Amendment status not verified — confirm the current text below against the official source.
The Government may, subject to the rules,- (a) give loans or advance moneys to a society; (b) subscribe to the share capital of a society; Exemption from compulsory registration of instruments. State aid to societies. 84 [Act No.7 of 1964] (c) provide moneys to a society- (i) for the purchase of shares of other societies; (ii) to enable it to provide moneys to another society to purchase shares in other societies; (d) guarantee the repayment of principal and payment of interest on debentures issued by a society; (e) guarantee the repayment of share capital of a society and dividends thereon at such rates as may be specified by the Government; (f) guarantee the repayment of principal and payment of interest on loans and advance of moneys to a society; (g) guarantee the repayment of deposits received by a society and payment of interest on such deposits subject to such terms and, conditions as may be laid down by the Government; and (h) give financial aid in any other form including subsidies to any society. 180[(i) give Land for residential construction or other purposes either on subsidised / concessional rates or market cost or cost free basis. (j) exempt stamp fee, stamp duties, licence fee, import duties, Earnest Money Deposits (EMDs). (k) Provide/offer any subsidies, concessions or guarantees or securities.]