State Act
38
Section 38. Deployment of funds
UTTARAKHAND SELF RELIANT CO-OPERATIVES ACT, 2003
Act no. 04 of 20032003In forceUttarakhand (State Act)
38. (1) The funds mobilized by a co-operative shall be for the furtherance of its objectives. (2) Such of its funds as are not needed for use in its business, a co-operative may invest or deposit, outside its business, in any manner specified in Section 11 (5) of the Income Tax Act, 1961.