section 57
Restrictions on amount of dividend
The Puducherry Co-operative Societies Act, 1972Corporate1972170 sections
Statutory text
An apex society which has purchased shares in other registered societies from the moneys in the Principal State Partnership Fund and a central society which has purchased shares in primary societies from the moneys in the Subsidiary State Partnership Fund shall be entitled only to such dividend on the said shares as is declared by the society concerned and payable to other shareholders of that society.
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