section 53
(1) A Central Society which is provided with money by an Bobsidiary
The Manipur Co-Operative Societies Act, 1976Corporate197682 sections11 chapters
Chapter V STATE AID TO SOCIETIES
Statutory text
(1) A Central Society which is provided with money 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.
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