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2/1912 - The Co-operative Societies Act, 1912 ▶

Act Number: 2

Act Name: The Co-operative Societies Act, 1912

Year: 1912

Enactment Date: 1912-03-01

Long Title: An Act to amend the Law relating to Co-operative Societies

Ministry: Ministry of Cooperation

Department:

Section Number	Title	Actions
1	Short title and extent.
2	Definitions.
3	The Registrar.
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 questions.
8	Application for registration.
9	Registration.
10	Evidence of registration.
11	Amendment of the by-laws of a registered society.
12	Member not to exercise rights till due payment made.
13	Votes of members.
14	Restrictions on transfer of share or interest.
15	Address of societies.
16	Copy of Act, rules and by-laws to be open to inspection.
17	Audit.
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.
28	Power to exempt from income-tax, stamp-duty and registration fees.
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.
35	Inquiry by Registrar.
36	Inspection of books of indebted society.
37	Costs of inquiry.
38	Recovery of costs.
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50	[Repealed.].
4	Societies which may be registered.
27	Exemption from compulsory registration of instruments relating to shares and debentures of registered society.