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Start Free TrialMulti State Co-operative Societies Act, 1984 [Repealed] Repealing Act 1
Title: Multi-state Co-operative Societies Act, 2002
State: Central
Year: 1984
.....shall apply to-- (a) all co-operative societies, with objects not confined to one State which were incorporated before the commencement of this Act,-- (i) under the Co-operative Societies Act, 1912, 2 OF 1912 or (ii) under any other law relating to co-operative societies in force in any State or in pursuance of the Multi-unit Co-operative Societies Act, 1942, 6 of 1942 or the Multi-State Co-operative Societies Act, 1984, 51 of 1984, and the registration of which has not been cancelled before such commencement; and (b) all multi-State co-operative societies. 3. Definitions In this Act, unless the context otherwise requires,-- (a) "area of operation" means the area from which the persons are admitted as members; (b) "board" means the board of directors or the governing body of a multi-State co-operative society, by whatever name called, to which the direction and control of the management of the affairs of the society is entrusted; (c) "bye-laws" means the bye-laws for the time being in force which have been duly registered or deemed to have been registered under this Act and includes amendments thereto which have been duly registered or deemed to have been.....
View Complete Act List Judgments citing this sectionBanking Regulation Act, 1949 Part 5
Title: Application of the Act to Co-operative Banks
State: Central
Year: 1949
.....for the purposes of this section and section 24, specify from time totime, with reference to any transaction or class of transactions, that suchtransaction or transactions shall be regarded as liability in India of aco-operative bank, and, if any question arises to whether any transaction orclass of transactions shall be regarded for the purposes of this section andsection24, as liability in India of a co-operative bank, the decision of theReserve Bank thereon, shall be final."]; (k) for section 19,the following section shall be substituted, namely:- "19. Restriction on holding shares in otherco-operative societies. -No co-operative bank shall hold shares in any otherco-operative society except to such extent and subject to such conditions asthe Reserve Bank may specify in that behalf: Provided that nothing contained in this section shall applyto- (i) shares acquiredthrough funds provided by the State Government for that purpose; (ii) in the case ofa Central co-operative bank, the holding of shares in the State co-operativebank to which it is affiliated; (iii) in the case ofa primary co-operative bank, the holding of shares in the Central co-perativebank to which it.....
View Complete Act List Judgments citing this sectionKarnataka Co-operative Societies Act, 1959 Chapter V
Title: Privileges of Co-operative Societies
State: Karnataka
Year: 1959
.....by Act 25 of 1998 w.e.f. 15.8.1998. Section 38 - Exemption from compulsory registration of instruments Nothing in clauses (b) and (c) of sub-section (1) of section 17 of the Indian Registration Act, 1908 (Central Act XVI of 1908), shall apply to,-- (a) any instrument relating to shares in a co-operative societynotwithstanding that the assets of the society consist in whole or in part of immovable property; (b) any debentures issued by any such society and not creating,declaring, assigning, limiting or extinguishing any right, title or interest to or in immoveable property except in so far as it entitles the holder to the security afforded by a registered instrument whereby the society has mortgaged, conveyed or otherwise transferred the whole or part of its immoveable property or any interest therein to trustees upon trust for the benefit of the holders of such debentures, or (c) any endorsement upon or transfer of any other debenture issued byany such society. Section 39 - Registration of documents executed on behalf of co-operative societies (1) Notwithstanding anything contained in the Indian Registration Act, 1908 (Central Act XVI of 1908), it shall not be.....
