The KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.
karnataka · 1959
- S. 1Inserted by Act, 35 of 2014 w
- S. 2—
- S. 2ARegistrar, Additional Registrars, Joint Registrars, Deputy Registrars, State Representatives and Assistant Regist
- S. 2BOmitted
- S. 3Substituted by Act 6 of 2010 w
- S. 4Omitted by Act, 3 of 2013 w
- S. 5Inserted by Act,7 of 2017 w
- S. 6Application for registration of co-operative societies
- S. 7Registration
- S. 8Registration certificate
- S. 9Co-operative societies to be bodies corporate
- S. 10Change of name of co-operative society
- S. 11Change of liability
- S. 11ABye-laws
- S. 12Amendment of bye-laws of a co-operative society
- S. 13When amendments of bye-laws come into force
- S. 14Amalgamation, transfer of assets and liabilities and division of co-operative societies
- S. 14BRegistrar to prepare scheme for amalgamation of co-operative banks in certain areas
- S. 14CLiability of co-operative bank to the Deposit Insurance Corporation
- S. 15Cancellation of registration certificates of co-operative societies in certain cases
- S. 16Persons who may become members
- S. 17Disqualification for membership
- S. 18Nominal or associate members
- S. 19Member not to exercise rights till due payment made
- S. 20Votes of members
- S. 21Manner of exercising vote
- S. 22Omitted
- S. 23Restrictions on transfers of shares or interest
- S. 23ARefund of value of share
- S. 24Transfer of interest on death of member
- S. 25Liability of past member and estate of deceased member
- S. 26Final authority in a co-operative society
- S. 26APartnership of Co-operative Societies
- S. 26BCollaboration by Co-operative Societies
- S. 27Annual General Meeting
- S. 27BReturns to be filed with the Registrar
- S. 28Special general meeting
- S. 28AManagement of co-operative societies vest in the *board*
- S. 28B*board* to arrange for election
- S. 28D—
- S. 291 [XXX] 1 1
- S. 29ACommencement of term of office
- S. 29B—
- S. 29CDisqualification for membership of the *board*
- S. 29DOmitted
- S. 29EFilling up of casual vacancy in the office of members of the *board*
- S. 29FElection of President, Chairperson, Vice-President, or Vice- Chairperson, etc
- S. 29GAppointment of Chief Executive
- S. 30Supersession or suspension of the board
- S. 30AOmitted
- S. 30BPowers to give direction in public interest
- S. 31Appointment of Special Officer
- S. 31ADelivery of possession of records and properties of the co- operative societies
- S. 32First charge of co-operative society on certain assets
- S. 33Charge on land, owned by members or held as tenants by members borrowing loans from certain co-operative societies
- S. 34Deduction from salary to meet society's claim in certain cases
- S. 35Charge and set off in respect of shares or interest of members in the capital of a co-operative society
- S. 36Power to remove difficulty
- S. 37Repeal and Savings
- S. 38Exemption from compulsory registration of instruments
- S. 39Registration of documents executed on behalf of co-operative societies
- S. 39ACHAPTER VA ELECTION OF MEMBERS OF THE *BOARD*S OF CO-OPERATIVE SOCIETIES
- S. 39BCost of conducting elections
- S. 39CCorrupt practices
- S. 39DMaintenance of secrecy of voting
- S. 39EOfficers etc
- S. 39FProhibition of canvassing in or near polling station
- S. 39GPenalty for disorderly conduct in or near poling station
- S. 39HPenalty for misconduct at the polling station
- S. 39IBreaches of official duty in connection with election
- S. 39JRemoval of ballot papers from polling station to be an offence
- S. 39KOther offences and penalties
- S. 40Promotion of co-operative movement
- S. 41Direct partnership of State Government in co-operative societies
- S. 42Indirect partnership of State Government in co-operative societies
- S. 43Principal State Partnership Fund
- S. 44Subsidiary State Partnership Fund
- S. 45Approval of State Government for purchase of shares
- S. 46Liability to be limited in respect of certain shares
- S. 47Restriction on amount of dividend
- S. 48Indemnity of apex and central societies
- S. 49Disposal of share capital and dividend, etc
- S. 50—
- S. 51Principal State Partnership Fund and Subsidiary State Partnership Fund not to form part of assets
- S. 52Agreement by State Government and apex societies
- S. 53Other forms of State aid to co-operative societies
- S. 53A—
- S. 54Power to remove difficulties
- S. 55Provisions of this Chapter to override other laws
- S. 56Mobilisation of Funds
- S. 57Net profits and their disposal
- S. 58Investment of funds
- S. 59Restrictions on borrowings
- S. 60Restrictions on loans
- S. 61Restrictions on other transactions with non-members
- S. 62Provident Fund
- S. 63Audit
- S. 64Inquiry by Registrar
- S. 65Inspection of books of a co-operative society
- S. 65AReport of inquiry, inspection and final report to be made available to a credit agency
- S. 65BInspection of books of co-operative society by a credit agency
- S. 66Power to seize books and property
- S. 67Costs of Inquiry
- S. 68Order by the Registrar
- S. 69Surcharge
- S. 70Disputes which may be referred to Registrar for decision
- S. 70APeriod of limitation
- S. 71Disposal of disputes
- S. 71A—
- S. 71B—
- S. 72Winding up of co-operative societies
- S. 72AWinding up of a co-operative bank if so, required by the Reserve Bank
- S. 72BReimbursement to the Deposit Insurance Corporation by the Liquidators
- S. 73Liquidator
- S. 74Powers of Liquidator
