Bare ActsKerala Cooperative Societies Act, 1969

Section 42

Direct partnership of Government in societies.--

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

(1) The Government may subscribe directly to the share capital of a society with limited liability. (2) Notwithstanding any agreement to the contrary, the Government shall not be entitled to a dividend on the shares of any such society at a rate higher than that at which such dividend is payable to any other share holder of the society.

Section 42 – Kerala Cooperative Societies Act, 1969 | DailyLaw.ai