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The Co-operative Societies Act, 1912

Central

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

Act number
2 of 1912
Ministry
Ministry of Cooperation
Enacted
1 Mar 1912

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

50 sections

  1. Section 1Short title and extent.
  2. Section 2Definitions.
  3. Section 3The Registrar.
  4. Section 4Societies which may be registered.
  5. Section 5Restrictions on interest of member of society with limited liability and a share capital.
  6. Section 6Conditions of registration.
  7. Section 7Power of Registrar to decide certain questions.
  8. Section 8Application for registration.
  9. Section 9Registration.
  10. Section 10Evidence of registration.
  11. Section 11Amendment of the by-laws of a registered society.
  12. Section 12Member not to exercise rights till due payment made.
  13. Section 13Votes of members.
  14. Section 14Restrictions on transfer of share or interest.
  15. Section 15Address of societies.
  16. Section 16Copy of Act, rules and by-laws to be open to inspection.
  17. Section 17Audit.
  18. Section 18Societies to be bodies corporate.
  19. Section 19Prior claim of society.
  20. Section 20Charge and set-off in respect of shares or interest of member.
  21. Section 21Shares or interest not liable to attachment.
  22. Section 22Transfer of interest on death of member.
  23. Section 23Liability of past member.
  24. Section 24Liability of the estates of deceased members.
  25. Section 25Register of members.
  26. Section 26Proof of entries in societies’ books.
  27. Section 27Exemption from compulsory registration of instruments relating to shares and debentures of registered society.
  28. Section 28Power to exempt from income-tax, stamp-duty and registration fees.
  29. Section 29Restrictions on loans.
  30. Section 30Restrictions on borrowing.
  31. Section 31Restrictions on other transactions with non-members.
  32. Section 32Investment of funds.
  33. Section 33Funds not to be divided by way of profit.
  34. Section 34Contribution to charitable purpose.
  35. Section 35Inquiry by Registrar.
  36. Section 36Inspection of books of indebted society.
  37. Section 37Costs of inquiry.
  38. Section 38Recovery of costs.
  39. Section 39Dissolution.
  40. Section 40Cancellation of registration of society.
  41. Section 41Effect of cancellation of registration.
  42. Section 42Winding-up.
  43. Section 43Rules.
  44. Section 44Recovery of sums due to Government.
  45. Section 45Power to exempt societies from conditions as to registration.
  46. Section 46Power to exempt registered societies from provisions of the Act.
  47. Section 47Prohibition of the use of the word “co-operative”.
  48. Section 48Indian Companies Act, 1882, not to apply.
  49. Section 49Saving of existing societies.
  50. Section 50[Repealed.].