Section 53: Subsidiary State Partnership Fund

The Maharashtra Co-operative Societies Act, 1960State Act of Maharashtra · Act 24 of 1961

(1) A Central society which is provided with moneys by an Apex society from the Principal State Partnership Fund shall, with such moneys, establish a Fund to be called the “Subsidiary State Partnership Fund”.

(2) A Central society shall utilise the Subsidiary State Partnership Fund for the purpose of—

(a) purchasing shares in Primary societies ;

(b) making payments to the Apex society in accordance with the provisions of this Chapter ;

and for no other purpose.

Where this provision sits

Act	The Maharashtra Co-operative Societies Act, 1960
Section	53
Marginal note	Subsidiary State Partnership Fund
Jurisdiction	State of Maharashtra
Status	In force as published by the source

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