Cooperative and community benefit societies act 2014 c. This act may be cited as the cooperative societies act. Cooperative societies laws important objective questions here are some important objective from cooperative societies act 1925 and cooperative societies rules 1927. Repealed schedule repealed 1the cooperative societies act, 1925 sind act vii of 1925 4 december 1925 an act to consolidate and amend the law relating to cooperative societies in 2the province of west pakistan. The cooperative societies act, 1925 sind act vii of 1925 c. Societies which may be registered subject to the provisions of this act a cooperative society which has as its object the promotion of the economic interests of its members or of the interests of the public in accordance with cooperative principles, or a society established with. The cooperative credit societies act, 1904 x of 1904. A cooperative society can be formed as per the provisions of the cooperative societies act, 1912.
Development of cooperatives ad cooperative societies 4. A comparative study of the credit cooperatives under the old act. An act to consolidate and amend the law relating to cooperative societies in uttar pradesh. November 22, 20 one impact of the punjab land alienation act of 1900 was that the money landers started not giving any loans to the agriculturalists, because now they could not keep their land as mortgage. This act extends to the whole of the province of west pakistan, except the tribal areas. West bengal cooperative societies act, 2006 wbxpress. In these rules, unless there is anything repugnant to the subject or context. The cooperative societies act 1912 indian bare acts. Cooperative and community benefit societies act 2014. Construction of references to cooperative societies act, 1912. This act has been declared to be in force in the sonthal parganas by notification under s. This act my be cited as the cooperative societies act and shall come into operation on such date as the minister may, by notice in the gazette, appoint. Encourage cooperative societies to build up their capital base.
The laws of zambia copyright ministry of legal affairs, government of the republic of zambia. Cooperation means a voluntary concert, with equitable participation and control among all concerned in the enterprise. Multistate cooperative societies which may be registered 6. So now there was a need to establish agriculture and rural banks. Laws of malaysia act 502 cooperative societies act 1993 arrangement of sections section 1. Definitions in these rules, unless there is anything repugnant in the subject or context, i the act means the himachal pradesh cooperative societies act, 1968 act no. A cooperative society, governed by the banking regulation act, 1949 as amended by the banking laws, application to cooperative societies act, 1965 shall maintain a minimum liquid cover as required under that act.
An act of parliament relating to the constitution, registration and regulation of cooperative societies and for purposes incidental thereto act no. In this act, unless the context otherwise requiresinterpretation. These rules may be cited as the cooperative societies rules, 2004. The multistate cooperative societies act, 2002 contents chapter i preliminary 1. Repealed schedule repealed 1 the cooperative societies act, 1925 sind act vii of 1925 4 december 1925 an act to consolidate and amend the law relating to co operative societies in 2 the province of west pakistan. Whereas it is expedient further to facilitate the formation of cooperative societies for the promotion of thrift and selfhelp among agriculturists, artisans and persons of limited means, and for that purpose to amend the law relating to cooperative societies. In this act, unless the contrary intention appears.
Definitions in these rules, unless there is anything repugnant in the subject or context,i the act means the himachal pradesh cooperative societies act, 1968. Cooperative societies act, 1912 bare acts law library. The cooperative societies act, 1925 sind act vii of. Monday november 28, 2011 alethnien muharram 03, 1433 somavara agrahayana 07, 1933, at 06.
In this act, except where the context otherwise requires. At least ten persons above of 18 years, having the capacity. The cooperative societies act 1912 indian bare acts india. This act may be cited as the cooperative societies act, 2011. Contents bihar cooperative societies act, 1935 chapter i. Cooperative societies act 1925 important mcqs objective. In uttar pradesh the cooperative societies act, 1912, is stall in force with a few modifications which have been made from time to time by the state government. Help small business groups to become registered cooperatives. This act may be called the co operative societies act, 1912. Savings schedule 1 compulsory byelaws schedule 2 proceedings at general meetings schedule 3 disputes procedure act 5, 1989. One impact of the punjab land alienation act of 1900 was that the money landers started not giving any loans to the agriculturalists, because now they could not keep their land as mortgage. Bestrictions on interest of member of society with lin. Officers required to furnish information to minister 5. Definitions chapter ii central registrar and registration of multi state cooperative societies 4.
