Co-operative Societies Act, 1912

Bare Act · 1912

An Act to amend the Law relating to Co-operative Societies.

Act number: 2 of 1912
Enacted: 1 March 1912
Contents: 50 sections · 9 chapters

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Contents

Preliminary

Registration

Rights And Liabilities Of Members

Section 12 – Member not to exercise rights till due payment made (preview)
Section 13 – Votes of members (preview)
Section 14 – Restrictions on transfer of share or interest (preview)

Duties Of Registered Societies

Section 15 – Address of societies (preview)
Section 16 – Copy of Act, rules and by-laws to be open to inspection (preview)
Section 17 – Audit (preview)

Privileges Of Registered Societies

Section 18 – Societies to be bodies corporate (preview)
Section 19 – Prior claim of society (preview)
Section 20 – Charge and set-off in respect of shares or interest of member (preview)
Section 21 – Shares or interest not liable to attachment (preview)
Section 22 – Transfer of interest on death of member (preview)
Section 23 – Liability of past member (preview)
Section 24 – Liability of the estates of deceased members (preview)
Section 25 – Register of members (preview)
Section 26 – Proof of entries in societies’ books (preview)
Section 27 – Exemption from compulsory registration of instruments relating to shares and debentures of registered society (preview)
Section 28 – Power to exempt from income-tax, stamp-duty and registration fees (preview)

Property And Funds Of Registered Societies

Section 29 – Restrictions on loans (preview)
Section 30 – Restrictions on borrowing (preview)
Section 31 – Restrictions on other transactions with non-members (preview)
Section 32 – Investment of funds (preview)
Section 33 – Funds not to be divided by way of profit (preview)
Section 34 – Contribution to charitable purpose (preview)

Inspection Of Affairs

Section 35 – Inquiry by Registrar (preview)
Section 36 – Inspection of books of indebted society (preview)
Section 37 – Costs of inquiry (preview)
Section 38 – Recovery of costs (preview)
Section 39 – Dissolution (preview)
Section 40 – Cancellation of registration of society (preview)
Section 41 – Effect of cancellation of registration (preview)
Section 42 – Winding-up (preview)

Rules

Section 43 – Rules (preview)

Miscellaneous

Section 44 – Recovery of sums due to Government (preview)
Section 45 – Power to exempt societies from conditions as to registration (preview)
Section 46 – Power to exempt registered societies from provisions of the Act (preview)
Section 47 – Prohibition of the use of the word “co-operative” (preview)
Section 48 – Indian Companies Act, 1882, not to apply (preview)
Section 49 – Saving of existing societies (preview)
Section 50 – [Repealed.] (preview)