section 52
Chapter referred to as an "Apex Society").
The Maharashtra Co-operative Societies Act 1960Corporate1960178 of 165 sections available26 chapters
Chapter V STATE AID TO SOCIETIES
Statutory text
Principal State Partnership Fund.—
- (1) An Apex society which is provided with moneys as aforesaid shall, with such moneys, establish a Fund to be called the "Principal State Partnership Fund".
- (2) An Apex society shall utilize the Principal State Partnership Fund for the purpose of
- (a) directly purchasing shares in other societies with limited liability;
- (b) providing money to a society to enable that society (hereinafter in this Chapter referred to as a "Central Society") to purchase shares in other societies with limited liability the latter societies being hereinafter in this Chapter referred to as "Primary societies";
- (c) Making payments to the State Government in accordance with the provisions of this chapter; and for no other purpose.
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