TypeBare Act JurisdictionCentral Government Enacted2002

Multistate Cooperative Societies Act, 2002

Complete Act - all sections

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https://sooperkanoon.com/act/133921

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About this act

Multistate Cooperative Societies Act, 2002 (2002) is Central state legislation published on SooperKanoon in full. Use this page to read the bare act and jump to judgments that cite it.

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Act Text

Section1 - Short title, extent and commencement

Section3 - Definitions

Chapter2 - CENTRAL REGISTRAR AND REGISTRATION OF MULTI-STATE CO-OPERATIVE SOCIETIES

Section5 -

Section6 - Application for registration

Section9 -

Section10 - Bye-laws of multi-State co-operative societies

Section11 - Amendment of bye-laws of a multi-State co-operative society

Section12 - When amendment of bye-laws comes into force

Section15 -

Section17 -

Section18 - Refund.

Section19 - Bar on re-opening of settled cases.

Section20 - Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation

Section21 - Cancellation of registration certificate of multi-State co-operative societies in certain cases

Chapter3 - REGISTRATION AND FUNCTIONS OF FEDERAL CO-OPERATIVES

Section23 - Registration of federal co-operative

Chapter4 - MEMBERS OF MULTI-STATE CO-OPERATIVE SOCIETIES AND THEIR DUTIES, RIGHTS AND LIABILITIES

Section24 - Functions of federal co-operative

Section25 - Persons who may become members

Section26 - Nominal or associate member of society

Section27 - Educational course for members

Section28 - Members not to exercise rights till due payment made

Section29 - Disqualification for member of a multi-State co-operative society

Section31 -

Chapter1 - SECTIONS

Section33 - Restriction on holding of shares

Section34 - Restriction on transfer of shares or interest

Section36 - Transfer of interest on death of members

Chapter5 - DIRECTION AND MANAGEMENT OF MULTI-STATE CO-OPERATIVE SOCIETIES

Section37 - Liabilities of past member and estate of deceased member

Section38 - Constitution, powers and functions of general body

Section39 - Annual general meeting of general body

Section40 - Special general meeting of general body

Section42 - Association of employees in management decision making process

Section43 - Disqualifications for being a member of board

Section44 -

Section45 - Establishment of Co-operative Election Authority

Section45B - Removal and suspension of Chairperson, Vice Chairperson and Members

Section45C - Disclosure and declaration of interest

Section45E - Filling of casual vacancy

Section45F - Restriction of reemployment

Section45G - Vacancies, etc., not to invalidate proceedings of Authority

Section45H - Meetings of Authority

Section45J - Elections of members of board

Section45K - Appointment of Returning Officer and other officers

Section45L - Power to issue directions

Section46 - Holding of office in co-operative society

Section47 - Removal of elected members by general body

Section48 - Nominee of Central Government or State Government on board

Section49 - Powers and functions of board

Section52 - Powers and functions of Chief Executive

Section54 -

Chapter6 - . CHAPTER VI

Section56 - Share or contribution or interest not liable to attachment

Section58 - Admissibility of copy of entry as evidence

Section59 - Exemption from compulsory registration of instruments

Section60 - Deduction from salary to meet multi-State co-operative society’s claim incertain cases

Chapter7 - PROPERTIES AND FUNDS OF MULTI-STATE CO-OPERATIVE SOCIETIES

Section61 -

Section63A - Establishment of Co-operative Rehabilitation, Reconstruction and Development Fund

Section63B - Rehabilitation and reconstruction of sick societies

Section63C - Financial assistance to multi-State co-operative societies for development

