Amendment status not verified — confirm the current text below against the official source.
Where any shares are purchased in a society by— (a) the State Government ; or (b) an Apex Society from the Principal State or a, Central Society from the Subsidiary State Partnership Fund, as the case may be ; 21 Indirect part- nership of State Govt. in Societies. Principal state Partnership Fund. Subsidiary Sta to Pat tnership Fund. Approval of State Go- vernment for for purchase of shares, Liability to be limited in respect of certain shares, Part- nership Fund, 22 Restriction on amount of dividend. Indemnity of Apex and Central Societies. Disposal of share capi- tal and dividend etc. Disposal of principal or subsidiary state part- nership fund on winidng up of Apex or Central society, the liability in respect of such shares shall, in the event of the soder of Which the shares are purchased is wound up, be limited to fit amount paid in respect of such shares.