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Bare acts > Maharashtra Co-operative Societies Act, 1960 > Section 53
 
  


 

53. Subsidiary State Partnership Fund.- (1) A Central Society which is provided with moneys by an Apex Society from the Principal State partnership Funds 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.

 

 

 

 

 

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