Amendment status not verified — confirm the current text below against the official source.
Classification and sub-classification of societies.— (1) After registration of a society, the Registrar shall classify the society into one or other of the following classes and sub-classes of societies prescribed below according to the principal object provided in the bye-laws – Class Sub-class Examples of societies falling in the class of sub-class, as the case may be. 1 2 3 1 Agriculture society 1A Crop protection society 1B Lift Irrigation society 2 Consumers society 3 Co-operative Bank 3A 4 Farming Society 5 Housing society 6 Processing Societies (a) Marketing Society (b) Other Agricultural Societies (a) Central Bank (a) Collective Farming Society (b) Joint Farming Society (c) Dairy Farming Society (a) Tenant Ownership Housing Housing Society. (b) Tenant Co-partnership Housing Society. (c) Other Housing Society (a) Agricultural Processing Society. (b) Industrial Processing Society All purchase and sale Union and Marketing societies of Agricultural Product. Dairy and cattle Breading Societies. Stores and canteens District Central Banks Land Development Banks having in their bye-laws to Advance loans to Co-operative Societies. Farming societies where major Area of lands is acquired from Outside agency for cultivation By members. Societies where the major area of land brought together for cultivation is held by members. Farming Societies undertaking Dairy activities compliantly to their able farming activities or vice versa. Housing Societies where land is Held either on lease hold or free-Hold basis by societies and houses are owned or are to be owned by members Housing societies which hold Both land and building either on Lease hold or free-hold basis And allot them to their members. Housing Mortgage societies and House Construction societies. Societies which process agricultural produce like Co- operative Sugar Factories and Oil Mills. Wool processing and Tanners Societies. 7 Producers Society. 8 Resource Society 9 General Society (a) Industrial Producers Society (b) Laborers Industrial Society (a) Credit Resource society. (b) Non-Credit Resource Soc. (c) Service Resource Societies (a) Social (b) Commercial (c) Other Weavers and carpenters soc. Forest Laborers Societies and Labour Contract Societies. Agricultural Credit thrift, Urban Credit and Salary earners Soc. Seeds and implements and Agricultural Requisites Societies. Service Co-operative and Multi- Purpose Co-operative societies. Better Living Societies and Education societies. Insurance and Motor Transport Societies. Not falling in either of the above Sub-classes. (2) If the Registrar alters the classification of a society from one class of society to another, or from one sub-class thereof to another, he shall issue to the society a copy of his order as in the case of an amendment of the bye-laws.