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 ma...
Friday, 7 October 2022
Section 60 of MCS ACT 1960 : Principal or Subsidiary State Partnership Fund not to form part of assets
60.Principal or Subsidiary State Partnership Fund not to form part of assets Any amount to the credit of a Principal State Partnership Fund ...
Section 59 of MCS ACT 1960 : Disposal of Principal or Subsidiary State Partnership Fund on winding up of Apex or Central society
59.Disposal of Principal or Subsidiary State Partnership Fund on winding up of Apex or Central society (1) If an Apex society which has est...
Section 58 of MCS ACT 1960 : Disposal of share capital and dividend, etc.
58.Disposal of share capital and dividend, etc. (1) All moneys received by an Apex society in respect of shares of other societies purchase...
Section 57 of MCS ACT 1960 : Indemnity of Apex and Central societies.
57.Indemnity of Apex and Central societies (1) If a society in which shares are purchased from the Principal State Partnership Fund is woun...
Section 56 of MCS ACT 1960 : Restriction on amount of dividend
56.Restriction on amount of dividend An Apex society which has purchased shares in other societies from the moneys in the Principal State P...
Section 55 of MCS ACT 1960 : Liability to be limited in respect of certain shares
55.Liability to be limited in respect of certain shares Where any shares are purchased in a society by— (a)the State Government ; or (b)...
Section 54 of MCS ACT 1960 : Approval of State Government for purchase of shares
54.Approval of State Government for purchase of shares Shares shall not be purchased in a society from the moneys in the Principal State P...
Section 53 of MCS ACT 1960 : Subsidiary State Partnership Fund.
53. Subsidiary State Partnership Fund. (1) A Central society which is provided with moneys by an Apex society from the Principal State Part...
Section 52 of MCS ACT 1960 : Principal State Partnership Fund
52. Principal State Partnership Fund (1) An Apex society which is provided with moneys as aforesaid shall, with such moneys, establish a Fu...
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