The Multi-State Co-operative Societies Act, 2002
Central · 2002
- S. 1Short title, extent and commencement.
- S. 2Application.
- S. 3Definitions.
- S. 4Central Registrar.
- S. 5Multi-State co-operative societies which may be registered.
- S. 6Application for registration.
- S. 7Registration.
- S. 8Registration certificate.
- S. 9Multi-State co-operative society to be body corporate.
- S. 10Bye-laws of multi-State co-operative societies.
- S. 11Amendment of bye-laws of a multi-State co-operative society.
- S. 12When amendment of bye-laws comes into force.
- S. 13Change of name.
- S. 14Address.
- S. 15Publication of name by multi-State co-operative society.
- S. 16Liability.
- S. 17Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies.
- S. 18Central Registrar to prepare scheme of amalgamation or reorganisation of a co-operative bank in certain cases.
- S. 19Promotion of subsidiary institution.
- S. 20Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation.
- S. 21Cancellation of registration certificate of multi-State co-operative societies in certain cases.
- S. 22Conversion of a co-operative society into a multi-State co-operative society.
- S. 23Registration of federal co-operative.
- S. 24Functions of federal co-operative.
- S. 25Persons who may become members.
- S. 26Nominal or associate member of society.
- S. 27Educational course for members.
- S. 28Members not to exercise rights till due payment made.
- S. 29Disqualification for member of a multi-State co-operative society.
- S. 30Expulsion of members.
- S. 31Vote of members.
- S. 32Manner of exercising vote.
- S. 33Restriction on holding of shares.
- S. 34Restriction on transfer of shares or interest.
- S. 35Redemption of shares.
- S. 36Transfer of interest on death of members.
- S. 37Liabilities of past member and estate of deceased member.
- S. 38Constitution, powers and functions of general body.
- S. 39Annual general meeting of general body.
- S. 40Special general meeting of general body.
- S. 41Board of directors.
- S. 42Association of employees in management decision making process.
- S. 43Disqualifications for being a member of board.
- S. 44Prohibition to hold office of chairperson or president or vice-chairperson or vice-president in certain cases.
- S. 45Establishment of Co-operative Election Authority.
Chapter CHAPTER V
- S. 45APower of Chairperson.
- S. 45BRemoval and suspension of Chairperson, Vice Chairperson and Members.
- S. 45CDisclosure and declaration of interest.
- S. 45DResignation of Members.
- S. 45EFilling of casual vacancy.
- S. 45FRestriction of reemployment.
- S. 45GVacancies, etc., not to invalidate proceedings of Authority.
- S. 45HMeetings of Authority.
- S. 45JElections of members of board.
- S. 45KAppointment of Returning Officer and other officers.
- S. 45LPower to issue directions.
- S. 46Holding of office in co-operative society.
- S. 47Removal of elected members by general body.
- S. 48Nominee of Central Government or State Government on board.
- S. 49Powers and functions of board.
- S. 50Meeting of board.
- S. 51Chief Executive.
- S. 52Powers and functions of Chief Executive.
- S. 53Committees of board.
- S. 54Securing possession of records, etc.
- S. 55Charge and set-off in respect of share or contribution or interest of members.
- S. 56Share or contribution or interest not liable to attachment.
- S. 57Register of members.
- S. 58Admissibility of copy of entry as evidence.
- S. 59Exemption from compulsory registration of instruments.
- S. 60Deduction from salary to meet multi-State co-operative society’s claim in certain cases.
- S. 61Government aid to multi-State co-operative societies.
- S. 62Funds not to be divided by way of profit.
- S. 63Disposal of net profits.
- S. 63AEstablishment of Co-operative Rehabilitation, Reconstruction and Development Fund.
- S. 63BRehabilitation and reconstruction of sick societies.
- S. 63CFinancial assistance to multi-State co-operative societies for development.
- S. 64Investment of funds.
- S. 65Restriction on contribution.
- S. 66Restriction on loans.
- S. 67Restrictions on borrowings.
- S. 68Restriction on other transactions with non-members.
- S. 69Contributory provident fund.
- S. 70Appointment and remuneration of auditors.
- S. 70AConcurrent Audit.
- S. 71Provision as to resolutions for appointing or removing auditors.
- S. 72Qualifications disqualifications of auditors.
- S. 73Powers and duties of auditors.
- S. 74Signature of audit report, etc.
- S. 75Reading and inspection of auditor’s report.
- S. 76Right of auditor to attend general meeting.
- S. 77Power of Central Government to direct special audit in certain cases.
- S. 78Inquiry by Central Registrar.
- S. 79Inspection of multi-State co-operative societies.
- S. 80Inspection of books of indebted multi-State co-operative societies.
- S. 81Costs of inquiry and inspection.
- S. 82Recovery of costs.
- S. 83Repayment, etc.
- S. 84Reference of disputes.
- S. 85Limitation.
- S. 85ACo-operative Ombudsman.
- S. 86Winding up of multi-State co-operative societies.
- S. 87Winding up of co-operative bank at the direction of Reserve Bank.
- S. 88Reimbursement to the Deposit Insurance Corporation by liquidator.
- S. 89Liquidator.
- S. 90Powers of liquidator.
- S. 91Disposal of surplus assets.
- S. 92Priority of contributions assessed by liquidator.
- S. 93Power of Central Registrar to cancel registration of a multi-State co-operative society.
- S. 94Execution of decisions, etc.
- S. 95Execution of orders of liquidators.
- S. 96Attachment before award.
- S. 97Central Registrar or arbitrator or person authorised to be civil court for certain purposes.
- S. 98Recovery of sums due to Government.
- S. 98AReview of decision.
- S. 99Appeals.
- S. 100No appeal in certain cases.
- S. 101Review.
- S. 102Interlocutory orders.
- S. 103Co-operative societies functioning immediately before reorganisation of States.
- S. 104Offences and penalties.
- S. 105Cognizance of offences.
- S. 105AProvisions of this Act not in derogation of any other law.
- S. 106Appointment of Co-operative Information Officer.
- S. 106ACopy of rules and bye-laws, etc., for inspection.
- S. 107Place of keeping and inspection of, registers and returns.
- S. 108Inspection of books of account, etc., of multi-State co-operative society.
- S. 109Annual accounts and balance-sheet.
- S. 110Minutes of proceedings of general meetings and of board and other meetings.
- S. 111Minutes to be evidence.
- S. 112Presumptions to be drawn where minutes duly drawn and signed.
- S. 113Inspection of minutes book of general meetings.
- S. 114Liquidator to be public servant.
- S. 115Notice necessary in suits.
- S. 116Power to amend Schedule.
- S. 117Bar of jurisdiction of courts.
- S. 118Indemnity.
- S. 119Opening of branches.
- S. 120Filing of returns.
- S. 120AFiling of applications, documents, inspections, etc., in electronic form.
- S. 120BApplication of Banking Regulation Act, 1949.
- S. 121Certain Acts not to apply.
- S. 122Central Government’s power to give directions to specified multi-State co-operative societies in public interest.
- S. 123Supersession of board of specified multi-State co-operative society.
- S. 124Power to make rules.
- S. 125Power to remove difficulties.
- S. 126Repeal and saving.