Amendment status not verified — confirm the current text below against the official source.
Came into force on 1st August, 1964. Definitions. Short title, extent and commencement. 2 [Act No.7 of 1964] direction and control of the management of the affairs of a Society is entrusted to; (c) ‗Co-operative year / Financial Year‘ means, the period commencing on the 1st day of April of every year and ending with the 31st day of March of the succeeding year;] (d) ‗dividend‘ means a share of the profits of a society divided among its members in proportion to the share capital held by each of them; (e) ‗federal society‘ means a society to which similar class of societies are affiliated; 4[(e-i) ‗multi-state cooperative society‘ means a society with objects not confined to one State and registered or deemed to be registered under any law for the time being in force relating to such Co-operatives;] 5[(f) ‗financing bank‘ means a society, the main object of which is to assist any affiliated or other society by giving loans or advancing moneys; and includes any scheduled bank as defined in the Reserve Bank of India Act, 1934 and such other body corporate or financial institution as may be notified by the Government, from time to time, which gives financial or other aid to a society;] (g) ‗general body‘ in relation to any society means all the members of the society; (h) ‗general meeting‘ means a meeting of the general body of a society; (i) ‗Government‘ means the State Government;