Amendment status not verified — confirm the current text below against the official source.
Societies not to be registered with undesirable names - (1) No society shall be registered by a name which contravenes the provisions of the Emblems and Names (Prevention of the Improper use) Act, 1950 (Central Act 12 of 1950). (2) (a) No society shall be registered in a district by a name, which is identical with that of another registered society in existence in the same District or so nearly resembling it so as to mislead except where the registered society in existence is in the course of being dissolved and signifies in writing its consent to such registration. (b) Except with the previous sanction in writing of the Government, no society shall be registered by a name which contains any of the following words, namely:- (i) ‘Co-operative’ or “Land Development”, (ii) “Reserve Bank”. 6 (iii) “Union” or “State” or any word expressing or implying the sanction, approval or patronage of the Central Government or any State Government; and (iv) “Municipal” or “Chartered” or any word which suggests or is calculated to suggest connection with any municipality or other local authority; Provided that nothing in this section shall apply to the societies registered before the date of commencement of this Act. (3) A society may, by a special resolution change it’s name with a previous intimation to the Registrar in writing. (4) The change of names shall not affect any right or obligation of the society or any member thereof or render defective any action or other legal proceedings by or against it and any of the members, and any action or other legal proceedings which might have been continued or commenced by or against the society by its former name may be continued or commenced by or against the society by its new name.