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Section 45: Principal State partnership Fund

The Uttar Pradesh Co-Operative Societies Act, 1965State Act of Uttar Pradesh · Act 11 of 1966

(1) An apex society which is provided with moneys by the State Government under section 44 shall, with such money, establish a Fund to be called the "Principal State Partnership Fund".

(2) An apex society shall utilize the Principal State Partnership Fund for the purpose of-

(a) directly purchasing shares in other co-operative societies with limited liability ;

(b) providing moneys to a co-operative society which includes in its membership other co-operative societies, to enable that society [ X X X ] to purchase shares in other affiliated co-operative societies with limited liability (hereinafter in this Chapter referred to as primary societies) ;

(c) making payments to the State Government in accordance with the provisions of this Chapter ;

(d) making such other payments as may be permitted by the State Government after the requirements in sub-clauses (a), (b) and (c) have been met in full and for no other purpose.

Where this provision sits

ActThe Uttar Pradesh Co-Operative Societies Act, 1965
Section45
Marginal notePrincipal State partnership Fund
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • omitted. Omit. by sec. 13 of U. P. Act no. 12 of 1976

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