Restrictions on interest of member of society with limited liability and a share. Societies act, 20 and shall come into operation on such date as the minister may, by notice published in the gazette appoint. In this act, unless the context otherwise requires20 agricultural inputs means resources that are used in. Secondary and higher secondary education act, 1972, gujarat separation of judicial and executive functions and the code of criminal procedure act, gujarat cotton seeds regulation of supply, disrtibution, sale and fixation of sale price act, gujarat. An act of parliament relating to the constitution, registration and regulation of cooperative societies and for purposes incidental thereto act no.
Lets take a look at this ever controversial and much discussed issue. Legal division department of cooperative development. Formation of a cooperative society a cooperative society can be formed as per the provisions of the cooperative societies act, 1912. Every society shall have an address registered in accordance with the rules, to which all notices and communications may be sent, and shall send notice in writing to the registrar of any change in the said address within 30 days of such change. This act may be cited as the cooperative societies act. This act may be cited as the cooperative societies shorttitle. Construction of certain references to act 15 of 1877 and act 9 of 1871. The cooperative societies act 1912 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, the cooperative societies act 1912 national security, others, procedural and administration, property related, public utilities, shipping.
Short title this act may be cited as the cooperative societies act. In this actn oboardo means the board of management or other directing body to whom the management of the affairs of a society is entrusted. Wh an act to amend the law relating to co operative societies. In this act, except where the context otherwise requires. Act 1966, the guyana independence order 1966, and the existing constitution, and to provide for matters incidental thereto or connected therewith. The supreme court, however, has ruled that only cooperative societies owned, controlled or funded by the state fall under rti ambit. Construction of references to cooperative societies act, 1912 in enactments. The profit and loss account a list of the members of the. Restrictions on interest of member of society with limited liability and a share capital. However, only 40% owners in the district have got their properties registered.
Civil court shall have any jurisdiction in respect of any matter connected with the dissolution of a registered society under this act. The director of cooperatives has the authority to refuse to register a cooperative society where such an applicant society s byelaws, for example, do not comply with the provisions of the nigerian cooperative societies act as amended, cap. Constitution of cashville multi purpose cooperative society. Power to exempt societies from conditions as to registration. The cooperative societies act, 1925 sind act vii of 1925 c. Mar 28, 2012 cooperative societies laws important objective questions here are some important objective from cooperative societies act 1925 and cooperative societies rules 1927. The model byelaws are simply a representative sample and a guide to frame byelaws of a multi state cooperative society. Guidelines for cooperative legislation, second revised edition geneva, i nternational labour office, 2005 isbn 9221172104 also available in french.
Notwithstanding anything contained in this act, the 28 state government may, by special order in each case and subject to such conditions, if any, as it may impose, exempt any society from any of the requirements of this act. In this act interpre bonus means a share of the profits of a registered society tation. There are changes that may be brought into force at a future date. As a result of these one pacs khandagiri service cooperative society ltd. Registrar means a person appointed to perform the duties of a registrar of cooperative societies under this act.
At least ten persons having the capacity to enter into a contract with common economic objectives, like farming, weaving, consuming, etc. The cooperative societies act, 1925 to facilitate the. Assam cooperative societies act, 1949 assam act no. A comparative study of the credit cooperatives under the old act. These objectives are important for the competitive exams held by ppsc for seats of assistant registrar cooperative societies and inspector cooperative societies. Section 45 in the cooperative societies act, 1912 45. Cooperative societies act, 1912 tax management india. The cooperative societies act, 1925 sind act vii of 1925. The cooperative societies act 1912 indian bare acts. In this act, unless there is anything repugnant in the subject or context, a bylaws means the registered bylaws for the time being in force, and includes a registered amendment of the bylaws. It has been repealed in its application to 1 the bombay presidency by the bombay co operative societies act, 1925 bom.
N98, or the lagos state cooperative societies law, cap. This act has been declared to be in force in the sonthal parganas by notification under s. In section 89, after the words and figures cooperative societies act, 1912 in the two. The cooperative societies rules, 1927 josh and mak. Cooperative societies act 1925 important mcqs objective. The societies registered under indian societies registration act would have to pay 5% duty whereas those societies that are registered under uttar pradesh cooperative housing society.
Whereas a society was in the year one thousand eight hundred and nineteen established, known as the benevolent society of new south wales, having for its object the relieving of poor, aged. Full text containing the act, cooperative societies act, 1912, with all the sections, schedules, short title, enactment date, and footnotes. Collected acts of the president and government of the russian federation 2016. Cooperative societies act, gujarat state enactments law. An act to incorporate and otherwise promote the objects of the benevolent society of new south wales. Cooperative society year in relation to any cooperative society or class of such society means the year ending 31st day of march and where the accounts of such society or class of such societies are, with the previous sanction of the registrar, cooperative societies, balanced on any other day, the year ending on such day.
Apr 03, 2015 the constitution of cashville multipurpose cooperative society limited globally designed with every countrys economic improvement at heart. Interpretation in this act, except where the context otherwise requires agricultural produce means any produce or article produced or obtained by the work or industry of members of a cooperative society or marketed by a cooperative society, whether the produce be of agriculture. Cooperative societies act, 1912 bare acts law library. The multistate cooperative societies act, 2002 contents. This act may be cited as the constitution of the cooperative republic of guyana act. The 23 state government may, for the whole or any part of the 24 state and for any registered society or class of such societies, make rules to carry out the purposes. The cooperative societies act, 1925 sind act vii of 1925 c o n t e n t s chapter i preliminary sections 1. This act may be called the cooperative societies act, 1925. Circular on npa and other provisions applicable to audit of. The cooperative societies act 1912 indian bare acts india. Obonuso means a share of the surplus of a society divided among its members in proportion to the volume of business done.
Some recent decisions by information commissioner prof m sridhar acharyulu mention that the president and secretary of cooperative housing societies are deemed pios under the rti. Membership of the cooperative spans across all 36 states plus federal capital territoryabuja in nigeria. Construction of references to cooperative societies act, 1912, in enactments. Bestrictions on interest of member of society with lin. Cooperative society means a society registered under the cooperative societies act, 1912 ii of 1912 or under any other law for the time being in force in any state for the registration of cooperative societies section 2191. Do cooperative housing societies come under rti ambit. The cooperative societies act 1912 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, the cooperative societies act 1912 national security, others, procedural and administration, property related, public utilities, shipping laws, tax laws. Repealed by the second repealing and amending act, 1914 an act to amend the law relating to cooperative societies. Every society now existing which has been registered under the cooperative credit societies act, 1904 10 of 1904, shall be deemed to be registered under this act, and its bylaws shall, so far as the same are not inconsistent with the express provisions of this act, continue in force until altered or rescinded.
Every member of a society shall be entitled to inspect free of cost, at the society s office during office hours or any time fixed for the purpose by the society, a copy of the act. A society that has for its object the promotion of economic interest of its members in accordance with cooperative principles, or a society established with the object of facilitating the operations of such a society, may be registered under cooperative societies act 1912, with or without the limitation of liability. Interpretation in this act, except where the context otherwise requires agricultural produce means any produce or article produced or obtained by the work or industry of members of a cooperative society or marketed by a cooperative society, whether the produce be of agriculture, animal husbandry, forestry, fisheries. Cooperative and community benefit societies act northern. Restrictions on interest of member of society with limited.
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