Bare ActsKerala Cooperative Societies Act, 1969

Section 48

Restrictions on amount of dividend.--

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

An Apex society which has purchased shares in other societies from the moneys in the Principal State Partnership Fund and a Central society which has purchased shares in primary societies from the moneys in the Subsidiary State Partnership Fund shall be entitled only to such dividend on the said shares as is declared by the society concerned and is payable to other share holders of that society.

Section 48 – Kerala Cooperative Societies Act, 1969 | DailyLaw.ai