Section 40: Other forms of State aid to Co-operative Societies

The Punjab Co-Operative Societies Act, 1961Union territory Act of Chandigarh · Act 25 of 1961

Notwithstanding anything contained in any law for the time being in force, the Government may-

(a) subscribe to the share capital of a co-operative society;

(b) give loans or make advances to co-operative society;

(d) guarantee the repayment of the share capital of a co-operative society and dividends thereon at such rates as may be specified by the Government;

THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 43 8TH FINAL PRINT AS ON 05.10.2006

(e) guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society; and

(f) give financial assistance in any other form, including subsidies, to any co-operative society.

CHAPTER VI PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES SECTION - 41

Where this provision sits

Act	The Punjab Co-Operative Societies Act, 1961
Section	40
Marginal note	Other forms of State aid to Co-operative Societies
Jurisdiction	Union territory of Chandigarh
Status	In force as published by the source

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