Roop's Law Assist
Waitlist

The Multi-State Cooperative Societies Act, 2002

66c6973e120e796c1ac75a5896f889894a99d7e6 · Year unknown · State unknown

Download PDFParent ActBack to Subordinates
Parent: AMENDING ACT (334729387b9c4770acbca0edcabe2d8367f30f05)

Text

The Multi-State Cooperative Societies Act, 2002 Contents Chapter I Preliminary Short title, extent and commencement Application Definitions Chapter II Central Registrar and Registration of Multi State Cooperative Societies Central Registrar Multi-state cooperative societies which may be registered Application for registration Registration Registration certificate Multi-state cooperative society to be body corporate Bye-laws of multi-state cooperative societies Amendment of bye-laws of a multi-state cooperative society When amendment of bye-laws comes into force Change of name Change of address Publication of name by multi-state cooperative society Liability Amalgamation or transfer of assets and liabilities, or division of multi-state cooperative societies Central Registrar to prepare scheme of amalgamation or reorganisation of a cooperative bank in certain cases Promotion of subsidiary institution Liability of a cooperative bank to Deposit Insurance and Credit Guarantee Corporation Cancellation of registration certificate of multi-state cooperative societies in certain cases Conversion of a cooperative society into a multi-state cooperative society Chapter III Registration and Functions of Federal Cooperatives Registration of federal cooperative Functions of federal cooperative Chapter IV Members of Multi-state cooperative societies and their duties, rights and liabilities Persons who may become members Nominal or associate member of society Educational course for members Members not to exercise rights till due payment made Disqualification for member of a multi-state cooperative society Expulsion of members Vote of members Manner of exercising vote Restriction on holding of shares Restriction on transfer of shares or interest Redemption of shares Transfer of interest

Rule TOC

1 · Short title, extent and commencement
2 · Application
3 · Definitions
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 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
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
38 · Constitution, powers and functions of general body
39 · Annual general meeting of general body
40 · Special general meeting of general body
41 · Board of directors
42 · Association of employees in management decision making process
43 · Disqualifications for being a member of board
44 · Prohibition to hold office of chairperson or president or vicechairperson or vice president in certain cases
45 · Elections of members of board
46 · Holding of office in cooperative society
47 · Removal of elected members by general body
48 · Nominee of Central Government or State Government on the board
49 · Powers and functions of board
50 · Meeting of board
51 · Chief Executive
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 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
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
70 · Appointment and remuneration of auditors
71 · Provision as to resolutions for appointing or removing auditors
72 · Qualifications and disqualifications of auditors
73 · Powers and duties of auditors
74 · Signature of audit report etc
75 · Reading and inspection of auditor's report
76 · Right of auditor to attend general meeting
77 · Power of Central Government to direct special audit in certain cases
78 · Inquiry by Central Registrar
79 · Inspection of multi-state cooperative societies
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
86 · Winding up of multi-state cooperative societies
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 functioning immediately before 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
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 multistate 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
126 · Repeal and saving
1 · Voluntary and Open Membership
2 · Democratic Member Control
3 · Member's Economic Participation
4 · Autonomy and Independence
5 · Education, Training and Information
6 · Cooperation among Cooperatives
7 · Concern for Community