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State of Haryana - Section

Section 45 in Haryana Registration and Regulation of Societies Act, 2012

45. Investment of Funds.

- Every Society, to such extent, and under such conditions, as may be permitted under its Bye-laws, from time to time, invest or deposit any portion of its funds not immediately required,-
(i)in immoveable properties; or
(ii)in securities of the Government or in National Savings Certificates or other securities of the Government of India;
(iii)in the Post Office Savings Banks Account; or
(iv)in a special account opened by the Society for the purpose in a
(a)Scheduled Bank as authorized or notified by the Reserve Bank of India; or
(b)Cooperative Bank situated in the State, or in such other mode of investment, as may be prescribed.