Amendment status not verified — confirm the current text below against the official source.
Definitions In this Act, unless there is anything repugnant in the subject or context,- (a) "Administrative Council" means a body intermediary between a managing body and the General Assembly of a registered society; (b) "Affiliating Society" means the registered society of which a particular society is a member and "Affiliated Society" means the particular society which is a member of the affiliating society; (c) "Arbitrator” means a person appointed under the provisions of this Act to decide any dispute referred to him; (d) "Audit Officer" means a person appointed under the provisions of this Act to audit the accounts of a registered society; (e) “area of operation” means the area from which the membership is drawn; (f) "bye-Law" refers to the registered bye-laws of a Society for the time being in force and includes a registered amendments of bye-laws of a society; (g) “Board” means the Governing body of a co-operative society to which the management of the affairs of the co-operative society is entrusted under the bye-laws and includes Managing Committee of a co-operative Society (h) "Cooperative Year" means the period beginning and ending on such dates as may be fixed by the Registrar for the purpose of drawing up the Balance Sheets of registered societies and for all other purposes under this Act; THE ASS AM GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2012 371 (i) "Cooperative Demand Certificate" means a certificate as mentioned in subsection (4) of section 103 or sub section (1) of section 114; (j) “Co-operative Society” or “society" means a co-operative society registered under this Act and includes a society formed after amalgamation of such two or more societies or by division of an existing society; (jj) “Co-operative Bank” means a Co-operative Society registered under this Act carrying on the business of Banking as defined under section 5(b) of the Banking Regulation Act, 1949, which shall also include Central Co-operative Bank and a State Co-operative Bank as defined under clauses (d) and (u) of section 2 of the National Bank for Agriculture and Rural Development Act, 1981 and a Primary Co-operative Society carrying on the business of Banking;” .Act No. 10 of 1949 Act No. 61 of 1981 (k) “Co-operative” where used as a noun means an autonomous association of persons united voluntarily to meet their common socio-economic need through a jointly owned and democratically controlled enterprise formed on co-operative principles and registered under this Act; (l) “Chief Executive" means the individual, in paid or honorary capacity, nominated or elected or appointed by the Board from among members, Directors or others, in accordance with the bye laws of the society who shall perform such functions, and responsibilities and exercise such powers as specified in the Act, bye-laws and assigned by the Board: (m) “common need" means the economic and social need which is common to all who wish to form a cooperative society; (n) “Chief Auditor’ shall mean the senior most cooperative officer posted at the office of the Registrar; (o) “delegate" means a person elected by a group of individual members of a society to represent them in the genera! body of the cooperative society in accordance with the bye-laws of the society; (p) “Director" means the director of the Board which shall be construed as member in case of Managing Committee; (q) “Delegate General Body" in relating to a cooperative society means all its delegates; (r) "Delegate General Body Meeting" means a meeting of the delegates, called and conducted in accordance with the provisions of this Act and the bye-laws; (s) "employee" means a person, not being an office bearer employed by a registered society on a salary or similar form of remuneration other than advance patronage dividend or payment for goods sold to or through such society; (t) "family" means a person, his spouse, his children and parents dependent on him and jointly residing with him; (u) "General Assembly" in relation to a cooperative society means the highest authority of a registered society; (v) “General Meeting" means a meeting of the General Assembly called and conducted in accordance with the provisions of this Act and the bye-laws; (w) "member" means a person who is admitted as a member of the cooperative society in accordance with the provisions of this Act and bye-laws of the society and shall include a co-operative self help group and an institution, 372 THE ASSAM GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2012 (x) “office bearer" means a member duly elected by the appropriate body of a registered society according to its bye-laws to any office of such society, including the office of President, Chairman, Vice- President, Vice-Chairman, Secretary, Managing Director & Treasurer; Provided that any officer appointed or nominated by the State Government to hold charge of any office of a registered society shall be deemed to be an office bearer unless specifically stated to the contrary; (y) "Primary Cooperative Society" means a Cooperative Society whose membership is available only to individual and self help groups and voluntary institutions other than cooperative societies; (z) “patronage dividend” means the dividend paid to members in relation to their participation in the business of the society in accordance with the provisions of the bye-laws; (aa) “prescribed” means prescribed by rules made under this Act; _ (bb) "Registered Society" means a cooperative society registered under this Act and includes a society formed after amalgamation of such two or more societies or by division of such an existing / society; (cc) "Registrar" means the officer appointed by the State Government under section 3 to perform the duties of Registrar of Cooperative Societies under this Act; (dd) "rules" means rules made under this Act; (ee) "Secondary Cooperative Society or Federal Cooperative Society” means a cooperative society whose members are cooperative societies as well as individuals; (ff) “surplus" means the excess of income over expenditure of a cooperative society arrived at the end of a financial year after the payment of interest, if any, on share capital and before the payment of surplus refund and allocation of reserves and other funds; (gg) "self help group (SHG)” means a homogeneous group of persons voluntarily formed to save small amounts of their earnings and also to raise loans to be lent to its members on terms, as mutually * agreed upon; (hh) "services" means the main services provided to members, through which a co-operative society intends to meet the need common to all members for the fulfillment of which the co-operative society was formed; (ii) “Schedule” means the schedule appended to this Act; THE REGISTRAR CHAPTER-II REGISTRATION OF SOCIETIES (1) The State Government may appoint an officer to be the Registrar of Cooperative Societies for the State or any portion of it for the registration, supervisions, assistance, counsel and for the all-round development of the Cooperative movement in the State with such other powers and responsibilities as may be provided under this Act or rules or bye-laws framed thereunder. THE ASSAM GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2012 373 SOCIETIES WHICH MAY BE REGISTERED (2) The State Government may also appoint any other person or persons to assist the Registrar and may by general or special order in writing delegate to any such person or persons all or any of the powers and responsibilities of the Registrar under this Act.