UPCOS Act 45अध्याय VI · State Aid to Co-Operative Societies

धारा 45 · Principal State Partnership Fund

(1)

An apex society which is provided with moneys by the State Government under Section 44 shall with such money establish a Fund to be called the Principal State Partnership Fund

(2)

An apex society shall utilize the Principal State Partnership Fund for the purpose of-

(a)

directly purchasing shares in other co-operative societies with limited liability;

(b)

providing moneys to a Co-operative Society which includes in its membership other Co-operative societies, to enable that society [* * *] [Omitted by U.P. Act No.12 of 1976, vide Section 17 for 'hereinafter in this chapter referred to as central society' (w.e.f. 30-10-1975.)] to purchase shares in other affiliated Co-operative societies with limited liability (hereinafter in this Chapter referred to as Primary Societies) ;

(c)

making payments to the State Government in accordance with the provisions of this Chapter;

(d)

making such other payment as may be permitted by the State Government after the requirements in sub-clauses (a), (b) and (c) have been met in full, and for no other purpose.

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