AdvocateKhoj
Login : Advocate | Client
Home Post Your Case My Account Law College Law Library
    

Co-Operative Societies Act 2008


Part VII Property and Funds of Society

114. Investment of funds

1.     A society may invest or deposit its fundsó

a.     in any registered society or bank approved by the Registrar;

b.    in any securities issued or guaranteed by the Government;

c.     in the shares or on the security of any society with limited liability; or

d.    in any other manner permitted by the Registrar.

2.     Except with the approval of the general membership and of the Registrar, a society may not invest its funds for the purpose of a mortgage of real property.



Co-Operative Societies Act 2008 Back




Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered by nubia  |  driven by neosys