Amendment status not verified — confirm the current text below against the official source.
(1) All moneys received by an apex society in respect of shares of other societies purchased form the moneys in the Principal State Partnership Fund on redemption of such share or by way of dividends or otherwise shall be credited to that Fund. (2) All moneys received by a central society in respect of shares of primary societies purchased form the moneys in the Subsidiary State Partnership Funds on redemption of such shares or by way of dividends or otherwise, shall in the first instance be credited to that fund and then transferred to the Apex society which shall credit them to the Principal State Partnership Fund. (3) All moneys referred to in sub-section (1) or sub-section (2) shall Notwithstanding that the shares stand in the name of the apex society or the central society, as the case may be, be paid to the Government. (4) Save as provided in sub-section (3), the Government shall not be entitled to any other return on the moneys provided by it to an apex society under S.43. (5) Any amount to the credit of the Principal State Partnership Fund or the Subsidiary State Partnership Fund and the investment thereof shall not form part of the assets or liabilities of the apex society or central society, as the case may be. The balance sheet of any such society shall separately show the amounts to the credit of the Principal State partnership Fund or the Subsidiary State Partnership Fund or the investment thereof, as the case may be.