section 51
Investment by Government in registered societies
The Puducherry Co-operative Societies Act, 1972Corporate1972170 sections
Statutory text
(1) The Government may subscribe directly to the share capital of a registered society. (2) Notwithstanding any agreement to the contrary, the Government shall not be entitled to any dividend on the shares taken by them with any such registered society at a rate higher than that at which such dividend is payable in respect of any other share in that society.
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