Section 124:
Power to make rules.
(1) The Central Government may, by notification, make rules to carry
out the provisions of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may
provide for all or any of the following matters, namely:--
(a) the form to be used, the particulars to be given and the conditions to be complied with in the
making of applications under section 6 for the registration of a multi-State co-operative society and
the procedure in the matter of such applications;
(b) the matters in respect of which a multi-State co-operative society may make bye-laws under
sub-section (2) of section 10;
(c) the manner in which the order of refusal to register any amendment of the bye-laws shall be
communicated under sub-section (9) of section 11;
(d) the manner in which a multi-State co-operative society shall have a principal place of business
and registered address under section 14;
(e) the procedure and conditions for change in the extent of the liability of a multi-State cooperative
society under section 16;
(f) the manner in which order of refusal to register an amendment of bye-laws shall be
communicated under sub-section (4) of section 22;
(g) the classification of federal co-operative and other terms and conditions applicable to in under
sub-section (3) of section 23;
(h) the restriction on holding the share capital of the society other than a member referred to in
section 33;
(i) the constitution and powers of smaller body representing the general body under the proviso to
sub-section (1) of section 38;
(j) the period within which annual general meeting be called and the procedure at such meetings
and the powers to be exercised by such meeting under section 39;
(k) the election of members of the board under sub-section (2) of section 45 through secret ballot;
(l) the nomination of members under the second proviso to sub-section (1) of section 48;
(m) the additional measures and acts which may be taken or, as the case may be, done by the
board under section 49;
(n) the salary and allowances payable to and other terms and conditions of the Chief Executive
under sub-section (3) of section 51;
(o) the conditions subject to which the board may constitute an Executive Committee and other
committees or sub-committees under sub-section (1) of section 53;
(p) the persons by whom and the form in which copies of entries in books of multi-State cooperative
societies may be certified under section 58 and the charges to be levied for the supply of
such copies;
(q) providing aid to multi-State co-operative societies on certain terms and conditions under
clause (g) of section 61;
(r) the conditions under which profits may be distributed to the members of a multi-State cooperative
society and the maximum rate of dividend which may be paid by the multi-State cooperative
societies under section 63;
(s) establishment of contributory provident fund under sub-section (1) of section 69;
(t) the manner of disposing of the surplus under clause (k) of sub-section (2) of section 90;
(u) the manner in which surplus assets be divided by the Central Registrar with the previous
sanction of the Central Government under clause (b) of section 91;
(v) the appellate authority to be specified under sub-section (2) of section 99;
(w) the procedure under section 103 for reconstitution and reorganisation of societies which
became the multi-State co-operative societies consequent on reorganisation of states;
(x) the inspection of records of the society on payment of fees under clause (b) of sub-section (2)
of section 107;
(y) any other matter which is required to be, or may be, prescribed.
(3) Every rule made under this section shall be laid, as soon as may be after it is made, before each
House of Parliament, while it is in session, for a total period of thirty days which may be comprised in
one session or in two or more successive sessions, and if, before the expiry of the session immediately
following the session or the successive sessions aforesaid, both Houses agree that the rule should not be
made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may
be; so, however, that any such modification or annulment shall be without prejudice to the validity of
anything previously done under that rule.