Amendment status not verified — confirm the current text below against the official source.
(1) A Co-operative Society may subject to the provisions of sub-section (2) be registered with or without limited liability. (2) Unless the Government by general or special order otherwise directs :— (a) a Co-operative Society shall be registered with limited liability if any of its members is another Co-operative Society ; (b) whether the liability of the members of a Co-operative Society is unlimited or limited by shares, the liability of the Government which has taken shares in Co-operative Society shall be limited to the share capital subscribed by the Government. (3) The word ‘limited’ shall be the last word in the name of every Society with limited liability registered under this Act.