- S. 75Cancellation of registration of a co-operative society
- S. 76Definitions
- S. 76AApplication of Chapter to Agriculture and Rural Development Banks
- S. 76BState and other 1 [Agriculture and Rural Development Banks] 1
- S. 77Appointment of Trustee and his powers and functions
- S. 78Trustee to be a corporation sole
- S. 79Issue of debentures
- S. 80Charge of debenture holders on certain properties
- S. 81Guarantee by State Government of principal of, and interest on, debentures
- S. 82Other guarantees by State Government
- S. 82APowers of Agriculture and Rural Development Banks to advance loans and to hold lands
- S. 82BMode of dealing with applications for loans
- S. 82COrder granting loan conclusive of certain matters
- S. 83Priority of mortgage over certain claims
- S. 84—
- S. 85—
- S. 85ARegistration of mortgage or lease in favour of Agriculture and Rural Development Banks
- S. 86Power of 1 [Agriculture and Rural Development Bank] 1 to receive moneys and grant discharges
- S. 86ARecovery of Loans by development banks
- S. 87Right of 1 [Agriculture and Rural Development Bank] 1 to pay prior debts of mortgagor
- S. 87AMortgages executed by managers of joint Hindu families
- S. 87BRestrictions on lease
- S. 88Distraint - When to be made
- S. 89Power of sale when to be exercised
- S. 89AConfirmation of sale
- S. 89BDisposal of sale-proceeds
- S. 89CCertificate to purchase, delivery of property and title of purchaser
- S. 89DRecovery of loans on certificate by Registrar
- S. 89EDeputy Commissioner to make recoveries during a certain period
- S. 89FOfficers of banks not to bid at sales
- S. 89GSection 40 of Bombay Act 28 of 1947 not to apply to alienation in favour of Land Development Banks
- S. 89HProvision for Guarantee Funds to meet certain losses
- S. 90Powers of 1 [Agriculture and Rural Development Bank] 1 where mortgaged property is destroyed or security becomes insu
- S. 91Power of Board or of Trustee to distrain and sell property, etc
- S. 92Title of purchaser not to be questioned on the ground of irregularity, etc
- S. 93Mortgage not to be questioned on insolvency of mortgagor
- S. 94Appointment of receiver and his powers
- S. 95Mortgagor's powers to lease
- S. 96Delegation of certain powers by Board
- S. 97Sections 102, 103 and 104 of the Transfer of Property Act, 1882, to apply to notices under this Chapter
- S. 98—
- S. 98AApplication of this Chapter
- S. 98BOverriding effect of Chapter XIA
- S. 98CApproval of bye-laws
- S. 98EFreedom in all financial and internal administrative matters
- S. 98FLimit on State Government's subscription
- S. 98GRestriction on number of Government Nominees
- S. 98HFreedom for affiliation or disaffiliation with a federal society
- S. 98IRestriction regarding area of operation
- S. 98JFreedom of investment and deposit
- S. 98KFreedom of borrowings
- S. 98LGuidelines for payment of dividend
- S. 98MContribution to any fund
- S. 98NDisqualification of members of the *board* of Co-operative Credit Structure
- S. 98OApplicability of Section 20 and Section 29C to the election of a new *board*
- S. 98P—
- S. 98QElections
- S. 98RThe Prudential norms
- S. 98SRemoval of Directors and Chief Executive Officers
- S. 98UAudit of accounts
- S. 98VSpecial audit of Co-operative Credit Structure
- S. 98WRestriction for using the word 'Bank'
- S. 98XImplementation of regulatory prescriptions of Reserve Bank
- S. 99Enforcement of charge
- S. 100Recovery of moneys due to Societies
- S. 101Execution of orders, etc
- S. 101ATransfer of property made after issue of certificate void against co- operative society
- S. 101BTransfer of property which cannot be sold
- S. 101C—
- S. 102Registrar or person empowered by him to be a civil court for certain purposes
- S. 103Attachment of property before award or order
- S. 104Recovery of sums due to Government
- S. 104AApplication of this Chapter to Co-operative Societies in other States
- S. 105Appeals to the Tribunal
- S. 105AAppeals relating to admission of members to societies
- S. 106Appeals to other authorities
- S. 107Revision by Tribunal
- S. 108Powers of revision of State Government
- S. 108ANo appeal or revision in certain cases
- S. 109Offences
- S. 110Offences by Companies
- S. 110APower to compound offences
- S. 111Cognizance of offences
- S. 111AOmitted
- S. 111BPreservation of records
- S. 112Prohibition against the use of the word "Co-operative"
- S. 113Address of a co-operative society
- S. 114Copy of Act, rules and bye-laws to be open to inspection
- S. 115Omitted
- S. 116Orders to be pronounced
- S. 117—
- S. 118Bar of jurisdiction of courts
- S. 119Application of Limitation Act
- S. 120Power to exempt societies from conditions of registration
- S. 121Power to exempt societies
- S. 122Register of Members
- S. 123Proof of entries in co-operative societies, books
- S. 124Service of notice under the Act
- S. 125Notice necessary in suits
- S. 126Acts of co-operative societies not to be invalidated by certain defects
- S. 126AOmitted
- S. 127Indemnity
- S. 127AOffice bearers, members and employees of co-operative societies to be public servants
- S. 128Companies Act, 1956, not to apply
- S. 128AConstitution of a common cadre
- S. 128BDuties of police officer
- S. 129Powers to make rules
- S. 129AModel bye-laws
- S. 130Rules and orders to be laid before State Legislature
- S. 131Repeal and savings
- S. 132Power to remove difficulties
- S. 1959—
- S. 2010—