Sri Lanka Consolidated Acts

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Ceylon Railway Guards' and Locomotive Enginemen's Provident Association (Incorporation) Act (No. 15 of 1969) - Sect 14

Investment of funds

14. The funds of the Corporation shall be placed in the name of the Corporation in one or more banks in Ceylon as may be determined by the Committee of Management and it shall be lawful for the Committee of Management from time to time to invest such part of the funds as is not immediately required for any purpose of the business of the Corporation or in connection with the management of the affairs of the Corporation and the achievement of its objects in such manner as the Committee of Management may determine,-
(a) in fixed or savings deposits in one or more local banks, or in Ceylon Savings Certificates; or
(b) in any bonds, debentures or other securities of the Government of Ceylon; or
(c) in any other investment as may from time to time be approved by the Secretary to the Treasury.


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