Amendment status not verified — confirm the current text below against the official source.
(1) The Bengal Co-operative Societies Act, 1940, is hereby repealed. (2) Notwithstanding such repeal, anything done or suffered or any action taken (including any rule made, any transaction entered into, notification and notice issued with prospective and retrospective effect, order passed, appointment and registration made, suit and proceeding commenced, dispute decided or referred to arbitration, right or title accrued, or liability or obligation or penalty incurred) under the 2 of 1912. Co-operative Societies Act, 1912 or under the Bengal Co-operative Societies Act, 1940, shall, in so far as they are consistent with this Act, be deemed to have been done or taken under this Act, as if the provisions of this Act were in force at all material times when such thing was done or suffered or such action was taken. (3) Every society existing at the commecement of this Act which has been registered or deemed to have been registered under the Co- operative Societies Act, 1912 or under the Bengal Co-operative Societies Act, 1940, shall be deemed to be registered under this Act; and its by- laws shall in so far as they are not inconsistent with the provisions of this Act, continue in force until altered or rescinded and shall to such extent be deemed to be registered under this Act.