Section 32 of the Co-operative Societies Act, 1912 – Investment of funds

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Section 32: Investment of funds

  • (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.

Source: official text of The Co-operative Societies Act, 1912 as published on India Code (PDF). All sections of the Co-operative Societies Act, 1912.

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