Section 56: Liability to be limited in respect of certain shares

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

Where shares are purchased in a registered society by-

(a) the Government; or

(b) an apex society or a central society from the Principal State Partnership Fund or the Subsidiary State Partnership Fund, as the case may be;

the liability in respect of such shares shall, in the event of the registered society being wound up, be limited to the amount paid in respect of such shares.

Where this provision sits

Act	The Puducherry Co-Operative Societies Act, 1972
Section	56
Marginal note	Liability to be limited in respect of certain shares
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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