Amendment status not verified — confirm the current text below against the official source.
Amendment in Section- 13A of the Act VI, 1935. — In the said Act Sub-section (1) and sub-section (2) of Section- 13A shall be substituted by the following, namely:– “(1) It shall be the duty of the State Government to encourage and promote the voluntary formation, autonomous functioning, democratic control and professional management of Co-operative Societies in the State and to take such steps in this direction as may be necessary. 11 बहार गजट (असाधारण), 22 मई 2013 (2) To encourage and promote the Co-operative Society, the State Government, if it deems necessary, may – (a) With a view to aid the growth of a Co-operative Society in general or of any class of registered societies subscribe directly to the share capital of a Co-operative Society; (b) assist in the formation and augmentation of the share capital of a Co- operative Society; (c) give loans or make advances to a Co-operative Society or guarantee repayment of principal amount and payment of interest on debentures issued by a Co-operative Society or guarantee repayment of principal amount and payment of interest on loans or advances to a Co-operative Society.”