Bare ActsThe ORISSA LABOUR WELFARE FUND ACT, 1996

Section 15

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

Where the Fund or any portion thereof can not be utilized within a period of ninety days for fulfilling the objects of this Act, the Board shall invest the same in any of the securities specified in clauses (a) to (d) of section 20 of the Indian Trusts Act, 1882 or in fixed deposited bonds of the State Co-operative Bank or such other Co-operative Bank as the Government may, by notification specify from time to time, or in such other security as may be expressly authorized by the Government in this behalf.

Section 15 – The ORISSA LABOUR WELFARE FUND ACT, 1996 | DailyLaw.ai