The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)
meghalaya · 2015
- S. 1Short title,extent and commencement
- S. 2Definitions
- S. 3The Registrar.
- S. 4Co-operative Societies which may be registered.
- S. 5Age, qualification of a member.
- S. 6Conditions of registration.
- S. 7Restrictions on acquisition of Share in a Cooperative Society.
- S. 8Power of Registrar to decide certain questions.
- S. 9Liability.
- S. 10Application for Registration.
- S. 11Registration
- S. 12Evidence of registration.
- S. 13Amendment of the Bye-laws of a registered cooperative society.
- S. 14Power of Registrar or affiliating cooperative society to direct amendment of bye-laws or adoption of rules of procedure.
- S. 15Division and amalgamation of co-operative societies.
- S. 16Members not to exercise rights till due payment made and conditions fulfilled
- S. 17Vote of members.
- S. 18Loan to be utilized for the purpose for which advanced.
- S. 19Restriction on transfer of share or interest.
- S. 20Liability of past member and his estate.
- S. 21Share or interest not liable to attachment.
- S. 22Nomination of transferee
- S. 23Transfer of interest on death of members.
- S. 24Disposal of Shares or interest of ceased members.
- S. 25Liability of members on winding up of Co-operative Society with limited Liability.
- S. 26Restriction on Transfer of Possession of Land held Under a Cooperative Society.
- S. 27Right of a registered Cooperative Society to pay prior Debts of a mortgagor.
- S. 28Restriction on Mortgaged Property.
- S. 29Bar to certain claim.
- S. 30General Assembly
- S. 31Annual Meeting of General Assembly
- S. 32Special Meeting of the General Assembly
- S. 33Administrative Council
- S. 34Power to depute Government servant to manage the affairs of a Cooperative Society.
- S. 35Dissolution or reconstruction of Board of Directors , the Administrative Council, Managing Body or any Committee of a Co-operative Society.
- S. 36Dissolution of the Board of Directors / Administrative Council, Managing Body and appointment of persons to manage the affairs of a Cooperative Society.
- S. 37Tenure of office of the person appointed under section 36.
- S. 38Powers of person appointed under section 36.
- S. 39Address of Cooperative society
- S. 40Prescription and inspection of documents.
- S. 41Borrowing subject to approval of the Registrar.
- S. 42Participation of members in the affairs of the Cooperative Society.
- S. 43Training or Education of members of Cooperative Society.
- S. 44Power of Government to give financial assistance.
- S. 45Restrictions on loans
- S. 46Cooperative Society and office bearers to submit Returns or informations and produce documents
- S. 47Prior Claim of a Cooperative Society
- S. 48Charge and set off in respect of shares or interest of members.
- S. 49Deduction of dues from salary.
- S. 50Exemption from compulsory registration and personal attendance from registration of instruments.
- S. 51Power to remit certain duties, fees etc.
- S. 52Investment of Funds
- S. 53Reserve Fund
- S. 54Distribution of Net Profit
- S. 55Audit of Accounts of Cooperative societies.
- S. 56Power of the Registrar to have the Accounts written up.
- S. 57Nature of Audit.
- S. 58Audit Report
- S. 59Audit report
- S. 60Rectification of defects.
- S. 61Inquiry by Registrar.
- S. 62Inspection of a Cooperative Society.
- S. 63Cost of Inquiry, Inspection and Recovery of costs.
- S. 64Reference of dispute.
- S. 65Settlement of dispute
- S. 66Cancellation of Registration
- S. 67Winding up
- S. 68Distribution of fund of a dissolved Cooperative Society.
- S. 69Liquidator to deposit the books and submit a final report.
- S. 70Bar of Suit
- S. 71Insured Cooperative Banks.
- S. 72Power of Registrar to direct payment of dues.
- S. 73Charge and surcharge
- S. 74Prohibition of the use of the word “Co operative”.
- S. 75Punishment for false return , false information, disobeying summons order etc.
- S. 76Punishment for disposing property in contravention of section 47.
- S. 77Penalty for certain misdemeanors.
- S. 78Power to enforce performance of obligation.
- S. 79Cognizance of offences.
- S. 80Indemnity
- S. 81Bar to Jurisdiction of courts.
- S. 82Appeal or review.
- S. 83Power of Attachment of property.
- S. 84Registrar to be Civil Court for certain purposes.
- S. 85Recovery of sums due.
- S. 86Registrar may order a meeting of Creditors.
- S. 111Co-operative Society to fee a body Corporate.
- S. 112Register of members*
- S. 113Entries in books of registered co-operative society shall be received as prima facie evidence.
- S. 114Savings of Existing Cooperative Societies.
- S. 115Construction of reference to Act II of 1912.
- S. 116Act VII o f 1913 not to apply.
- S. 117Acts of co-operative societies etc, not to be invalidated by certain defects.
- S. 118Power to exempt co-operative societies from provision of the Act.
- S. 119Rules and bye laws not to be deemed to go beyond the Act.
- S. 120Power to exempt co-operative societies from conditions as to registration.
- S. 121Power to order recoupment of expenditures.
- S. 122Power to seize records of co-operative society.
- S. 123Power of the Managing body of an affiliating co-operative society to enquire into the affairs of a member cooperative society.
- S. 124Limitation.
- S. 125Power to exempt cooperative societies from the operation of the Money Lender Act.
- S. 126Powers to make rules.
- S. 127Repeal and Savings