Bare ActsThe PUDUCHERRY CO-OPERATIVE SOCIETIES ACT, 1972

Section 54

Subsidiary State Partnership Fund

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

Subsidiary State Partnership Fund.- (1) A central society which is provided with moneys 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. 78

Section 54 – The PUDUCHERRY CO-OPERATIVE SOCIETIES ACT, 1972 | DailyLaw.ai