State Act
18
Section 18. Investment of Funds.
THE KARNATAKA SOUHARDA SAHAKARI ACT, 1997
Act no. 17 of 20001997In forceKarnataka (State Act)
3[18. Investment of Funds.- Such of its funds as are not immediately required for use by a co-operative, shall be invested or deposited outside its business, namely:- With the Karnataka State Co-operative Apex Bank Ltd. or District Central Co-operative Bank Ltd or Urban Co-operative Bank; and With any scheduled bank regulated by the Reserve Bank of India with the prior permission of the Registrar.]3