Section 51: Investment by Government in registered societies

The Puducherry Co-Operative Societies Act, 1972Union territory Act of Puducherry · Act 7 of 1973

(1) The Government may subscribe directly to the share capital of a registered society.

(2) Notwithstanding any agreement to the contrary, the Government shall not be entitled to any dividend on the shares taken by them with any such registered society at a rate higher than that at which such dividend is payable in respect of any other share in that society.

Where this provision sits

Act	The Puducherry Co-Operative Societies Act, 1972
Section	51
Marginal note	Investment by Government in registered societies
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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