51. Provision for fluid resources or liquid covers.

{
    "act_title": "The Assam Co-operative Societies Rules, 1953",
    "act_slug": "the-assam-co-operative-societies-rules-1953-1953",
    "section_label": "Section",
    "section": {
        "number": "51",
        "title": "51. Provision for fluid resources or liquid covers.",
        "chapter": null,
        "content": "(i) 25 per cent of the amount held in fixed deposits and loans due for repayment within the ensuring six months (less the amounts for which written notice of renewal has been received);\n(ii) 33 per cent of the amount held in savings deposits ;\n(iii) 60 per cent of the amount held in current deposits ; and\n(iv) the entire amount of under an cash credit granted.\n(a) cash in hand, or in banks or with bankers approved by the Registrar\n(b) Government securities, including post office cash certificates ;\n(c) deposits in Post Office Saving Banks ;\n(d) other investment of a liquid nature in outside concerns approved by the Registrar; and\n(e) the undrawn portion of assured cash credit with-\n(i) any joint-stock bank or private banker approved by the Registrar; or\n(ii) the Apex Bank or any other Co-operative Bank approved by he Registrar.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 50
    },
    "prev_section": "50",
    "next_section": "52"
}