Amendment status not verified — confirm the current text below against the official source.
Deposit and administration of the funds - (1) The farmers’ organisation shall keep their funds in a Nationalised Bank or a Co-operative Bank, namely a Primary Agricultural Co-operative Society or the District Co-operative Central Bank or the Andhra Pradesh State Co-operative Central Bank. (2) The funds shall be applied towards meeting of the expenses incurred by the managing committee of the concerned farmers’ organisation in the administration of this Act and for no other purpose.