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State of Odisha - Section

Section 39 in The Orissa Self-Help Co-operatives Act, 2001

39. Deployment of funds.

(1)The funds mobilised by a Co-operative shall be for the furtherance of its objectives.
(2)Such of its funds as are not needed for use in its business, a Cooperative may invest or deposit, outside its business, in the manner specified under Sub-section (5) of Section 11 of the Income Tax Act, 1961.