Amendment status not verified — confirm the current text below against the official source.
[86] Under Sec-35( I0) -Icc) where the total amount af issued equity share capital held by the Government is sixty per cent or more of the total issued share capital or the Government has given loan or made advances to the co-operative society or guaranteed the repayment ofprincipal and payment ofinterest on debentures or bonds issued by the co-operative society or guaranteed the payment of principa{ and payment of interest on loan and advances to the co-operative society in amaunt not less than sixty percent in the aggregate of the total amount so borrowed by the co-operative society. three-fourth ofmembers ofthe committee including the Chairman; Provided that the right once accrued under this clause shall continue until the percentage o( the amount in respect o( share contribution or guaranteed loan goes down to less than fifty per cent;'