Rajasthan Co-operative Societies Act, 2001

Bare Act · 2001

Act number: 16 of 2002
Enacted: 11 November 2002
Contents: 127 sections

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Section 1 – Short title, commencement and extent
Section 2 – Definitions
Section 3 – Promotion of Co-operative movement
Section 4 – Registrar
Section 5 – Application for registration of co-operative societies
Section 6 – Registration (preview)
Section 7 – Co-operative Societies to be bodies corporate - (preview)
Section 8 – Bye-laws (preview)
Section 9 – Change of name of co-operative society (preview)
Section 10 – Amendment of bye-laws (preview)
Section 11 – Proposal by Registrar for amendment in the bye-laws (preview)
Section 12 – Transfer of assets and liabilities, division and amalgamation of co-operative societies (preview)
Section 13 – Proposal by Registrar for amalgamation, division and reorganisation in public interest etc (preview)
Section 14 – Cancellation of registration certificates of co-operative societies in certain cases - (preview)
Section 15 – Membership (preview)
Section 16 – Cessation of membership (preview)
Section 17 – Nominal and associate member (preview)
Section 18 – Member not to exercise rights till due payment made (preview)
Section 19 – Votes of members (preview)
Section 20 – Manner of exercising votes (preview)
Section 21 – Restriction on holding of shares (preview)
Section 22 – Transfer of interest on death of member (preview)
Section 23 – Liability of past member and estate of deceased member - (preview)
Section 24 – Final authority in a co-operative society - (preview)
Section 25 – Annual general meeting (preview)
Section 26 – Special general meetings (preview)
Section 27 – Appointment of committee - (preview)
Section 28 – Disqualification of membership etc. of committees (preview)
Section 29 – Nomination by the Government (preview)
Section 30 – Removal of Committee or Member thereof. - (preview)
Section 31 – Securing possession of records etc (preview)
Section 32 – Election of Co-operative Society (preview)
Section 33 – State Co-operative Election Authority and its function (preview)
Section 34 – Prelude to the elections (preview)
Section 35 – Election Officer (preview)
Section 36 – Election Expenditure (preview)
Section 37 – Power to issue instructions - (preview)
Section 38 – First charge of co-operative society on certain assets - (preview)
Section 39 – Charge on immovable property of members borrowing loans from certain societies (preview)
Section 40 – Vesting of lands in joint farming society and registration of agreement (preview)
Section 41 – Deduction from salary to meet society's claims in certain cases (preview)
Section 42 – Charge and set off in respect of shares or interest of members in the capital of a co-operative society (preview)
Section 43 – Exemption from certain taxes, fees and duties (preview)
Section 44 – Financial partnership or aid of the Government (preview)
Section 45 – Principal and Subsidiary State Partnership Funds (preview)
Section 46 – Indemnity of apex and central societies (preview)
Section 47 – Funds not to be divided (preview)
Section 48 – Disposal of net profits (preview)
Section 49 – Investment of funds (preview)
Section 50 – Restrictions on borrowings (preview)
Section 51 – Lending Policy (preview)
Section 52 – Restrictions on other transactions with non-members (preview)
Section 53 – Provident Fund (preview)
Section 54 – Accounts and Audit (preview)
Section 55 – Inquiry by Registrar. - (preview)
Section 56 – Inspection of books by financing bank (preview)
Section 57 – Surcharge (preview)
Section 58 – Disputes which may be referred to arbitration (preview)
Section 59 – Limitation (preview)
Section 60 – Reference of disputes to arbitration (preview)
Section 61 – Winding up of Co-operative Societies (preview)
Section 62 – Insured Co-operative Bank (preview)
Section 63 – Liquidator (preview)
Section 64 – Powers of Liquidator (preview)
Section 65 – Termination of winding up proceedings - (preview)
Section 66 – Disposal of surplus assets (preview)
Section 67 – Application of Chapter to Land Development Banks (preview)
Section 68 – State and Other Land Development Banks - (preview)
Section 69 – Appointment, powers and functions of trustee (preview)
Section 70 – Issue of debentures (preview)
Section 71 – Guarantee by State Government (preview)
Section 72 – Vesting of property in Trustee and debenture holder's charge on assets (preview)
Section 73 – Powers of Land Development Banks to advance loans and to hold lands (preview)
Section 74 – Mode of dealing with applications for loan (preview)
Section 75 – Order granting loan conclusive of certain matters (preview)
Section 76 – Priority of mortgage (preview)
Section 77 – Mortgages executed in favour of Land Development Banks to stand vested in State Land Development Bank - (preview)
Section 78 – Registration of mortgages and leases in favour of Land Development Banks - (preview)
Section 79 – Mortgages not to be questioned on insolvency of mortgagers - (preview)
Section 80 – Right of Land Development Banks to pay prior debts of mortgager (preview)
Section 81 – Mortgage executed by managers of Hindu joint families (preview)
Section 82 – Section 8 of the Central Act 32 of 1956 to apply to mortgages - (preview)
Section 83 – Restrictions on leases (preview)
Section 84 – Land Development Bank to receive money and give discharge - (preview)
Section 85 – Power of Land Development Banks where mortgaged property is destroyed or security becomes insufficient (preview)
Section 86 – Right of Land Development Bank to sell mortgaged property (preview)
Section 87 – Recovery of Loans by Land Development Banks (preview)
Section 88 – Power to distrain (preview)
Section 89 – Sale of mortgaged property (preview)
Section 90 – Confirmation of sale (preview)
Section 91 – Disposal of sale proceeds (preview)
Section 92 – Certificate to purchase, delivery of property, and title of purchases (preview)
Section 93 – Recovery of loans on certificate by Registrar - (preview)
Section 94 – Collector to make recoveries during certain period - (preview)
Section 95 – Officers of Bank not to bid at sales (preview)
Section 96 – Provision for Guarantee Funds to meet certain losses (preview)
Section 97 – Service of notice (preview)
Section 98 – Power of committee of State Land Development Bank to supervise Land Development Bank and make regulations (preview)
Section 99 – Enforcement of charge - (preview)
Section 100 – Execution of orders, etc (preview)
Section 101 – Attachment of property before award or order (preview)
Section 102 – Recovery of sums due to Government - (preview)
Section 103 – Transfer of property which cannot be sold (preview)
Section 104 – Appeal to the Registrar and the State Government (preview)
Section 105 – Constitution of and appeals to the Tribunal (preview)
Section 106 – Review of orders by Tribunal (preview)
Section 107 – Power of revision of the Government and the Registrar. - (preview)
Section 108 – Prohibition against misuse of the word 'Co-operative' (preview)
Section 109 – Offences and punishment - (preview)
Section 110 – Cognizance of offences (preview)
Section 111 – Co-operative education and training (preview)
Section 112 – Insolvency of members (preview)
Section 113 – Rights of members to see books, etc (preview)
Section 114 – Proof of entries in co-operative society's books (preview)
Section 115 – Powers of Civil Court (preview)
Section 116 – Registrar and other officers to be public servants (preview)
Section 117 – Bar of jurisdiction of Courts (preview)
Section 118 – Bar to Legal practitioner (preview)
Section 119 – Service of notice under the Act (preview)
Section 120 – Acts of co-operative societies not to be invalidated by certain defects - (preview)
Section 121 – Indemnity - (preview)
Section 122 – Certain Acts not to apply (preview)
Section 123 – Power to make rules (preview)
Section 124 – Branches etc. of society outside the State - (preview)
Section 125 – Power of Registrar to rescind certain resolutions (preview)
Section 126 – Power to remove difficulties (preview)
Section 127 – Repeal and Savings (preview)

Contents