Act Number: 35

Act Name: The Delhi Co-operative Societies Act, 1972

Year: 1972

Enactment Date: 1972-06-17

Long Title: An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.

Ministry: Ministry of Agriculture and Farmers Welfare

Department: Department of Agriculture, Cooperation and Farmers Welfare

Section 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--
         (a) subscribe to the share capital of a co-operative society;
         (b) give loans or make advances to co-operative societies;
         (c) guarantee the repayment of principal and payment of interest on debentures issued by a co-operative society;
         (d) guarantee the repayment of share capital of a co-operative society and dividends thereon at such rates as may be specified by the Central Government;
         (e) guarantee the repayment of principal and payment of interest on loans and advances to a co-operative society; and
         (f) give financial assistance in any other form, including subsidies, to any co-operative society.
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