Bare ActsThe JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989

Section 46

Subsidiary Government Partnership Fund.

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

(1) A central society which is provided with money by an apex society from the ‘Principal Government Partnership Fund’ shall with such money establish a fund to be called the ‘Subsidiary Government Partnership Fund’. (2) A central society shall utilize the ‘Subsidiary Government Partnership Fund’ for the purpose of— (a) purchasing shares in primary societies ; (b) making payment to the apex society in accordance with the provisions of this Chapter ; and for no other purpose.

Section 46 – The JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989 | DailyLaw.ai