State Act
42
Section 42. Direct partnership of Government in societies.
Kerala Co-operative Societies Act 1969
Act no. 21 of 19691969In forceKerala (State Act)
42.Direct partnership of Government in societies.-(1)The Government may subscribe directly to the share capital of a society with limited liability (2)Notwithstanding any agreement to the contrary, the Government shall not be entitled to a dividend on the shares of any such society at a rate higher than that at which such dividend is payable to any other share holder of the society.