(1) A registered society may invest or deposit its funds-
(a) in the Government Savings Bank, or
(b) in any of the securities specified in section 20 of the Indian Trusts Act, 1882 (2 of 1882), or
(c) in the shares or on the security of any other registered society, or
(d) with any bank or person carrying on the business of banking approved for this purpose by the Registrar, or
(e) in any other mode permitted by the rules.
(2) Any investments or deposits made before the commencement of this Act which would have been valid if this Act had been in force are hereby ratified and confirmed.
Co Operative Societies Act 1912
Section 31 of Cooperative Societies Act - Restrictions on other transactions with non-members
Section 32 of Cooperative Societies Act - Investment of funds
Section 33 of Cooperative Societies Act - Funds not to be divided by way of profit
Section 34 of Cooperative Societies Act - Contribution to charitable purpose
Section 35 of Cooperative Societies Act - Inquiry by Registrar
Section 36 of Cooperative Societies Act - Inspection of books of indebted society
Section 37 of Cooperative Societies Act - Costs of inquiry
Section 38 of Cooperative Societies Act - Recovery of costs
Section 39 of Cooperative Societies Act - Dissolution
Section 40 of Cooperative Societies Act- Cancellation of registration of society