified in section 20 of the Indian Trust Act, 1882 ; or <br> <span style="margin-left:15px;"></span>(b) in the shares or debentures of any other co-operative society ; or <br> <span style="margin-left:15px;"></span>(c) with any bank approved for this purpose by the Registrar ; or <br> <span style="margin-left:15px;"></span>(d) in any other mode as may be prescribed. <br> <span style="margin-left:15px;"></span><sup>3</sup>[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.]<br>