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Section 44G: Guarantee by the State Government of principal and interest on debentures

The Bihar Co-operative Societies Act, 1935State Act of Jharkhand · Act 6 of 1935

(1) The State Government may, if in their opinion it is necessary in the public interest so to do, and subject to such terms and conditions as the State Government may think fit to impose, guarantee the principal of and interest on the debentures issued by the Board, including debentures, if any, issued prior to the commencement of Bihar Cooperative Societies (Amendment) Ordinance, 1975 subject to such maximum amount as may be fixed by the State Government.

(2) The State Government may, subject to the provisions of any Act in that regard, increase the maximum amount of any guarantee given under sub-section

(1).

Where this provision sits

ActThe Bihar Co-operative Societies Act, 1935
Section44G
Marginal noteGuarantee by the State Government of principal and interest on debentures
JurisdictionState of Jharkhand
StatusIn force as published by the source

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