Repealed schedule repealed 1the cooperative societies act, 1925 sind act vii of 1925 4 december 1925 an act to consolidate and amend the law relating to cooperative societies in 2the province of west pakistan. It must be registered under the cooperative societies act 1912 or state cooperative societies act, and with the registrar of cooperative societies. Cooperative societies act financial services commission. The cooperative societies act does not specify the maximum number of members for any cooperative society. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Cooperative banks came into existence with the enactment of the cooperative credit societies act of 1904. Xxiv of 19612 preamble an act to consolidate and amend the law relating to cooperative societies in the state of maharashtra whereas with a view to providing for the orderly development of. The cooperative societies act, 1925 to facilitate the. A cooperative society must be registered under the cooperative societies act, 1912 or under a state cooperative societies act. Cooperative societies act, 1912 bare acts law library. On registration, the society becomes a body corporate, having a separate legal entity of its own, with perpetual succession and. Wh an act to amend the law relating to co operative societies.
The registrar of cooperative societies is the government. Also, it does not mean that a cooperative society should sustain losses. Section 4, of the indian cooperative societies act, 1912 defines a cooperative as a society which has its objective the promotion of economic interest of its members in accordance with co. Full text containing the act, cooperative societies act, 1912, with all the sections, schedules, short title, enactment date, and footnotes. Copy of act, rules and bylaws to be open to inspection. Solved examples with detailed answer description, explanation are.
Charge and setoff in respect of shares or interest of member. This act may be called the cooperative societies act, 1925. An act to amend the law relating to cooperative societies. Whereas it is expedient further to facilitate the formation of cooperative societies for the promotion of thrift and selfhelp among agriculturists, artisans and persons of limited means, and for that purpose to amend the law relating to cooperative societies. In india, cooperatives desiring to be registered may do so under the cooperative societies act, 1912, or relevant state cooperative societies acts, as the case. The maharashtra cooperative societies act, 19601 maharashtra act, no. Construction of references to cooperative societies act, 1912 in enactments. The minister may, by statutory order, confer or impose on any assistant registrar of cooperative societies all or any of the powers and duties conferred or imposed on the registrar of cooperative societies by this act. This act has been declared to be in force in the sonthal parganas by notification under s.
Chapter 9 funds raising for cooperative societies 45 chapter 10 accounting framework for npos 46. An act to consolidate and amend the law relating to cooperative societies in the state of. C115 cooperative societies act anguilla 8 15122000 societies which may be registered 3. Subsequently in 1912 a new act was passed which provided for the establishment of cooperative central banks. A minimum of ten members are required to form a cooperative society. Following are some of the important changes done in the maharashtra cooperative society act, 1960 and also in the model byelaws of cooperative housing societies the condition for membership. Text the cooperative societies rules, 1927 14th july, 1926 notification no. Whereas certain rules, which it was proposed to make under section 71 of the cooperative societies act, 1925 act vii of 1925, were published in government notification in the revenue. There shall be appointed by the national liberation council an officer who shall be called the registrar of cooperative societies in this. The cooperative societies act 1925 punjab laws online.
Restrictions on interest of member of society with limited. Cooperative society means an institution register with indian cooperative societies act, 1912 or relevant acts of states. Differences between a cooperative and a pc in india. The cooperative movement has developed in various directions since this act was placed on the statute book. 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. Cooperative societies act, 1912 tax management india. A cooperative society, governed by the banking regulation act, 1949 as amended by the banking laws, application to cooperative societies act, 1965 shall maintain a minimum liquid cover as required under that act. An act of parliament relating to the constitution, registration and regulation of cooperative societies and for purposes incidental thereto.
A cooperative bank is member promoted and has to be registered with the state based registrar of cooperative societies. In uttar pradesh the cooperative societies act, 1912, is stall in force with a few modifications which have been made from time to time by the state government. Repealed by the second repealing and amending act, 1914 an act to amend the law relating to cooperative societies. Cooperative societies an act respecting the registration, supervision and management of cooperative societies, the members of which have a common bond of philosophy and social and economic objectives assent 29th september, 2005 commencement 4th october, 2005 1.
Cooperative societies act 1968 nlcd 252 section 1the registrar of cooperative societies. The act is applicable not only to the union of workers but also to the association of employers. With reference to the provisions of the employees provident funds and miscellaneous provisions act, 1952, state whether the provisions of this act are applicable on it. Laws of malaysia act 502 cooperative societies 1993 an act to make provisions for the constitution, registration, control and regulation of cooperative societies. At least ten persons above of 18 years, having the capacity. A cooperative society can be formed as per the provisions of the cooperative societies act, 1912. Bestrictions on interest of member of society with lin. Societies act, 1912 features, kerala cooperative societies act, 1969 features, multistage cooperative societies act, 1984 and its replacement model cooperative act in 2002 features. Handbook on cooperative society non profit organisations. Malaysia cooperative societies commission 7 laws of malaysia act 665 malaysia cooperative societies commission act 2007 an act to provide for the establishment of the malaysia cooperative societies commission and for matters incidental thereto and connected therewith. The cooperative societies act, 1925 to facilitate the formation and working of cooperative societies for the promotion of thrift, selfhelp and mutual aid among agriculturists and other persons with common economic needs so as to bring about better living, better business. Cooperative societies act anguilla financial services. Power to exempt societies from conditions as to registration.
The cooperative movement was accelerated with anand model or amul as we are familiar with. Differences between a cooperative and a pc in india co. There has also been a reorientation of the governments policy towards co. The cooperative societies act 1912 indian bare acts. The growing interference of government and political nexus was not allowing the. Registrar of cooperative societies for jamaica and may appoint persons to assist such registrar and may by general or special order published in the gazette, confer on any such persons all or any of the powers of a registrar under this act. Registration of cooperative societies formalities, bye law model and its amendment formalities, change of name and liability formalities, membership. This act may be called the co operative societies act, 1912. Cooperative credit societies act, 1912 or under the punjab. The co operative societies act, 1912 tnau agritech portal. Cooperative societies an act to provide for the registration, inspection, examination and supervision of. The cooperative societies act of 1912, further gave recognition to the formation of noncredit societies and the central cooperative organizations. This act may be cited as the cooperative societies act.
The cooperative societies act, 1925 sind act vii of. Chapter 41 trade unions ministry of statistics and. The governments of the state control the cooperatives. The cooperative societies act, 1925 sind act vii of 1925 c o n t e n t s chapter i preliminary sections 1. Cooperative societies act 1991 uganda legal information. The membership of a cooperative society is open to all those who have a common interest. App features complete the cooperative societies act of 1912 in digital format. Maharashtra cooperative society act 1960 recent changes. The punjab state cooperative societies act punjab government.
Subject to the provisions hereinafter contained, a society which has as its object the promotion of the economic interests of its members in. At least ten persons above of 18 years, having the capacity to enter into a contract with common economic objectives, like farming, weaving, consuming, etc. Cooperative societies act, 1912 2 of 1912, or any other law for time being in force in any. Also, certain acts, namely, the societies registration act, 1860. September, 1965 an act to provide for the payment of bonus to persons employed in cert ain establ ishments on the. Government of the republic of zambia cooperative union means a society, the membership of which is comprised of societies operating in. Construction of references to cooperative societies act, 1912, in enactments. For the purpose for recovering any papers, documents or books of account belonging to a.
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