Amendment status not verified — confirm the current text below against the official source.
(1) An apex society which is provided with money by the Government under section 44 shall, with such moneys, establish a fund to be called the “Principal Government Partnership Fund”. (2) An apex society shall utilize the ‘Principal Government Partnership Fund’ for the purpose of— (a) directly purchasing shares in other co-operative societies with limited liability ; (b) providing money to a co-operative society (hereinafter in this chapter referred to as central society) to enable that society to purchase shares in other co-operative societies with limited liability (hereinafter in this chapter referred to as primary societies) ; (c) making payments to the Government in accordance with the provisions of this Chapter ; and for no other purpose.