THE JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989
Section 60. Investment of funds
A co-operative society may invest or deposit its funds
(a) in Government Saving Bank ; or
(b) in any of the securities specified in 1[section 20 of the Indian Trust Act, 1882 (2 of 1882)] ; or
(c) in the shares or securities of any other co-operative society ; or
(d) with any bank or 2[Reserve Bank regulated financial institution of its choice] ; or
(e) in any other mode permitted by the rules :
3[Provided that the provisions of clause (e) shall not apply to a Cooperative Credit Structure Society.]
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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