The Multi-State Cooperative Societies Act, 2002

4 · Central Registrar 5. Multi-state cooperative societies which may be registered 6_ Application for registration 7 . Registration 8_ Registration certificate 9 Multi-state cooperative society to be body corporate 10. Bye-laws of multi-state cooperative societies 11. Amendment of bye-laws of a multi-state cooperative society 12. When amendment of bye-laws comes into force 13. Change of name 14. Change of address 15. Publication of name by multi-state cooperative society 16. Liability 17. Amalgamation or transfer of assets and liabilities, or division of multi-state cooperative societies 18. Central Registrar to prepare scheme of amalgamation or reorganisation of a cooperative bank in certain cases 19. Promotion of subsidiary institution 20. Liability of a cooperative bank to Deposit Insurance and Credit Guarantee Corporation 21 . Cancellation of registration certificate of multi-state cooperative societies in certain cases 22. Conversion of a cooperative society into a multi-state cooperative society

23 · Registration of federal cooperative 24. Functions of federal cooperative

25 · Persons who may become members 26. Nominal or associate member of society 27 . Educational course for members 28. Members not to exercise rights till due payment made 29. Disqualification for member of a multi-state cooperative society 30. Expulsion of members 31. Vote of members 32. Manner of exercising vote 33. Restriction on holding of shares 34. Restriction on transfer of shares or interest 35. Redemption of shares 36. Transfer of interest on death of members 37 . Liabilities of past member and estate of deceased member

55 · Charge and set-off in respect of share or contribution or interest of members 56. Share or contribution or interest not liable to attachment 57 . Register of Members 58. Admissibility of copy of entry as evidence 59. Exemption from compulsory registration of instruments 60. Deduction from salary to meet multi-state cooperative society's claim in certain cases 61 . Government aid to multi-state cooperative societies

84 · Reference of disputes 85. Limitation

94 · Execution of decisions, etc 95. Execution of orders of liquidator 96. Attachment before award 97 . Central Registrar or arbitrator or person authorised to be civil court for certain purposes 98. Recovery of sums due to Government Chapter XII

99 · Appeals 100. No appeal in certain cases 101 . Review 102. Interlocutory orders

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106 · Copies of bye-laws, etc, to be open to inspection 107 . Place of keeping and inspection of, registers and returns 108. Inspection of books of account; etc of multi-state cooperative society 109. Annual accounts and balance-sheet 110. Minutes of proceedings of general meetings and of board and other meetings 111. Minutes to be evidence 112. Presumptions to be drawn where minutes duly drawn and signed 113. Inspection of minutes book of general meetings 114. Liquidator to be public servant 115. Notice necessary in suits 116. Power to amend Second Schedule 117. Bar of jurisdiction of courts 118. Indemnity 119. Opening of branches 120. Filing of returns 121 . Certain Acts not to apply 122. Central Government's power to give directions to specified multi-state cooperative societies in public interest

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10 · Bye-laws of multi-state cooperative societies

11 · Amendment of bye-laws of a multi-state cooperative society

12 · When amendment of bye-laws comes into force

13 · Change of name

14 · Change of address

15 · Publication of name by multi state cooperative society

17 · Amalgamation or transfer of assets and liabilities, or division of multi-state cooperative societies

18 · Central Registrar to prepare scheme of amalgamation or reorganisation of a cooperative bank in certain cases

19 · Promotion of subsidiary institution

21 · Cancellation of registration certificate of multi-state cooperative societies in certain cases

22 · Conversion of a cooperative society into a multi-state cooperative society

23 · Registration of federal cooperative (1) Every federal cooperative shall obtain registration certification in accordance with the provisions of this Act: (2) Every federal cooperative shall in its general meeting be represented by its member cooperative. (3) The classification of federal cooperative and other terms and conditions applicable to it shall be such as may be prescribed. (4) All provisions of this Act, applicable to a multi-state cooperative society shall, as far as may be, apply to a federal cooperative. 24. Functions of federal cooperative (1) Subject to the provisions of this Act and any other law for the time being in force; a federal cooperative may discharge the functions to facilitate the voluntary formation and democratic functioning of cooperative societies as federal cooperative or multi-state cooperatives based on self-help and mutual aid. (2) Without prejudice to the generality of the provisions contained in sub-section 2 the federal cooperative may- (a) ensure compliance of the cooperative principles; (b) make model bye-laws and policies for consideration of its member cooperative; (c) provide specialised training; education and data-base information; (d) undertake research; evaluation and assist in preparation of perspective development plans for its member cooperative; (e) promote harmonious relations amongst member cooperative; (f) help member cooperative to settle disputes among themselvves; (g) undertake business services on behalf of its member cooperative, if specifically required by or under the resolution of the general body or the board, or bye-laws of a member of cooperative; (h) provide management development services to a member cooperative; evolve code of conduct for observance by a member cooperative; evolve viability norms for a member cooperative; 8 provide legal aid and advice to a member cooperative; assist member cooperative in organising self-help; (m) develop market information system logo brand promotion, quality control and technology upgradation:

