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Multi-State Co-Operative Societies Act, 2002

Section - 61 - Government aid to multi-State co-operative societies

Government aid to multi-State co-operative societies

61. 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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