Multi-State Co-Operative Societies Act, 2002
Section - 61 - Government aid to multi-State co-operative societies
Government aid to multi-State co-operative societies61. Notwithstanding anything contained in any law for the time being in force, the Central Government or a State Government, on receipt of request from a multi-State co-operative society and with a view to promoting co-operative movement, may,-
| (a) | - | subscribe to the share capital of a multi-State co-operative society; |
| (b) | - | give loans or make advances to a multi-State co-operative society; |
| (c) | - | guarantee the repayment of principal and payment of interest on debentures issued by a multi-State co-operative society; |
| (d) | - | guarantee the repayment of share capital of a multi-State co-operative society and dividends thereon at such rates as may be specified by the Central Government or the State Government; |
(e).... To read the full section download the app from Google Play store
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