Amendment status not verified — confirm the current text below against the official source.
Liability to be limited in respect of certain shares.- Where shares are purchased in a registered society by- (a) the Government; or (b) an apex society or a central society from the Principal State Partnership Fund or the Subsidiary State Partnership Fund, as the case may be; the liability in respect of such shares shall, in the event of the registered society being wound up, be limited to the amount paid in respect of such shares.