Section 55 in The Assam Co-operative Societies Rules, 1953
55. Investment of fund.
- In addition to the provisions made in Section 51, a co-operative society may invest or deposit its funds-(i)with the Assam Co-operative Apex Bank limited ; or(ii)in the purchase or leasing of land or buildings ; or(iii)in the construction of buildings : provided that the purchase of such land or the construction of such building is likely to be advantageous to the society in its working ; or(iv)in any other manner permitted by the Registrar.
