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Section 60: Disposal of Principal State Partnership Fund and Subsidiary State Partnership Fund on winding up of an apex or central society

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

(1) If an apex society which has established a Principal State Partnership Fund is wound up or is dissolved, all moneys to the credit of, or payable to that fund shall be paid to the Government.

(2) If a central society which has established a Subsidiary State Partnership Fund is wound up or is dissolved, all moneys to the credit of, or payable to that Fund shall be paid and credited to the Principal State Partnership Fund from which it received moneys under clause (b) of sub-section (2) of section 53.

Where this provision sits

ActThe Puducherry Co-Operative Societies Act, 1972
Section60
Marginal noteDisposal of Principal State Partnership Fund and Subsidiary State Partnership Fund on winding up of an apex or central society
JurisdictionUnion territory of Puducherry
StatusIn force as published by the source

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