Section65 - Restriction on contribution

Section67 - Restrictions on borrowings

Section68 - Restriction on other transactions with non-members

Chapter8 - AUDIT, INQUIRY, INSPECTION AND SURCHARGE

Section70 - Appointment and remuneration of auditors

Section71 - Provision as to resolutions for appointing or removing auditors

Section72 - Qualifications disqualifications of auditors

Section73 - Powers and duties of auditors

Section74 - Signature of audit report, etc

Section75 - Reading and inspection of auditor’s report

Section76 - Right of auditor to attend general meeting

Section77 - Power of Central Government to direct special audit in certain cases

Section78 - Inquiry by Central Registrar

Section79 - Inspection of multi-State co-operative societies

Section80 - Inspection of books of indebted multi-State co-operative societies

Section81 - Costs of inquiry and inspection

Section83 -

Chapter9 - . CHAPTER IX

Section85 - Limitation

Chapter10 - CHAPTER X

Section87 - Winding up of co-operative bank at the direction of Reserve Bank

Section88 - Reimbursement to the Deposit Insurance Corporation by liquidator

Section91 - Disposal of surplus assets

Section92 - Priority of contributions assessed by liquidator

Chapter11 - EXECUTION OF DECREES, ORDERS AND DECISIONS

Section93 -

Section95 - Execution of orders of liquidators

Section97 - Central Registrar or arbitrator or person authorised to be civil court for certain purposes

Section98 - Recovery of sums due to Government

Chapter12 - CHAPTER XII

Section100 - No appeal in certain cases

Section102 -

Chapter13 - SOCIETIES WHICH BECOME MULTI-STATE CO-OPERATIVE SOCIETIES CONSEQUENT ON

Chapter14 - CHAPTER XIV

Section105A - Provisions of this Act not in derogation of any other law

Chapter15 - MISCELLANEOUS

Section106 - Appointment of Co-operative Information Officer

Section106A - Copy of rules and bye-laws, etc., for inspection

Section107 - Place of keeping and inspection of, registers and returns

Section108 - Inspection of books of account, etc., of multi-State co-operative society

Section109 - Annual accounts and balance-sheet

Section110 - Minutes of proceedings of general meetings and of board and other meetings

Section112 - Presumptions to be drawn where minutes duly drawn and signed

Section113 - Inspection of minutes book of general meetings

Section114 - Liquidator to be public servant

Section115 - Notice necessary in suits

Section117 - Bar of jurisdiction of courts

Section120A - Filing of applications, documents, inspections, etc., in electronic form

Section120B - Application of Banking Regulation Act, 1949

Section121 -

Section122 -

Section123 -

Section125 - Power to remove difficulties

Section126 - Repeal and saving

Section2 - Application.—This Act shall apply to—

Section4 -

Section7 - Registration.—

Section8 -

Section13 -

Section16 - Liability.—

Section30 -

Section41 - Board of directors.—

Section45A - Power of Chairperson.—The Chairperson of the Authority shall have powers of general superintendence and directions in

Section45D -

Section50 - Meeting of board.—

Section51 - Chief Executive.—

Section53 - (3) Where the Central Government or the State Government holds fifty-one per cent. or more of the equity share capital

Section57 - Register of members.—Any register or list of members or shares kept by any multi-State co-operative society shall be

Section63 - Disposal of net profits.—

Section64 - Investment of funds.—A multi-State co-operative society may invest or deposit its funds—

Section66 - Restriction on loans.—

Section82 -

Section89 - Liquidator.—

Section90 - Powers of liquidator.—

Section96 - Attachment before award.—

Section101 - Review.—

Section105 - Cognizance of offences.—

Section111 - Minutes to be evidence.—Minutes of meetings kept in accordance with the provisions of section 110 shall be evidence of

Section118 - Indemnity.—No suit, prosecution or other legal proceedings shall lie against the Central Registrar or, any person

Section119 - Opening of branches.—Notwithstanding anything contained to the contrary in any law relating to co-operative societies

Section120 - Filing of returns.—Every year within six months of the closure of the accounting year every multi-State co-operative

Section124 - Power to make rules.—

Section14 -

Frequently asked questions

What is the Multistate Cooperative Societies Act, 2002?

The Multistate Cooperative Societies Act, 2002, enacted in 2002, is Central state legislation available in full text on SooperKanoon. It is commonly used for legal research alongside judgments that interpret and apply its provisions.

How can I find court judgments citing the Multistate Cooperative Societies Act, 2002?

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Multistate Cooperative Societies Act, 2002

About this act

Act Text

Frequently asked questions

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