25 · Persons who may become members

26 · Nominal or associate members of society

27 · . Educational course for members

28 · Members not to exercise rights till due payment made

29 · Disqualification for member of a multi-state cooperative society

30 · Expulsion of members

31 · Vote of members

32 · Manner of Exercising Vote

33 · Restriction on holding of shares

35 · Redemption of shares

36 · Transfer of interest on death of members

37 · . Liabilities of past member and estate of deceased member

38 · Constitution; powers and functions of general body (1) The general body of a multi-state cooperative society shall consist of all the members of such society: Provided that where the bye-laws of a multi-state cooperative society provide for the constitution of a smaller body consisting of delegates of members of the society elected or selected in accordance with such bye-laws, that smaller body shall exercise such powers of the general body as may be prescribed or as may be specified in the bye-laws of the society. (2) Subject to the provisions of this Act; the rules and the bye-laws, the ultimate authority of & multi-state cooperative society shall vest in the general body of its members:

39 · Annual general meeting of general body

40 · Special general meeting of general body

43 · Disqualifications for being a member of board

44 · Prohibition to hold office of chairperson or president or vice- chairperson or vice president in certain cases

45 · Elections of members of board

47 · Removal of elected members by general body

52 · Powers and functions of Chief Executive

53 · Committees of board

54 · Securing possession of records; etc

55 · Charge and set-off in respect of share or contribution or interest of members

56 · Share of contribution or interest not Iiable to attachment

57 · . Register of members

58 · Admissibility of copy of entry as evidence

59 · Exemption from compulsory registration of instruments

60 · Deduction from salary to meet multi-state cooperative society' s claim in certain cases

61 · . Government aid to multi-state cooperative societies

62 · Funds not to be divided by way of profit

63 · Disposal of net profits

64 · Investment of funds

65 · Restriction on contribution

66 · Restriction on loans

67 · . Restrictions on borrowing

68 · Restrictions on other transactions with non-members

69 · Contributory provident fund

71 · Provision as to resolutions for appointing or removing auditors

72 · Qualifications and disqualifications of auditors

73 · Powers and duties of auditors

75 · Reading and inspection of auditor's report

77 · . Power of Central Government to direct special audit in certain cases

78 · Inquiry by Central Registrar

80 · Inspection of books of indebted multi-state cooperative societies

81 · . Costs of inquiry and inspection

82 · Recovery of costs

83 · Repayment; etc

84 · Reference of disputes

85 · Limitation

87 · . Winding up of cooperative bank at the direction of Reserve Bank

88 · Reimbursement to the Deposit Insurance Corporation by liquidator

89 · Liquidator

90 · Powers of liquidator

91 · . Disposal of surplus assets

92 · Priority of contributions assessed by liquidator

93 · Power of Central Registrar to cancel registration of a multi-state cooperative society

94 · Execution of decisions; etc

95 · Execution of orders of liquidators

96 · Attachment before award

97 · . Central Registrar or arbitrator or person authorised to be civil court for certain purposes

98 · Recovery of sums due to Government

99 · Appeals

100 · No appeal in certain cases

101 · Review

102 · Interlocutory orders

103 · Cooperative societies reorganisation of states

104 · Offences and penalties

105 · Cognizance of offences

106 · Copies of bye-laws; etc, to be open to inspection

107 · . Place of keeping and inspection of, registers and returns

108 · Inspection of books of account; etc-, of multi-state cooperative society

109 · Annual accounts and balance sheet

110 · Minutes of proceedings of general meetings and of board and other meetings

111 · Minutes to be evidence

112 · Presumptions to be drawn where minutes duly and signed

113 · Inspection of minutes book of general meetings The books containing the minutes of the proceedings of any general meeting or a multi-state cooperative society shall-

114 · Liquidator to be public servant

115 · Notice necessary in suits

116 · Power to amend Second Schedule

117 · Bar of jurisdiction of courts

118 · Indemnity

119 · Opening of branches Notwithstanding anything contained to the contrary in any law relating to cooperative societies in force in a state, a multi-state cooperative society; not being a cooperative bank; may open branches or places of business in any place in India:

120 · Filing of returns

121 · Certain Acts not to apply

122 · Central Government's power to give directions to specified multi- state cooperative societies in public interest

123 · Supersession of board of specified multi-state cooperative society

124 · Power to make rules

125 · Power to remove difficulties

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