Amendment status not verified — confirm the current text below against the official source.
Direct partnership of State Government in co-operative societies.- (1) The State Government may subscribe directly to the share capital of a co-operative society with limited liability. (2) Notwithstanding any agreement to the contrary, the State Government shall not be entitled to a dividend on the shares of any such co- operative society at a rate higher than that at which such dividend is payable to any other shareholder of the society.