Amendment status not verified — confirm the current text below against the official source.
Liability to be limited in respect of certain shares.- Where any shares are purchased in a co-operative society by,— (a) the State Government; or (b) an apex society or a central society from the ‘Principal State Partnership Fund’ or the ‘Subsidiary State Partnership Fund’ as the case may be, the liability in respect of such shares shall, in the event of the co-operative society being wound up, be limited to the amount paid in respect of such shares.