Section 55 in The Tripura Co-operative Societies Rules, 1976
55. Investment of other funds.
(1)A society may invest any of its funds (other than the reserve fund) in any of the modes specified in Section 62 when such funds are utilised for the business of the society.Explanation. - For the propose of this sub-rule, "business of a society" shall include any investment made by the society in immovable property with the prior sanction of the Registrar in the process of recovery of the society's normal dues or for the purpose of construction of building or buildings or its own use.(2)The Registrar may, in the case of any society or class of societies, specify, by a special or general order, the maximum amounts to be invested in any class or classes of societies.(3)Every society which has invested an amount not less than 10 per cent of its working capital in securities shall be required to constitute an investment fluctuation fund. The Registrar may direct that a specified percentage of the net profits every year shall be credited to the Investment Fluctuation Fund until, in his opinion, the amount of the funds is adequate to cover anticipated losses arising out of the disposal of the securities.
