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The Delhi Co-Operative Societies Act, 1972

[Act No. 35 of 1972]

[17th June, 1972.]

Contents
Title The Delhi Co-Operative Societies Act
Sections Particulars
Chapter I Preliminary
1. Short title, extent and commencement
2. Definitions
Chapter II Registration of Co-Operative Societies
3. Registrar
4. Societies which may be registered
5. Restrictions on registration
6. Restrictions on holding of shares
7. Application for registration
8. Power of the Registrar to decide certain questions
9. Registration
10. Registration certificate
11. Amendment of bye-laws of a co-operative society
12. When amendments of bye-laws come into force
13. Change of name
14. Change of liability
15. Amalgamation, transfer of assets and liabilities and division of co-operative societies
16. Power to direct amalgamation, division and reorganisation in public interest etc
17. Registrar to prepare scheme of amalgamation of co-operative bank in certain cases
18. Liability of a co-operative bank to the Deposit Insurance Corporation
19. Cancellation of registration certificates of co-operative societies in certain cases
Chapter III Members of Co-Operative Societies and Their Rights and Liabilities
20. Persons who may become members
21. Nominal or associate members
22. Member not to exercise rights till due payment made
23. Votes of members
24. Manner of exercising vote
25. Restriction on transfer of shares or interest
26. Transfer of interest on death of members
27. Liability of past member and estate of deceased member
Chapter IV Management of Co-Operative Societies
28. Final authority in a co-operative society
29. Annual general meeting
30. Special general meeting
31. Election and nomination of members of committees
32. Supersession of committee
33. Securing possession of records, etc
34. Acts of co-operative societies not to be invalidated by certain defects
Chapter V Privileges of Co-Operative Societies
35. Co-operative societies to be bodies corporate
36. First charge of co-operative society on certain assets
37. Charge on immovable property of members borrowing loans from certain societies
38. Charge and set-off in respect of share or contribution or interest of members
39. Share or contribution or interest not liable to attachment
40. Register of members
41. Admissibility of copy of entry as evidence
42. Exemption from compulsory registration of instruments
43. Exemption from certain taxes, fees and duties
44. Deduction from salary to meet co-operative society’s claim in certain cases
45. Other forms of State aid to co-operative societies
Chapter VI Properties and Funds of Co-Operative Societies
46. Funds not to be divided by way of profit
47. Contribution to charitable purpose
48. Contribution to Co-operative Education Fund
49. Investment of funds
50. Restrictions on loans
51. Restrictions on borrowings
52. Restrictions on other transactions with non-members
Chapter VII Audit, Inquiry, Inspection and Surcharge
53. Audit
54. Inspection of societies
55. Inquiry by Registrar
56. Inspection of books of indebted societies
57. Costs of inquiry
58. Recovery of costs
59 Surcharge
Chapter VIII Settlement of Disputes
60. Disputes which may be referred to arbitration
61. Reference of disputes to arbitration
62. Power of financing bank to proceed
Chapter IX Winding Up of Co-Operative Societies
63. Winding up of co-operative societies
64. Winding up of co-operative banks at the direction of the Reserve Bank
65. Reimbursement to the Deposit Insurance Corporation by the liquidator
66. Liquidator
67. Powers of liquidator
68. Priority of contributions assessed by liquidator
69. Power of Registrar to cancel registration of a co-operative society
Chapter X Execution of Awards, Decrees, Orders and Decisions
70. Enforcement of charge
71. Execution of orders, etc
72. Execution of orders of liquidator
73. Attachment before award
74. Registrar or person empowered by him to be civil court for certain purposes
75. Recovery of sums due to Government
Chapter XI Appeals and Revision
76. Appeals
77. No appeal or revision in certain cases
78. Delhi Co-operative Tribunal
79. Review of orders of Tribunal
80. Revision
81. Interlocutory orders
Chapter XII Offences and Penalties
82. Offences
83. Cognizance of offence
84. Address of societies
85. Copy of Act, rules and bye-laws, etc., to be open to inspection
86. Prohibition against the use of the word co-operative
87. Power to exempt societies from conditions as to registration
88. Power to exempt co-operative societies from provisions of the Act
89. Liquidator to be public servant
90. Notice necessary in suits
91. Companies Act not to apply
92. Saving of existing societies
93. Bar of jurisdiction of courts
94. Powers of civil court
95. Indemnity
96. Qualifications, remuneration and other conditions of service of employees of co-operative societies
97. Rules
98. Repeal and savings


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