Section 52(2) in The Maharashtra Co-Operative Societies Act, 1960
(2)An Apex society shall utilise the Principal State Partnership Fund for the purpose of -(a)directly purchasing shares in other societies with limited liability;(b)providing moneys to a society to enable that society (hereinafter in this Chapter referred to as a "Central Society") to purchase shares in other societies with limited liability (the latter societies being hereinafter in this Chapter referred to as "Primary societies");(c)making payments to the State Government in accordance with the provisions of this Chapter; and for no other purpose.
