Multi-State Co-Operative Societies Act, 2002

Section - 64 - Investment of funds

Investment of funds.

64. A multi-State co-operative society may invest or deposit its funds-

(a)-in a co-operative bank, State co-operative bank, co-operative land development bank or Central co-operative bank; or
[(b)-in any of the securities issued by the Central Government, State Government, Government Corporations, Government Companies, Authorities, Public Sector Undertakings or any other securities ensured by Government guarantees;]
(c)-in the shares or securities of any other multi-State co-operative society or any co-operative society; or
(d)-in the shares, securities or assets of a subsidiary institution or any other institution [in the same line of business as the multi-State co-operative society]; or
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