Lawgist45Other forms of State aid to co-operative societies
Notwithstanding anything contained in any law for the time being in force, the Central Government may--
(a) subscribe to the share capital of a co-operative society;
(b) give loans or make advances to co-operative societies;
(c) guarantee the repayment of principal and payment of interest on debentures issued by a co-operative society;
(d) guarantee the repayment of share capital of a co-operative society and dividends thereon at such rates as may be specified by the Central Government;
(e) guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society; and
(f) give financial assistance in any other form, including subsidies, to any co-operative society.
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- 35 Co-operative societies to be bodies corporate
- 36 First charge of co-operative society on certain assets
- 37 Charge on immovable property of members borrowing loans from certain societies
- 38 Charge and set-off in respect of share or contribution or interest of members
- 39 Share or contribution or interest not liable to attachment
- 40 Register of members
- 41 Admissibility of copy of entry as evidence
- 42 Exemption from compulsory registration of instruments
- 43 Exemption from certain taxes, fees and duties
- 44 Deduction from salary to meet co-operative society's claim in certain cases
- 45 Other forms of State aid to co-operative societies
