section 42
Direct partnership of Government in societies
The Kerala Co-operative Societies Act 1969Corporate1969136 sections12 chapters
Chapter VI Chapter VI
Statutory text
(1)The Government may subscribe directly to the share capital of a society with limited liability (2)Notwithstanding any agreement to the contrary, the Government shall not be entitled to a dividend on the shares of any such society at a rate higher than that at which such dividend is payable to any other share holder of the society.
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