Bare ActsThe ARUNACHAL PRADESH CO-OPERATIVE SOCIETIES ACT, 1978 (Act No. 3 of 1979)

Section 54

Amendment status not verified — confirm the current text below against the official source.

(1) A Central Society which is provided with moneys by an Apex Society, from the Principal State Partnership Fund shall with such moneys establish a Fund to be called the "Subsidiary State Partnership Fund". (2) A Central Society shall utilize the subsidiary State Partnership Fund for the purpose of a. Purchasing shares in Primary Society; b. Making payment to the Apex Society in accordance with the provisions of this Chapter; and for no other purpose.

Section 54 – The ARUNACHAL PRADESH CO-OPERATIVE SOCIETIES ACT, 1978 (Act No. 3 of 1979) | DailyLaw.ai