Bare ActsThe Assam Co-operative Societies Act, 1949

Section 51

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funds— (a) in a Government Savings Bank, or (b) in any of the securities specified in section 20 of the Indian Trust Act, • 1882, other than those specified in clause (c) of that section, or (c) with the sanction of the Registrar, in the shares or debentures or in Jhe security of any other registered society, or (d) with any registered society, bank or persons carrying on the business of banking approved for this purpose by the Registrar, or (e) in any other mode permitted by the bye-laws. (2) Such investment shall be accounted for separately from the Reserve Funt ; of the registered society.

Section 51 – The Assam Co-operative Societies Act, 1949 | DailyLaw.ai