State Act
50
Section 50. Direct partnership of State Government in societies.
The Maharashtra Co-operative Societies Act, 1960
Act no. XXIV of 19611961In forceMaharashtra (State Act)
50. Direct partnership of State Government in societies.— The State Government may subscribe directly to the share capital of a society with limited liability, upon such terms and conditions as may be agreed upon : 1[Provided that, in the case of the co-operative credit structure entity, the State Government shall not hold more than 25% of the total share capital and the entity shall have option to further reduce the share capital contributed by the Government.]