Section 54: Subsidiary State Partnership Fund

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

(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 Puducherry Co-Operative Societies Act, 1972
Section	54
Marginal note	Subsidiary State Partnership Fund
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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