THE JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989
Section 46. Subsidiary Government Partnership Fund.
(1) A central society which is provided with money by an apex society from the ‘Principal Government Partnership Fund’ shall with such money establish a fund to be called the ‘Subsidiary Government Partnership Fund’.
(2) A central society shall utilize the ‘Subsidiary Government Partnership Fund’ for the purpose of—
(a) purchasing shares in primary societies ;
(b) making payment to the apex society in accordance with the provisions of this Chapter ; and for no other purpose.
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