Rule 4 - Investment of general reserves. - Producer Companies (General Reserves) Rules, 2003

Investment of general reserves. [1] [04. A producer company formed and registered under section 581C of the Companies Act, 1956, shall make investments from and out of its general reserves in any one or in combination of the following, namely: (a) in approved securities, fixed deposits, units and bonds issued by the Central or State Governments or cooperative societies or scheduled bank; or (b) in a co-operative bank, State co-operative bank, co-operative land development bank or Central co-operative bank; or (c) with any other scheduled bank; or (d) in any of the securities specified in section 20 of the Indian Trusts Act, 1882; or (e) in the shares or securities of any other multi-State Co-operative society or any co-operative society; or (f) in the shares, securities or assets of a public financial institutions specified under section 4A of the Companies Act, 1956.] ---------------------------------- Notes:- [1] Substituted by the Producer Companies (Central Reserves) (Amendment) Rules, 2006, w.e.f. 9-3-2006.