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Section 45: Principal Government Partnership Fund.

The Jammu and Kashmir Co-Operative Societies Act, 1989Union territory Act of Jammu and Kashmir · Act 10 of 1989

(1) An apex society which is provided with money by the Government under section 44 shall, with such moneys, establish a fund to be called the “Principal Government Partnership Fund”.

(2) An apex society shall utilize the ‘Principal Government Partnership Fund’ for the purpose of—

(a) directly purchasing shares in other co-operative societies with limited liability ;

(b) providing money to a co-operative society (hereinafter in this chapter referred to as central society) to enable that society to purchase shares in other co-operative societies with limited liability (hereinafter in this chapter referred to as primary societies) ;

(c) making payments to the Government in accordance with the provisions of this Chapter ; and for no other purpose.

Where this provision sits

ActThe Jammu and Kashmir Co-Operative Societies Act, 1989
Section45
Marginal notePrincipal Government Partnership Fund.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

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