GCSA 59 — Disposal share capital and dividend, etc.

Gujarat Co-operative Societies Act, 1961

Statutory text

(1) All moneys received by an Apex society in respect of the redemption of shares of other societies purchase out of the moneys in the Principal State Partnership Fund, or by way of dividends or otherwise or by way of interest, dividend or otherwise on the balance of that fund shall be credited to that Fund.

(2) All moneys received by a Central society in respect of the redemption of shares of primary societies purchased out of the moneys in the Subsidiary State Partnership Fund, or by way of dividends or otherwise or by way of interest, dividend or otherwise on the balance of that fund,

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