GCSA 60 — Disposal of Principal or Subsidiary State Partnership Fund on Winding up of Apex or Central Society.

Gujarat Co-operative Societies Act, 1961

Statutory text

(1) If an Apex society which has established a Subsidiary State Partnership Fund is wound up or dissolved, all moneys at the credit of, or payable to that fund, shall be paid to the State Government.

(2) If a Central society which has established a Subsidiary State Partnership Fund is wound up or dissolved, all moneys at the credit of, or payable to that Fund, shall be paid and credited to the Principal State Partnership Fund form which it received moneys under clause (b) of sub-section (2) of section 53.

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