Bare ActsThe JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989

Section 8A

Conversion

Amendment status not verified — confirm the current text below against the official source.

1 [8A. Conversion. (1)A Co-operative Credit Structure Society registered under this Act shall be eligible to become a member of a Central Level Co-operative registered under the provisions of the Jammu and Kashmir Self-Reliant Co-operatives Act, 1999. (2) A Co-operative registered under Jammu and Kashmir Self-Reliant Cooperatives Act, 1999 may become the member of the Co-operative Federation registered under this Act. (3) A Co-operative Credit Structure Society may affiliate with, or disaffiliate from, a Co-operative Federation of its choice keeping in view the financial position of the Co-operative Federation : Provided that before disaffiliation, the Co-operative or the Society shall discharge its financial liability, if any, to the Society from which it is disaffiliating.]

Section 8A – The JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989 | DailyLaw.ai