Government financial assistance to multi State co operative societies permits subscriptions, loans, guarantees and subsidies to promote cooperation. Notwithstanding any other law, the Central or a State Government, upon request by a multi State co operative society and to promote the co operative movement, may subscribe to share capital, give loans or advances, guarantee repayment and interest on debentures, guarantee repayment of share capital and dividends, guarantee repayment of loans and advances, provide subsidies or other financial assistance, and supply other aid on prescribed terms and conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government financial assistance to multi State co operative societies permits subscriptions, loans, guarantees and subsidies to promote cooperation.
Notwithstanding any other law, the Central or a State Government, upon request by a multi State co operative society and to promote the co operative movement, may subscribe to share capital, give loans or advances, guarantee repayment and interest on debentures, guarantee repayment of share capital and dividends, guarantee repayment of loans and advances, provide subsidies or other financial assistance, and supply other aid on prescribed terms and conditions.
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