Amendment status not verified — confirm the current text below against the official source.
Co-operative Societies to be bodies corporate :– A Co-operative Society registered under this Act shall be a body corporate by the name under which it is registered having perpetual succession and a common seal and with power to 2[acquire and hold property and to dispose in the manner prescribed of its property,] enter into contracts, institute and defend suits and other legal proceedings and to do all things necessary for the purpose for which it was constituted.]