Amendment status not verified — confirm the current text below against the official source.
A co-operative society may invest or deposit its funds— Investment (a) in a Government savings bank; or of funds. (b) in any security specified in section 20 of the Indian Trusts 2 of 1882. Act, 1882; or (c) in the share or debenture or security of any other co-operative society with the previous sanction of the Registrar and in the manner prescribed: Provided that no such sanction shall be necessary where a primary co-operative society invests or deposits its fund in the share or debenture of a central society or an apex society or where a central society or apex society invests or deposits its fund in the share or debenture of a primary co-operative society; or (d) in such other manner as may be prescribed. 349 The West Bengal Co-operative Societies Act, 1983. [West Ben. Act Employees' Provident Fund. (Chapter VII.—Properties and funds of co-operative societies.—Sections 63-68.)