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State of West Bengal - Section

Section 60 in West Bengal Societies Registration Rules, 1963

60. The reserve fund not used in the businesS of the society shall be invested or deposited—

(a)in the Government Saving Bank; or
(b)in any of the securities specified in section 20 of the Indian Trusts Act, 1882, other than those specified in clause (..................) of that section; or
(c)in any other bank approved by the Registrar.
Dividend