Section 98F: Limit on State Government's subscription

Karnataka Co-Operative Societies (Amendment) Ordinance, 2009State Ordinance of Karnataka · No. 11 of 1959

The State Government's subscription in the share capital of any Society under the Co-operative Credit Structure shall not exceed twentyfive percent of the total paid up share capital of such society:

Provided that the State Government may further reduce its contribution or such society shall have option to further repay the subscription of the State Government and if the society intends to repay the subscription of the State Government, it shall not be prevented from doing so by the State Government.

Where this provision sits

Act	Karnataka Co-Operative Societies (Amendment) Ordinance, 2009
Section	98F
Marginal note	Limit on State Government's subscription
Jurisdiction	State of Karnataka
Status	In force as published by the source

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