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THE JAMMU AND KASHMIR SELF-RELIANT COOPERATIVES ACT, 1999

Jammu and Kashmir

An Act to provide for the formation and transformation of Cooperatives as self-reliant, self-help, mutual-aid, autonomous, voluntary, democratic, business enterprises, owned, managed and controlled by members for their economic and social betterment, through the financially gainful provision of core services which fulfil a common need felt by them and for the matters connected therewith or incidental thereto.

Act number
10 of 1999
Department
Cooperatives Department
Enacted
11 May 1999
In force from
14 May 1999

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.

59 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Registration of a new cooperative.
  4. Section 4Conversion of a cooperative society into a cooperative under this Act.
  5. Section 5Cooperative to be body corporate.
  6. Section 6Articles of association.
  7. Section 7Amendment of articles of association.
  8. Section 8Name of a cooperative.
  9. Section 9Location of head office.
  10. Section 10Transfer of assets and liabilities.
  11. Section 11Division
  12. Section 12Amalgamation.
  13. Section 13Merger
  14. Section 14Registration offices.
  15. Section 15Fee for services.
  16. Section 16Eligibility for membership in a cooperative.
  17. Section 17Member admission.
  18. Section 18Member withdrawal.
  19. Section 19Cessation of membership
  20. Section 20Termination of membership.
  21. Section 21Register of members.
  22. Section 22Cooperative education.
  23. Section 23Services primarily for members.
  24. Section 24Exercise of rights.
  25. Section 25Voting rights of members.
  26. Section 26Members’ liability.
  27. Section 27General body.
  28. Section 28Functions, responsibilities and powers of general body.
  29. Section 29General meetings.
  30. Section 30Minutes of general meetings.
  31. Section 31Board of directors.
  32. Section 32Functions, responsibilities and powers of board.
  33. Section 33Eligibility for directorship in a cooperative.
  34. Section 34Elections.
  35. Section 35Tenure of directors.
  36. Section 36Board meetings.
  37. Section 37Minutes of board meetings.
  38. Section 38Staff.
  39. Section 39Mobilization of funds.
  40. Section 40Deployment of funds.
  41. Section 41Disposal of surplus.
  42. Section 42Management of deficit.
  43. Section 43Operation of special funds.
  44. Section 44Accounts, records and documents to be maintained.
  45. Section 45Audit.
  46. Section 46Returns to be filed with the Registrar.
  47. Section 47Inquiry.
  48. Section 48Offences.
  49. Section 49Disputes.
  50. Section 50Arbitral tribunal.
  51. Section 51Dissolution by members.
  52. Section 52Dissolution by Registrar.
  53. Section 53Omitted.
  54. Section 54Appointment of liquidator.
  55. Section 55Duties of liquidator.
  56. Section 56Powers of liquidator.
  57. Section 57Final accounts.
  58. Section 58Exemption from certain taxes, duties and fees.
  59. Section 59Exemption from compulsory registration of Instruments.