Title : Co--operative Principles
State : Karnataka
Year : 1997
The Co--operatives registered under this Act shall as far as possible be guided by the following Co--operative principles, namely:-- (1) Co--operatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination. (2) Co--operatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In Primary Co--operatives, members have equal voting rights (one member, one vote) and Co--operatives at other levels are organised in a democratic manner. (3) Members contribute equitably to, and..... View Complete Act List Judgments citing this sectionTitle : Cognizance of Offence
State : Karnataka
Year : 1997
No court inferior to that of a Magistrate of the First Class shall try any offence under this Act. View Complete Act List Judgments citing this sectionTitle : Power to Remove Difficulties
State : Karnataka
Year : 1997
If any difficulty arises in giving effect to the provisions of this Act, the Government may, by notification and after publication in the Official Gazette, make such provisions as appear to it to be necessary or expedient to remove the difficulty. View Complete Act List Judgments citing this sectionTitle : Definitions
State : Karnataka
Year : 1997
Section 2 - Definitions In this Act unless the context otherwise requires,- (a) "Board" means the board of directors of a Co-operative constituted under section 24 and includes the Board of Directors of the Federal Co-operative constituted under section 53; (b) "Bye-laws" means the bye-laws of Co-operatives registered or deemed to be registered under sections 5 and 11 including the bye-laws of the Federal Co-operative registered under section 53; (c) "Chief Executive" means any employee appointed by the board of a Co-operative or Federal Co-operative by whatever designation called who discharges the functions of a Chief Executive under the bye-laws of such Co-operative or Federal Co-operative; (d) "Chief Promoter"..... View Complete Act List Judgments citing this sectionTitle : Period of Limitation
State : Karnataka
Year : 1997
(1) No dispute under section 39 shall be entertained unless it is referred to the Registrar within six years from the date of the cause of action: Provided that a dispute relating to the election of a Director, President or Chairperson, Vice--President or Vice--Chairperson, or other Office Bearers of the Board shall be referred to the Registrar within thirty days from the date of declaration of the result of the election. (2) Notwithstanding anything contained in sub--section (1), the Registrar may entertain a dispute referred after the period specified in sub--section (1) if he is satisfied that the person making the reference had sufficient cause for not making the reference within that period. View Complete Act List Judgments citing this sectionTitle : Certificate of Registration
State : Karnataka
Year : 1997
(1) Where a Co--operative is registered or deemed to be registered, the certificate of registration duly signed and sealed by the Registrar shall be conclusive evidence that the Co--operative mentioned therein, is a Co--operative registered or deemed to be registered under this Act. (2) Notwithstanding anything contained in the Karnataka Co--operative Societies Act, 1959, when a certificate of registration is issued to a Co--operative after conversion of a Co--operative society into a Co--operative, the registration of such Co--operative society under the Karnataka Co--operative Societies Act, 1959, shall be cancelled by the Registrar with effect from the date of issue of certificate of registration under this Act. View Complete Act List Judgments citing this sectionTitle : Collaboration by Co--operatives
State : Karnataka
Year : 1997
Section 16 - Collaboration by Co--operatives Any Co-operative or Co-operatives may enter into collaboration with any other organisation or organisations approved by the Government to carry out any one or more specified business provided in the bye-laws of such Co-operative or Co-operatives. Where such collaboration requires creation of a new organisation under any other law for the time being in force, such organisation may be registered as an institution under such law for fulfillment of the objectives with which it was created and such collaboration shall be reviewed every year by the general body of the Co-operative. 1["Provided that in the case of a Co-operative Bank, such collaboration shall be entered into with the prior approval of the Reserve Bank in writing."] ..... View Complete Act List Judgments citing this sectionTitle : Mobilisation of Funds
State : Karnataka
Year : 1997
Section 17 - Mobilisation of Funds A Co-operative may mobilise funds in the form of share capital, deposits, debentures, loans and other contributions,-- (i) from its members; or (ii) from any other person, institutions and organisations; to such extent and subject to such conditions as may be specified in the bye-laws of the Co-operative: Provided that a Co-operative shall not be eligible to receive any loan, subsidy, grant or financial aid in any form from the Government or any guarantee by the Government. 1["Provided further that nothing contained in the first proviso shall apply to a Co-operative Bank."] ______________________________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004. View Complete Act List Judgments citing this sectionTitle : Furnishing Information
State : Karnataka
Year : 1997
Section 34 - Furnishing Information Before 31st October of every year, a Co-operative shall furnish the following information to the1[and in the case of Co-operative Bank also to the Reserve Bank] namely:-- (a) annual report of activities of the previous year and programme for the ensuing year; (b) audited statement of accounts; (c) plan for disposal of surplus as approved by the general body; (d) list of directors and their terms of office; (e) list of amendments to the bye-laws of the Co-operative; and (f) declaration regarding the date of conducting the general body meeting and elections, if any. ______________________________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004. View Complete Act List Judgments citing this sectionTitle : Disposal of Disputes
State : Karnataka
Year : 1997
(1) The Registrar may, on receipt of the reference of a dispute under section 39,-- (a) decide the dispute himself; or (b) transfer it for disposal to any person who has been vested by the Government with powers in that behalf; or (c) refer it for disposal to an Arbitrator appointed by the Registrar. (2) The Registrar may withdraw any reference transferred under clause (b) of sub--section (1) or referred under clause (c) of that sub--section and decide it himself. (3) The Registrar or any other person to whom a dispute is referred for decision under this section may, pending the decision of the dispute, make such interlocutory orders as he may deem necessary in the interest of justice. (4) When a dispute is referred to an arbitrator under clause (c) of subsection (1), the..... View Complete Act List Judgments citing this section