Title : Promotion of Subsidiary Organisations
State : Karnataka
Year : 1997
Section 15 - Promotion of subsidiary organisations (1) Any Co-operative may, by a resolution passed at its general meeting by a majority of members present with a right to vote, promote one or more subsidiary organisations for the furtherance of its objectives and such organisations may be registered under any law for the time being in force. 1["Provided that a Co-operative Bank shall not promote a subsidiary, nor shall a Co-operative promote a subsidiary whose by-laws permit the carrying on of banking business, without the prior permission of the Reserve Bank in writing."] (2) The annual reports and accounts of any such subsidiary organisation shall be placed before the general meeting of the Co-operative every year. ______________________________________ 1...... View Complete Act List Judgments citing this sectionTitle : Karnataka Souharda Sahakari Act, 1997
State : Karnataka
Year : 1997
Preamble 1 - KARNATAKA SOUHARDA SAHAKARI ACT, 1997 Chapter I Section 1 - Short title and commencement Section 2 - Definitions Chapter II Section 3 - Registrar, Additional Registrars, Joint Registrars, Deputy Registrars and Assistant Registrars Section 4 - Co--operatives which may be registered Section 5 - Application for registration of Co-operative Section 6 - Certificate of registration Section 7 - Co--operative to be a body corporate Section 8 - Registration with limited or unlimited liability Section 9 - Display of names etc Section 10 - Bye--laws Section 11 - Amendment of bye--laws Section 12 - Change of Liability, transfer of Assets and Liabilities, Division and Amalgamation of Co--operatives Section 13 - Consequences of transfer of assets and liabilities, division and..... List Judgments citing this sectionTitle : Maintenance of Records, Accounts, Etc
State : Karnataka
Year : 1997
(1) Every Co--operative shall maintain at its registered office the following, namely:-- (a) a copy of the Karnataka Souharda Sahakari Act, 1997 with upto date amendments; (b) registration certificate and registered bye--laws and the amendments registered from time to time in original; (c) a copy of the bye--laws of the Federal Co--operative and each of its subsidiaries, if any; (d) a register of members with details regarding voting rights for the current year updated within thirty days of closure of the year and the memberwise use of various services; (e) accounts of all sums of money received and expended by the Co--operative and its branch, if any, and purposes; (f) accounts of all purchases and sales of goods by the Co--operative; (g) accounts of the assets and..... View Complete Act List Judgments citing this sectionTitle : Short Title and Commencement
State : Karnataka
Year : 1997
Section 1 - Short title and commencement (1) This Act may be called the Karnataka Souharda Sahakari Act, 1997. (2) It shall come into force on such1[date] as the State Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. ______________________________________ 1. Act came into force 1.1.2001 w.e.f. 31.3.2004. View Complete Act List Judgments citing this sectionTitle : Registration with Limited or Unlimited Liability
State : Karnataka
Year : 1997
A Co--operative may be registered with limited or unlimited liability. Where the liability is limited, the expression "limited" shall be suffixed to the name of the Co--operative. View Complete Act List Judgments citing this sectionTitle : Consequences of Transfer of Assets and Liabilities, Division and Amalgamation
State : Karnataka
Year : 1997
(1) Where the whole of the assets and liabilities of a Co--operative are transferred to another Co--operative, the registration of the first mentioned Co--operative shall stand cancelled and that Co--operative shall be deemed to have been dissolved and shall cease to exist as a corporate body. (2) Where two or more Co--operatives are amalgamated into a new Co--operative, the registration of each of the amalgamating Co--operatives shall stand cancelled on the registration of the new Co--operative and each such Co--operative shall be deemed to have been dissolved and shall cease to exist as a corporate body. (3) Where a Co--operative divides into two or more Co--operatives the registration of that Co--operative shall stand cancelled on the registration of the new Co--operatives and..... View Complete Act List Judgments citing this sectionTitle : Restrictions on Contribution by a Co--operative
State : Karnataka
Year : 1997
No Co--operative shall make a contribution in whatever form ether in cash or in kind, either directly or indirectly to an organisation that has an object in furtherance of the interest of a political party or of any religious faith. View Complete Act List Judgments citing this sectionTitle : Restriction on Services to Non--members
State : Karnataka
Year : 1997
The services of a Co--operative shall ordinarily be available only to members unless otherwise provided in the bye--laws. View Complete Act List Judgments citing this sectionTitle : Board
State : Karnataka
Year : 1997
(1) Every Co--operative shall have a board consisting of such number of directors as may be specified in the bye--laws. In case of primary Co--operatives, such number shall not be less than nine and more than fifteen excluding the Chief Executive. (2) The term of office of the directors shall be five years from the date of assuming office and the election shall be held for the entire board. Explanation.--Where the election to the board has been held in the middle of the year, the remaining part of the year shall be deemed to be a full year. View Complete Act List Judgments citing this sectionTitle : Election of Office Bearers
State : Karnataka
Year : 1997
(1) The Chief Executive shall within fifteen days from the date of election of the board and immediately before the expiry of the term of office of the President or Chairperson, Vice--President or Vice--Chairperson convene a meeting in the prescribed manner of all the elected members of the board for the purpose of electing President or Chairperson, Vice--president or Vice--Chairperson and such other office bearers as are required to be elected under the bye--laws of the Co--operative. One of the elected members who is not a candidate for the election of President or Chairperson, Vice--President or Vice--Chairperson, shall be chosen to preside over such meetings: Provided that at the election of the office bearers held immediately after registration of a Co--operative, one of the..... View Complete Act List Judgments citing this section