The Uttar Pradesh Code on Social Security Rules, 2026
Rule 82. Manner of investment of Board’s not immediately required funds or any money which is held by Board under sub-section (2) of Section 120
Official text
(1) Subject to the conditions and prior approval, as may be prescribed, from time to time, the Board may invest any money or funds in Central or State Government securities, within the ambit of the guidelines issued by the State Government, vested in it, which are not immediately required.
(2) All expenses incurred in respect of, and loss, if any, arising from any investment shall be charged to the Board’s Fund and the profit, if any from the sale of any investment shall also accrue to the Board’s Fund.
(3) Any investment made under this rule may, subject to the provisions of sub-rule (1), be varied, transposed or realised from time to time:
Provided, that if such variation, transposition or realisation is likely to result in a loss, the prior approval of the State Government shall be obtained.
(4) The State Government may, at any time, direct the vacation in part or in whole, or prohibit investment in any security or class of securities or any land or building.
(5) All dividends, interest or other sums received in respect of any investment shall, as soon as possible after receipt, be paid into or credited to the account of the Board’s Fund.