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Friday 7 October 2022

Section 61 of MCS ACT 1960 : Agreement by State Government and Apex societies

61.Agreement by State Government and Apex societies

Subject  to  the  foregoing  provisions of  this  Chapter—

(a)the State Government may enter into an agreement with an Apex society setting out the terms and conditions on which it shall provide moneys to the Apex society for the purpose specified in section 51 ;

(b)an Apex society may, with the previous approval of the State Government, enter into an agreement with a Central society, setting out the terms and conditions on which it shall provide moneys to that society form the Principal State Partnership Fund for the purpose specified in clause (b) of sub-section (2) of section 52.