State Act
53
Section 53. Subsidiary State Partnership Fund.
The Maharashtra Co-operative Societies Act, 1960
Act no. XXIV of 19611961In forceMaharashtra (State Act)
53. Subsidiary State Partnership Fund.— (1) A Central society which is provided with moneys by an Apex society from the Principal State Partnership Fund 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.