Whether the 1991 act represents final recantation of valuable socialist principles or the welcome return of the prodigal son to the cooperative father it is an outstandingly wellwritten piece of legislation. In this act, unless there is anything repugnant in the subject or context. In this act interpre bonus means a share of the profits of a registered society tation. Oct 18, 2011 cooperative credit societies act, 1904 first published.
This act may be cited as the cooperative societies shorttitle. Thus if a cooperative society is registered under the kerala cooperative societies act 1969 it should be recognized as such by the income tax department. Legal division department of cooperative development. The idea of cooperative enterprise took concrete shape in india for the first time in 1904. Interpretation of words and expression used in the act. Full text containing the act, cooperative societies act, 1912, with all the sections, schedules, short title, enactment date, and footnotes. Construction of references to cooperative societies act, 1912 in enactments chapter ii registration of societies 6. It is hereby enacted in the sixteenth year of republic of india as follows.
To facilitate the formation and working of cooperative societies for the promotion of thrift, selfhelp and mutual aid among agriculturists and other persons with common economic needs so as to bring about better living, better business. As a result of these one pacs khandagiri service cooperative society ltd. Restrictions on interest of member of society with limited. Interpretation part ii development of cooperatives, cooperative societies and public officers 3. Copy of act, rules and bylaws to be open to inspection.
Now the 1991 cooperative societies act has completed the process. The cooperative societies act, 1925 sind act vii of 1925 c o n t e n t s chapter i preliminary sections 1. The tamil nadu cooperative societies act 1983 complete act. This act may be called the 55 cooperative societies act, 1925. The multistate cooperative societies act, 2002 contents. Cooperative societies act 1982, being an act to provide for the establishment of cooperative societies and for related purposes. Charge and setoff in respect of shares or interest of member. Wh an act to amend the law relating to co operative societies. There has also been a reorientation of the governments policy towards co. The cooperative societies act of 1912, further gave recognition to the formation of noncredit societies and the central cooperative organizations. The cooperative societies act 1925 punjab laws online.
Repealed schedule repealed 11 the cooperative societies act, 1925 sind act vii of 1925 4 december 1925 an act to consolidate and amend the law relating to cooperative societies in 22 the province of west. Repealed schedule repealed 1 the cooperative societies act, 1925 sind act vii of 1925 4 december 1925 an act to consolidate and amend the law relating to co. An act to replace the cooperative societies act of 1962 and to provide for the appointment of a commissioner for cooperative development to supervise the. Cooperative societies an act respecting the registration, supervision and management of cooperative societies, the members of which have a common bond of philosophy and social and economic objectives assent 29th september, 2005 commencement 4th october, 2005 1. Societies act, 1925 act vii of 1925, and in supersession of certain notifications, are pleased to make the following rules. Cooperative societies act, 1912 tax management india. The cooperative credit societies act, 1904 x of 1904 author editor unknown pages 90106 download pdf 699 kb download citation. In this act, unless the context otherwise requires. Andhra pradesh cooperative societies act, 1964 legislation. According to section 219 of the income tax act 1961 the term cooperative society means a society registered under the cooperative societies act 1912 or under various state laws in force. Mar 28, 2012 cooperative societies laws important objective questions here are some important objective from cooperative societies act 1925 and cooperative societies rules 1927. These objectives are important for the competitive exams held by ppsc for seats of assistant registrar cooperative societies and inspector cooperative societies. In exercise of the powers conferred upon the ministry by section 78 of the cooperative societies statute, 1991 these regulations are made this 3 rd day of november, 1992.
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