Amendment status not verified — confirm the current text below against the official source.
Subject to the other provisions of this Part the Board may invest or deposit the funds of the incorporated and unincorporated Devaswoms:-- (a) in a scheduled bank as defined in the Reserve Bank of India Act, 1934 or in any State treasury; or (b) in promissory notes, debentures, stocks or other securities of the Government or the Government of India; or (c) in stocks or debentures or shares in railway or other companies, the interest whereon shall have been guaranteed by the Government or the Government of India.