Title : Savings
State : Karnataka
Year : 1997
Notwithstanding anything contained in section 6 of this Act, where a Co--operative society registered under the Karnataka Co--operative Societies Act 1959 is converted to a Co--operative under this Act, and at the time of such conversion was a party to any proceedings under sections, 63, 64, 65, 69, 70, 99, 100, 101, 103, 104, 106, 108 or 109 of the Karnataka Co--operative Societies Act, 1959 such proceedings shall be continued and finally decided, as if the co--operative society was not converted into a co--operative under this Act and any decree or order or award so passed in such proceedings against any person or a co--operative registered under this Act, shall be executed against such person or such co--operative in accordance with section 101 of the Karnataka Co--operative..... View Complete Act List Judgments citing this sectionTitle : Amendment of Bye--laws
State : Karnataka
Year : 1997
Section 11 - Amendment of bye--laws (1) ACo-operative may amend any of the provisions of its bye-laws by a resolution passed by the majority of members with right to vote or two thirds of the members present and voting, whichever is less, at a general meeting or at a representative general meeting: Provided that no such resolution shall be passed unless not less than twenty clear days of written notice of the meeting has been given along with a copy of the proposed amendment to each member of the general body or representative general body, as the case may be, and such notice and the proposed amendment are also displayed on the notice board of theCo-operative for a period of not less than twenty days immediately proceeding the date of the meeting. (2) In..... View Complete Act List Judgments citing this sectionTitle : Supersession
State : Karnataka
Year : 1997
Section 38 - Supersession (1) If, in the opinion of the FederalCo-operative, the Board of a Co-operative,- (i) persistently makes default or is negligent in performance of the duties imposed on it under this Act or rules or thebye-laws; or (ii) has committed any act which is prejudicial to the interests of theCo-operative or its members; or (iii) is not functioning properly on account of the number of members of the board falling short of the required number to form quorum due to disqualification, resignation, death or removal of directors; or (iv) is not functioning in accordance with the provisions of this Act or rules or thebye-laws or any order made or direction issued by the Federal Co-operative; or (v) fails to conduct annual general meeting..... View Complete Act List Judgments citing this sectionTitle : Certain Orders to Be Passed by the Registrar if So Required by the Reserve Bank
State : Karnataka
Year : 1997
(1) Notwithstanding anything to the contrary contained in this Act, in the case of a co--operative bank which is an insured bank, the Registrar shall have power,-- (i) if so required by the Reserve Bank, in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, to make an order for winding up of a Co--operative Bank; (ii) where an order of moratorium has been made by the Central Government under sub--section (2) of section 45 of the Banking Regulation Act, 1949 to make an order sanctioning a scheme of compromise or arrangement or amalgamation or reconstruction including division or re--organisation of the Co--operative Bank; (iii) if so required by the Reserve Bank, in the public interest, or for preventing the affairs of..... View Complete Act List Judgments citing this sectionTitle : Application for Registration of Co-operative
State : Karnataka
Year : 1997
Section 5 - Application for registration of Co-operative (1) An application for registration of aCo-operative shall be made to the Registrar in such form and in such manner as may be prescribed. (2) Every such application shall be accompaniedby,- (a) the original and five copies of thebye-laws of the proposed Co-operative as adopted by the promoters of such Co-operative or by the representatives ofCo-operatives who wish to form into a union Co-operative or by the general body of aCo-operative society which intends to convert itself into a Co-operative under this Act; (b) a list of names of individuals orCo-operatives which intend to form a Co-operative and in the case of a Co-operative society, a list of names of members of such society together..... View Complete Act List Judgments citing this sectionTitle : Offences and Penalties
State : Karnataka
Year : 1997
(1) If an office bearer or director or a Chief Executive or any employee of a Co--operative or Federal Co--operative willfully fails to issue a notice, send a return or document or neglects or refuses to furnish any information or willfully furnishes a false or an insufficient information required under this Act or the bye--laws of a Co--operative, shall be punishable with a fine which may extend to five thousand rupees or imprisonment which may extend to one year or with both. (2) If an office bearer, a Chief Executive, a director or any employee of a Co--operative or Federal Co--operative fails to do any act required to be done under this Act or allows to be done any act forbidden by this Act or the bye--laws or fails to fulfil the duties or indulges in fraudulent activities..... View Complete Act List Judgments citing this sectionTitle : Constitution, Functions and Management of Federal Co--operative
State : Karnataka
Year : 1997
Section 53 - Constitution, functions and management of Federal Co--operative (1) There shall be a Federal Co-operative in the State. All Co-operatives registered under this Act shall be the members of such Federal Co-operative. (2) After the registration of fiftyCo-operatives under this Act, the Registrar shall frame the bye-laws of the proposed FederalCo-operative and take steps to register the Federal Co-operative and its bye-laws: Provided that till the assumption of office by the first Board, the Registrar shall exercise the powers and perform the functions of the FederalCo-operative under this Act. (3) Where the FederalCo-operative is registered under this Act, the Registrar shall issue a certificate of registration..... View Complete Act List Judgments citing this sectionTitle : Karnataka Souharda Sahakari Act, 1997
State : Karnataka
Year : 1997
Preamble 1 - KARNATAKA SOUHARDA SAHAKARI ACT, 1997 THE KARNATAKA SOUHARDA SAHAKARI ACT, 1997 [Act, No. 17 of 2000]1 [28th March, 2000] PREAMBLE An Act to provide for recognition, encouragement and voluntary formation of Co-operatives based on self-help, mutual aid, wholly owned, managed and controlled by members as accountable, competitive, self-reliant and economic enterprises guided by co-operative principles and matters connected therewith; WHEREAS it is expedient to provide for recognition encouragement and voluntary formation of co-operatives based on self-help, mutual aid, wholly owned, managed and controlled by members as accountable, competitive self-reliant and economic enterprises guided by co-operative principles and for matters connected therewith; ..... View Complete Act List Judgments citing this sectionTitle : Preliminary
State : Karnataka
Year : 1997
(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. 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. Section 2 - Definitions ..... View Complete Act List Judgments citing this sectionTitle : Accounts, Audit and Inquiry
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 section