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Cooperative Societies Act, 1912

[Act No. 2 of Year 1912 dated 1st March, 1912]

Sections Particulars
1 Short title and extent
2 Definitions
3 The Registrar
4 Societies which may be registered
5 Restrictions on interest of member of society with limited liability and a share capital
6 Conditions of registration
7 Power of Registrar to decide certain question
8 Application for registration
9 Registration
10 Evidence of registration
11 Amendment of the by-laws of a registered society
  Rights And Liabilities Of Members
12 Member not to exercise rights till due payment made
13 Votes of members
14 Restrictions on transfer of share or interest
  Duties Of Registered Societies
15 Address of societies
16 Copy of Act, rules and by-laws to be open to inspection
17 Audit
  Privileges Of Registered Societies
18 Societies to be bodies corporate
19 Prior claim of Society
20 Charge and set-off in respect of shares or interest of member
21 Shares or interest not liable to attachment
22 Transfer of interest on death of member
23 Liability of past member
24 Liability of the estates of deceased members
25 Register of members
26 Proof of entries in societies' books
27 Exemption from compulsory registration of instruments relating to shares and debentures of registered society
28 Power to exempt from income-tax, stamp - duty and registration fees
  Property And Funds Of Registered Societies
29 Restrictions on loans
30 Restrictions on borrowing
31 Restrictions on other transactions with non-members
32 Investment of funds
33 Funds not to be divided by way of profit
34 Contribution to charitable purpose
  Inspection Of Affairs
35 Inquiry by Registrar
36 Inspection of books of indebted society
37 Costs of inquiry
38 Recovery of costs
  Dissolution Of Society
39 Dissolution
40 Cancellation of registration of society
41 Effect of cancellation of registration
42 Winding up
43 Rules
44 Recovery of sums due to Government
45 Power to exempt societies from conditions as to registration
46 Power to exempt registered societies from provisions of the Act
47 Prohibition of the use of the word "co-operative"
48 Indian Companies Act, 1882, not to apply
49 Saving of existing societies
50 [Repeal.] Repealed by the Second Repealing and Amending Act, 1914

An Act to Amend the Law relating to Co-operative Societies.

Whereas it is expedient further to facilitate the formation of Co-operative Societies for the promotion of thrift and self-help among agriculturists, artisans and persons of limited means, and for that purpose to amend the law relating to Co-operative Societies;

It is hereby enacted as follows:-

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