Amendment status not verified — confirm the current text below against the official source.
Deposit of Amounts of the Board.- All moneys belonging to the Fund shall be deposited in District Co-operative Banks or State Bank of India or any Nationalised or Scheduled Banks as may be approved by the Government from time to time or in the securities mentioned or rvferred to in clause (a)to (d) of section 20 of the bxliaa in Trusts Act. 1882 (Central Act 2 of 1882) if such securities are payable both in respect of capital and in respect of interest in the State of Kerala or in Kerala Government bonds: - Provided that the Board may with the previous approval of Government grant loans to or invest money in institution's approved or sponsored by Government. -