Investment in shares and MFs
This query is : Resolved
29 August 2007
Whether Co-operative societies(to be specific, the Societies registrered under Karnataka Souharda Sahakari Act,1997) can invest in Shares of companies listed on Recognised stock exchange or Mutual funds?
29 August 2007
Whether Co-operative societies(to be specific, the Societies registrered under Karnataka Souharda Sahakari Act,1997) can invest in Shares of companies listed on Recognised stock exchange or Mutual funds?
30 August 2007
No they can't invest in these modes vide sec. 18 of Karnataka Souharda Sahakari Act,1997
02 September 2007
Then, what are the securities mentioned under sec.20 of Indian Trust Act? As per sec.18 of Karnataka Souharda Sahakeri Act,1997, sahakari can invest its excess funds in the securities specified u/s 20 of Indian Trust Act. Whether Shares and Mutual Funds are covered u/s 20 of Indian Trust Act?
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