Act Info:
Preamble1 - MULTI-STATE CO-OPERATIVE SOCIETIES ACT, 2002
Chapter I Section1 - Short title, extent and commencement
Section2 - Application
Section3 - Definitions
Chapter II Section4 - Central Registrar
Section5 - Multi-State co-operative societies which may be registered
Section6 - Application for registration
Section7 - Registration
Section8 - Registration certificate
Section9 - Multi-State co-operative society to be body corporate
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
Section13 - Change of name
Section14 - Change of address
Section15 - Publication of name by multi-State co-society
Section16 - Liability
Section17 - Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies
Section18 - Central Registrar to prepare scheme of amalgamation or recorganisation of a co-operative bank in certain cases
Section19 - Promotion of subsidiary institution
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
Section22 - Conversion of a co-operative society into a multi-State co-operative society
Chapter III Section23 - Registration of federal co-operative
Section24 - Functions of federal co-operative
Chapter IV 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
Section30 - Expulsion of members
Section31 - Vote of members
Section32 - Manner of exercising vote
Section33 - Restriction on holding of shares
Section34 - Restriction on transfer of shares or interest
Section35 - Redemption of shares
Section36 - Transfer of interest on death of members
Section37 - Liabilities of past member and estate of deceased member
Chapter V Section38 - Constitution powers and functions of general body
Section39 - Annual general meeting of general body
Section40 - Special general meeting of general body
Section41 - Board of directors
Section42 - Association of employees in management decision making process
Section43 - Disqualifications for being a member of board
Section44 - Prohibition to hold office of chairperson or president or vice-chairperson or vice president in certain cases
Section45 - Elections of members of board
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
Section50 - Meeting of board
Section51 - Chief Executive
Section52 - Powers and functions of Chief Executive
Section53 - Committees of board
Section54 - Securing possession of records, etc.
Chapter VI Section55 - Charge and set-off in respect of share or contribution or interest of member
Section56 - Share or contribution or interest not liable to attachment
Section57 - Register of members
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 societys claim in certain cases
Section61 - Government aid to multi-State co-operative societies
Chapter VII Section62 - Funds not to be divided by way of profit
Section63 - Disposal of net profits
Section64 - Investment of funds
Section65 - Restriction on contribution
Section66 - Restriction on loans
Section67 - Restrictions on borrowing
Section68 - Restriction on other transactions with non-members
Section69 - Contributory provident fund
Chapter VIII Section70 - Appointment and remuneration of auditors
Section71 - Provision as to resolutions for appointing or removing auditors
Section72 - Qualifications and disqualifications of auditors
Section73 - Powers and duties of auditors
Section74 - Signature of audit report, etc.
Section75 - Reading and inspection of auditors 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
Section82 - Recovery of costs
Section83 - Repayment, etc.
Chapter IX Section84 - Reference of disputes
Section85 - Limitation
Chapter X Section86 - Winding up of multi-State co-operative societies
Section87 - Winding up of co-operative bank at the direction of Reserve Bank
Section88 - Reimbursement to the Deposit Insurance Corporation by liquidator
Section89 - Liquidator
Section90 - Powers of liquidator
Section91 - Disposal of surplus assets
Section92 - Priority of contributions assessed by liquidator
Section93 - Power of Central Registrar to cancel registration of a multi-State co-operative society
Chapter XI Section94 - Execution of decisions, etc.
Section95 - Execution of orders of liquidators
Section96 - Attachment before award
Section97 - Central Registrar or arbitrator or person authorized to be civil court for certain purposes
Section98 - Recovery of sums due to Government
Chapter XII Section99 - Appeals
Section100 - No appeal in certain cases
Section101 - Review
Section102 - Interlocutory orders
Chapter XIII Section103 - Co-operative societies functioning immediately before reorganization of States
Chapter XIV Section104 - Offences and penalties
Section105 - Cognizance of offences
Chapter XV Section106 - Copies of bye-laws, etc., to be open to 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
Section111 - Minutes to be evidence
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
Section116 - Power to amend Second Schedule
Section117 - Bar of jurisdiction of courts
Section118 - Indemnity
Section119 - Opening of branches
Section120 - Filing of returns
Section121 - Certain Act not to apply
Section122 - Central Governments power to give directions to specified multi-State co-operative societies in public interest
Section123 - Supersession of board of specified multi-State co-operative society
Section124 - Power to make rules
Section125 - Power to remove difficulties
Section126 - Repeal and saving
ScheduleI - FIRST SCHEDULE
ScheduleII - SECOND SCHEDULE