Amendment status not verified — confirm the current text below against the official source.
Definitions.—In this Act, unless the context otherwise requires,— 2[(a) “Apex Co-operative Bank” means a Co-operative Federation at State level engaged in business of banking]. 2[(aa)] “Board” means governing body of a Co-operative Society to which the direction and control of the management of the affairs of the Society is entrusted. (b) “Bye-laws” means the bye-laws for the time being in force which have been registered under this act and includes amendments thereto which have been duly registered under this Act. 3[(bb)“Central Co-operative Bank” means a central society engaged in business of banking. 48 CO-OPERATIVE SOCITIES ACT, 1989. (bba) “Chartered Accountant” means a member of the Institute of Chartered Accountants of India within the meaning of Chartered Accountants Act, 1949 (38 of 1949) ]. (c) “Chief Executive” means the Chief Executive of State Level Federation Central Societies or Primary Societies by whatever designation called who shall also be a member of the Board and other committees constituted by the Board. (d) “Committee” means the governing body of a Co-operative Society to whom the management of its affairs is entrusted. (e) “Co-operative Bank” means Co-operative Society which undertakes banking business. 1[(ee) “Co-operative Credit Structure Society” includes the Apex Co- operative Bank, a Central Co-operative Bank and a Primary Agricultural Credit Society.] (f) “Co-operative Federations” at— (i) “District level” means a Federation of Co-operative Societies to which primaries as well as block level Societies are affiliated. (ii) “Divisional level” means Co-operative Societies to which block level/primary level/district level Societies are affiliated. (iii) “State level” means a Co-operative Society at Apex level to which divisional level/district level/primary level Co-operative Societies are affiliated. (g) “Co-operative Society” means a Society registered or deemed to be registered under this Act. (h) “Co-operative year” in relation to any Co-operative Society or class of such Societies means the year ending 31st day of March and where the accounts of such Society or class of such Societies are, with the previous sanction of the Registrar, Co-operative Societies, balanced on any other day, the year ending on such day. (i) “Co-operative Society with unlimited liability” means a Co-operative Society, the members of which are, in the event of its being wound up, jointly and severally liable for and in respect of all its obligations and to contribute to any deficit in the assets of the Society. (j) “Co-operative Society with limited liability” means a Co-operative