The Rajasthan Co-Operative Societies Act, 2001

Section 49 of The Rajasthan Co-Operative Societies Act, 2001 — Investment of funds

Bare section text

Official Legislative Text

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: 55[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.]

Notes for this section are being prepared — this page will update on its own once they’re ready.

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Official Legislative Text

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: 55[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.]

Notes for this section are being prepared — this page will update on its own once they’re ready.