Bare ActsThe Jammu and Kashmir Self-Reliant Cooperatives Act, 1999

Section 40

Deployment of funds

Amendment status not verified — confirm the current text below against the official source.

Deployment of funds.––(1) The funds mobilized by a cooperative shall be primarily for the furtherance of its objectives. (2) Such of its funds as are not needed for use in its business, a cooperative may invest or deposit, outside its business, in any non- speculative manner.

Section 40 – The Jammu and Kashmir Self-Reliant Cooperatives Act, 1999 | DailyLaw.ai