Bare ActsThe KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.

Section 42

Indirect partnership of State Government in co-operative societies

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

Indirect partnership of State Government in co-operative societies.- The State Government may, subject to appropriation by law, provide moneys to a co-operative society (hereinafter in this Chapter referred to as apex society) for the purchase of shares in other co-operative societies with limited liability.

Section 42 – The KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959. | DailyLaw.ai