Bare ActsThe PUDUCHERRY CO-OPERATIVE SOCIETIES ACT, 1972

Section 51

Investment by Government in registered societies

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

Investment by Government in registered societies.- (1) The Government may subscribe directly to the share capital of a registered society. (2) Notwithstanding any agreement to the contrary, the Government shall not be entitled to any dividend on the shares taken by them with any such registered society at a rate higher than that at which such dividend is payable in respect of any other share in that society.

Section 51 – The PUDUCHERRY CO-OPERATIVE SOCIETIES ACT, 1972 | DailyLaw.ai