Section 63: Other forms of state aid to registered societies

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

Notwithstanding anything contained in this Act or any other law for the time being in force, the Government may-

(a) grant loans or make advances to any registered society;

(b) guarantee the repayment of principal and payment of interest on debentures issued by registered society;

(c) guarantee the repayment of share capital of a registered society and dividends thereon at such rates as may be specified by the Government;

(d) guarantee the repayment of principal and payment of interest on loans and advances to a registered society;

(e) guarantee the repayment of deposits received by a registered society and payment of interest on such deposits; and

(f) give financial assistance in any other form including subsidies, to any registered society.

Where this provision sits

Act	The Puducherry Co-Operative Societies Act, 1972
Section	63
Marginal note	Other forms of state aid to registered societies
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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