Invesments by Co-operative societies
This query is : Resolved
CA Namrata Shetty
(Querist)
29 July 2009
Can a Co-operative society invest in Equity market or mutual funds. If yes then what are the norms or guidelines to be followed by them for doing so?
SHILPIN D MEHTA
(Expert)
30 July 2009
A co-operative society can not invest in Equity market or in mutual fund without the prior permission of District Registrar as per Section No. 71 of Co Operative Societies Act, 1961.
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