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[Cites 0, Cited by 0] [Section 44] [Entire Act]

State of Uttarakhand - Subsection

Section 44(2) in Uttarakhand Co-Operative Societies Act, 2003

(2)Indirect partnership of State Govt. in societies-
(a)the State Govt. may provide money to an Apex Society for the purchase directly or indirectly, or shares in other societies with limited liability;
(b)the State Government shall be entitled to dividend on its shares in any such co-operative society at the same rate as paid to other shareholders of the society.