Section 44N in Jharkhand Co-operative Societies Act, 2008
44N. Limit on State Governments subscription.
- The State Governments subscription in the share capital of any Co-operative Society under the short term Co-operative credit structure shall not exceed 25% of the total paid up share capital at such society.Provided that the State Govt. or such society have option to further reduce the State Govt. equity and the society shall not be prevented from doing so by the State Govt.
