Article 243ZH. Definitions

In this Part, unless the context otherwise requires,— (a) ―authorised person‖ means a person referred to as such in article 243ZQ; (b) ―board‖ means the board of directors or the governing body of a co-operative society, by whatever name called, to which the direction and control of the management of the affairs of a society is entrusted to; (c) ―co-operative society‖ means a society registered or deemed to be registered under any law relating to co-operative societies for the time being in force in any State; (d) ―multi-State co-operative society‖ means a society with objects not confined to one State and registered or deemed to be registered under any law for the time being in force relating to such co- operatives; (e) ―Office bearer‖ means a President, Vice-President, Chairperson, Vice-Chairperson, Secretary or Treasurer, of a co-operative society and includes any other person to be elected by the board of any co- operative society; (f) ―Registrar‖ means the Central Registrar appointed by the Central Government in relation to the multi-State co-operative societies and the Registrar for co-operative societies appointed by the State Government under the law made by the Legislature of a State in relation to co-operative societies; (g) ―State Act‖ means any law made by the Legislature of a State; (h) ―State level co-operative society‖ means a co-operative society having its area of operation extending to the whole of a State and defined as such in any law made by the Legislature of a State. 243ZI. Incorporation of co-operative societies.—Subject to the provisions of this Part, the Legislature of a State may, by law, make provisions with respect to the incorporation, regulation and winding up of co-operative societies based on the principles of voluntary formation, democratic member- control, member-economic participation and autonomous functioning.