Bare ActsThe Manipur Co-Operative Societies Act, 1976

Section 53

(1) A Central Society Which is provided with money by an

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

(1) A Central Society Which is provided with money by an . Apex Society from the Principal State Partnership Fund shall, with Such moneys, establish a Fund to be called the “Subsidiary State Partnership Fund”. (2) A Central Society shall utilise the Subsidiary State Partnership Fund for the purpose of—- (a) purchasing shares in Primary societies ; (b) making payments to the Apex Society in accordance With the provisions of this Chapter ; and for no other purpose.

Section 53 – The Manipur Co-Operative Societies Act, 1976 | DailyLaw.ai