Section 8B
Power to invest
of Pineapple Industry Act 1957
ActIn forceProvision 10 of 31
Section 8B
The Board may, with the approval of the Minister and the concurrence of the Minister of Finance, from time to time, invest the
Fund or any part thereof, not being immediately required for meeting its obligations or carrying out its functions—
(a)
in any investment or securities authorized for the investment of trust funds by any written law for the time being in force; or
(b)
in such other investment or securities as the Board thinks fit.