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Section 45 – The Delhi Co-Operative Societies Act,1972

The Delhi Co-Operative Societies Act,1972

45.Other forms of State aid to co-operative societies.-

Notwithstanding anything contained in any law for the time being in force, the Central Government may- Subscribe to the share capital of a co-operative society give loans or make advances to co-operative societies guarantee the repayment of principal and payment of interest on debentures issued by a co-operative society, guarantee the repayment to share capital of a co-operative society and dividends thereon at such rates as may be specified by the Central Government.

Guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society, and Five financial assistance in any other form, including subsidies, to any co-operative society.

Where a requisition in writing from any society registered or deemed to be registered in any reciprocating State in respect of a member of that society, who has executed nay such agreement as is referred to in sub section (1) and who for the time being is employed in the Union territory of Delhi, is received by his employer, the requisition shall be acted upon as if it had been made by a society in Delhi and the provisions of this section shall have effect accordingly.

Nothing contained in this section shall apply to establishment under a railway administration operating any railway a defined in clauses (20) of article 366 of the Constitution.

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The Delhi Co-Opearative Societies Act,1972

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