Amendment status not verified — confirm the current text below against the official source.
In the Pricipal Act, in Section 5 1, after Sub Section Section 5 1 as (2), the following Sub- Section shall be added, namely:- Sub-section 51 (3) (4) " (3)- A Short Term Cooperative Credit Structure Society shall have the freedom to invest or deposit its funds in the Bank or financial institution regualated by the Reserve Bank of India and not necessarily in the federal society to which it is affiliated." To be inserted in Section 53 as Section 52-A