Title : Appeal
State : Karnataka
Year : 1997
An appeal against the decision or award made under section 41, shall lie before the Karnataka Co--operative Appellate Tribunal constituted under section 2B of the Karnataka Co--operative Societies Act, 1959. View Complete Act List Judgments citing this sectionTitle : Elections
State : Karnataka
Year : 1997
Section 58 - Elections (1) The conduct of elections of the Board of Directors of the Federal Co-operative shall be the responsibility of the incumbent board of the Federal Co-operative. Elections shall be conducted before the expiry of the term of the office of the outgoing directors in the manner specified in the bye-laws.1[The Registrar shall appoint a returning officer for conducting such elections.] (2) The newly elected directors shall assume office immediately after expiry of the term of the outgoing board. (3) Where the number of nominations exceeds the number of directors to be elected, the election of directors shall be by secret ballot. ___________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004. View Complete Act List Judgments citing this sectionTitle : Power to Make Rules
State : Karnataka
Year : 1997
(1) The Government may, by notification and after previous publication in the Official Gazette, make rules to carry out the purposes of this Act. (2) Every rule made under this Act shall as soon as may be after it is made be laid before each house of the State legislature while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions and if before the expiry of the sessions in which it is so laid or the sessions immediately following both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be, so however that any modification or annulment shall be without..... View Complete Act List Judgments citing this sectionTitle : Persons Who May Be Admitted or Continued as Members
State : Karnataka
Year : 1997
(1) Subject to the provisions of this Act, no person shall be admitted as a member of a Co--operative,-- (a) unless he needs the services of the Co--operative and accepts the responsibility of membership and is competent to contract under the Contract Act, 1872 (Central Act IX of 1872); (b) if he conducts any business, such business being in conflict or competition with the business of the Co--operative as specified in the bye--laws; and (c) unless he fulfills such other conditions as may be specified in the bye--laws of the Co--operative: Provided that after the registration of a Co--operative, the members shall be admitted only by the elected board. (2) No person shall be eligible to continue as a member if such person,-- (a) has not used the services of the Co--operative..... View Complete Act List Judgments citing this sectionTitle : Profits and Losses of Co--operative
State : Karnataka
Year : 1997
Section 32A - Profits and losses of Co--operative 1 [32. Profits and losses ofCo-operative ACo-operative shall out of its net profits in any year, transfer an amount being not less than ten percent of the profits to a fund called deficit cover fund, which shall be utilised for wiping oroff-setting the losses, if any, caused in the working of the co-operative: Provided that nothing in this section shall prevent aCo-operative from charging the losses on the members of the Co-operative in accordance with the majority decision taken at the Special or Annual General Meeting.] ______________________________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004. View Complete Act List Judgments citing this sectionTitle : Nominal and Associate Members
State : Karnataka
Year : 1997
Section 21A - Nominal and associate members 1 [21A. Nominal and associate members (1) Notwithstanding anything contained in section 20, a Co-operative may admit, (a) any individual, (b) any firm, company, Co-operative Society, Co-operative or any body or Corporation constituted by or under any law for the time being in force; as a nominal or associate member for any specific purpose for any specific period as may be mentioned in the bye-laws. (2) A nominal member shall not be entitled to any share in any form whatsoever in the assets or profits of the Co-operative and shall not be entitled to become an office-bearer of the Co-operative. (3) An associate member may hold shares but shall not be entitled to become an office-bearer of the Co-operative. (4)..... View Complete Act List Judgments citing this sectionTitle : Election of Board
State : Karnataka
Year : 1997
Section 26 - Election of Board (1) The board of a Co-operative shall conduct elections to elect the succeeding board before the expiry of the term of office of the outgoing board in the manner1[prescribed]. 2[Provided that the first general meeting after registration of a Co-operative other than a Co-operative registered on conversion of a Co-operative Society into a Co-operative, shall be held within one month from the date of its registration to elect the board and the chief promoter shall arrange to hold such meeting. "Provided further that the first general meeting after registration of a Co-operative registered on conversion of a Co-operative Society into a Co-operative, shall be held within sixty days from the date of its registration to elect the board..... View Complete Act List Judgments citing this sectionTitle : Action on Inquiry Report
State : Karnataka
Year : 1997
Section 37 - Action on inquiry Report 1[The Registrar], as the case may be, after such inquiry, if satisfied that any or all of the office bearers or directors or Chief Executive is or are responsible for any payment contrary to the Act, rules or the bye-laws and has or have caused loss or deficiency in the assets of the Co-operative by breach of trust or negligence or has or have misappropriated or fraudulently retained any money or property belonging to such Co-operative, without prejudice to any civil or criminal proceedings to which they may be liable, may direct the board to convene the general meeting within such reasonable time as the Federal Co-operative or the Registrar, as the case may be, specify to discuss the findings of the inquiry report and for initiating..... View Complete Act List Judgments citing this sectionTitle : Attachment of Property Before Award or Order
State : Karnataka
Year : 1997
(1) If the Registrar is satisfied on an application, report, enquiry or otherwise, that any person with intent to delay or obstruct the enforcement of any order, decision or award that may be made against him under the provisions of this Act,-- (a) is about to dispose of the whole or any part of his property; or (b) is about to remove the whole or any part of his property from the jurisdiction of the Registrar, the arbitrator or Liquidator, as the case may be, he may, unless adequate security is furnished, direct the attachment of the said property and such attachment shall have the same effect as if made by a competent civil court. (2) Where the Registrar directs attachment of the property under sub--section (1), he shall issue a notice calling upon the person whose property is..... View Complete Act List Judgments citing this sectionTitle : Duties of Liquidator
State : Karnataka
Year : 1997
Section 49 - Duties of Liquidator (1) The liquidator immediately after he assumes the charge of office of liquidator, shall intimate the same to the Registrar and FederalCo-operative, to each claimant, share holder and to each creditor of the Co-operative. A notice of his appointment shall also be published in the Gazette once in a week for two consecutive weeks and in the newspaper published or distributed in the place where the registered office of theCo-operative is situated. He shall also take reasonable steps to give notice of the liquidation of suchCo-operative in the area where the Co-operative carried on its business. (2) The notice issued under subsection (1) shallspecify,- (i) the amount indebted to theCo-operative and the time and place for..... View Complete Act List Judgments citing this section