A cooperative society registered under MSCS Act, 2002 may invest or deposit its (a) in a cooperative bank state cooperative bank, cooperative land mortgage bank cooperative land development bank or Central cooperative bank (b) in any of the securities specified in the Indian Trusts Act, or (c) in the shares or securities of any other Multi State Cooperative Society or any cooperative society; or (c) in the shares, securities or assets of any other institution, with the previous approval of the Central Registrar; or (e) with any bank; or if in such other mode as may be prescribed. In clause (e) means any banking company as defined use (c) of the Banking Regulation Act, 1949, and (i) the State Bank of India constituted under the State Bank of India Act ; (ii) a subsidiary bank as defined in clause (k) the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959); (iii) a corresponding new bank constituted under Section 3 of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 (5 of 1970) or a corresponding new bank constituted under Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings).Managing committees of Cooperative Societies can prescribe a minimum contribution per member for the members of societies which would be debited to the accounts of the members and the total sum so collected would be sent through one change. For the members of the multi state cooperative society shall have to be conveyed this decision of the managing committee in advance. As regards deployment of funds, the single most avenues available for a credit society are making advances to members. Any idle fund which remains uninvited only contributes to increase the liability of the society. You can pay a visit at execution of orders of liquidators. Apart from personal loans, the society should develop a variety of loan products like loan on the security of gold and silver ornaments, loan against security of fixed deposits, loans on the security of life insurance policies, hypotension loans, hire purchase loans and even mortgage loans. Interest rates may be linked to both the amount and time period of the loan. After the cooperatives becoming a state subject, the first state co-operative law in the state was enacted in 1949 by the name. The Assam Co-operative Societies Act 1949.The Cooperative movement in Assam started with state patronage in the year 1904. During the period only credit cooperatives were organized. But with the progress of time the need for applying Cooperative Organization in other field of activities was felt. The first law on cooperatives was enacted in 1904 under which only credit cooperatives could be organized. Thus it became a hurdle in the way of organizing cooperatives in other field of contribution or interest not liable to attachment.