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[Cites 0, Cited by 0] [Section 78] [Entire Act]

State of Tamilnadu - Subsection

Section 78(2) in Tamil Nadu Co-operative Societies Rules, 1988

(2)No recoupment of the amount invested under this rule shall be necessary when the investment is made-
(a)by a society from its building fund constituted out of the profits; or
(b)by a society other than a credit society in which the share capital raised from the members is intended to be invested in immovable properties in accordance with its by-laws.