State Act

The Bihar Co-operative Societies Act, 1935

19. Investment of funds. - Subject to the provisions of sub-section (2) of section (16) a registered society shall invest or deposit its funds- (a) in a Government Saving Bank: or (b) in its own financial Bank or (c) in any of securities specified in section 20 of Indian Trust Act, 1882 (2 of 1882) (c) in sanction specified by reserve Bank of India, or (e) with the general or special sanction of the Registrar and on such conditions as he may impose. (i) in shares or securities of any other registered society. (ii) in any scheduled Bank or with the sanction or Registrar in other registered societies carrying Banking business. (f) may invest or deposit in any other mode permitted by the rules.