Act 2 of 1912

The Co-operative Societies Act, 1912

An Act to amend the Law relating to Co-operative Societies

  • Ministry of Cooperation
  • Enacted 1912-03-01
  • 50 sections
SectionTitle
1 Short title and extent.Read
2 Definitions.Read
3 The Registrar.Read
4 Societies which may be registered.Read
5 Restrictions on interest of member of society with limited liability and a share capital.Read
6 Conditions of registration.Read
7 Power of Registrar to decide certain questions.Read
8 Application for registration.Read
9 Registration.Read
10 Evidence of registration.Read
11 Amendment of the by-laws of a registered society.Read
12 Member not to exercise rights till due payment made.Read
13 Votes of members.Read
14 Restrictions on transfer of share or interest.Read
15 Address of societies.Read
16 Copy of Act, rules and by-laws to be open to inspection.Read
17 Audit.Read
18 Societies to be bodies corporate.Read
19 Prior claim of society.Read
20 Charge and set-off in respect of shares or interest of member.Read
21 Shares or interest not liable to attachment.Read
22 Transfer of interest on death of member.Read
23 Liability of past member.Read
24 Liability of the estates of deceased members.Read
25 Register of members.Read
26 Proof of entries in societies’ books.Read
27 Exemption from compulsory registration of instruments relating to shares and debentures of registered society.Read
28 Power to exempt from income-tax, stamp-duty and registration fees.Read
29 Restrictions on loans.Read
30 Restrictions on borrowing.Read
31 Restrictions on other transactions with non-members.Read
32 Investment of funds.Read
33 Funds not to be divided by way of profit.Read
34 Contribution to charitable purpose.Read
35 Inquiry by Registrar.Read
36 Inspection of books of indebted society.Read
37 Costs of inquiry.Read
38 Recovery of costs.Read
39 Dissolution.Read
40 Cancellation of registration of society.Read
41 Effect of cancellation of registration.Read
42 Winding-up.Read
43 Rules.Read
44 Recovery of sums due to Government.Read
45 Power to exempt societies from conditions as to registration.Read
46 Power to exempt registered societies from provisions of the Act.Read
47 Prohibition of the use of the word “co-operative”.Read
48 Indian Companies Act, 1882, not to apply.Read
49 Saving of existing societies.Read
50 [Repealed.].Read
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