View Complete Act List Judgments citing this sectionInsurance Act, 1938 (4 of 1938) Part IV
Title: Mutual Insurance Companies and Co-operative Life Insurance Societies
State: Central
Year: 1938
.....of this Act, in so far as they are inconsistent with those rules, shall not apply to such societies. ___________________ 1. Substituted by Act 41 of 1999, section 30 and Schedule I, for "In this Part--". 2. Substituted by Act 11 of 1939, section 29, for "incorporated under the provisions of the Indian Companies Act, 1913". 3. Substituted by the Adaptation of Laws Order, 1950, for "Provincial". Section 96 - Application of Act to Mutual Insurance Companies and Co-operative Life Insurance Societies The provisions of sections 6 and 7 and of sub-section ( 2 ) of section 20 , so far as those provisions are inconsistent with the provisions of this Part, shall not apply, and the provisions of this Part shall apply, to1[ *** ] Co-operative Life Insurance Societies. _________________ 1. The words "Mutual Insurance Companies and" omitted by Act 62 of 1968, section 30 (w.e.f. 1-6-1969). Section 97 - Working capital of Mutual Insurance Companies and Co-operative Life Insurance Societies 1[No co-operative life insurance society registered after the 26 th day of January 1937 ] under the Co-operative Societies Act, 1912 ( 2 of 1912 ), or under an Act of a State.....
View Complete Act List Judgments citing this sectionMulti State Co-operative Societies Act, 1984 [Repealed] Chapter V
Title: Privileges of Multi-state Co-operative Societies
State: Central
Year: 1984
.....from the salary or wages payable to him, such amount as may be specified in the agreement and pay the amount so deducted to the society in satisfaction of any debt or other demand owing by the member to the society. (2) On the execution of such agreement, the employer disbursing the salary or wages of the members shall, if so required by the multi-State co-operative society by a requisition in writing and so long as the society does not intimate that the whole of such debt or other demand has been paid, make the deduction in accordance with the agreement And pay the amount so deducted to the society within a period of fourteen days of the date on which deduction has been made, as if it were a part of the salary or wages payable on the day as required under the Payment of Wages Act, 1936, and such payment shall be valid discharge of the employer for his liability to pay the amount deducted. (3) If after the receipt of a requisition made under sub-section (2) the employer disbursing the salary or wages of the member at any time fails to deduct the amount specified in the requisition from the salary or wages payable to the member concerned or marks default in remitting the.....
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Chapter VI
Title: Privileges of Multi-state Co-operative Societies
State: Central
Year: 2002
.....from the salary or wages payable to him, such amount as may be specified in the agreement and to pay the amount so deducted to the society in satisfaction of any debt or other demand the member owes to the society. (2) On the execution of such agreement, the employer disbursing the salary or wages of the members shall, if so required by the multi-State co-operative society, by a requisition in writing and so long as the society does not intimate that the whole of such debt or other demand has been paid, make the deduction in accordance with the agreement and pay the amount so deducted to the society within a period of fourteen days of the date on which deduction has been made, as if it were a part of the salary or wages payable on the day as required under the Payment of Wages Act, 1936(4 of 1936), and such payment shall be valid discharge of the employer for his liability to pay the amount deducted. (3) If after the receipt of a requisition made under sub-section (2), the employer disbursing the salary or wages of the member at any time fails to deduct the amount specified in the requisition from the salary or wages payable to the member concerned or makes default in.....
View Complete Act List Judgments citing this sectionMulti State Co-operative Societies Act, 1984 [Repealed] Chapter IV
Title: Direction and Management of Multi-state Co-operative Societies
State: Central
Year: 1984
.....society and for the correct preparation, timely submission of periodical statement and returns in accordance with the provisions of this Act, the rules and the bye-laws; (e) Convening meetings of the general body of the multi-State co-operative society, the board and the Executive Committee and other committees or sub-committees constituted under sub-section (1) of section 46-and maintaining proper records for such meetings; (f) Making appointments to posts in the multi-State co-operative society in accordance with the rules made under clause (e) of sub-section (2) of section 42-except the posts in relation to which the powers of appointment vests in the board under clause (d) of that sub-section; (g) Assisting the board in the formulation of policies and objectives and planning; (h) Furnishing to the board periodical information necessary for appraising the operations and functions of the multi-State co-operative society. (i) Performing such other duties, and exercising such other powers, as may be prescribed or as may be specified in the bye-laws of the multi-State co-operative society. Section 46 - Committees of the board (1) The board may, subject to.....
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Chapter II
Title: Central Registrar and Registration of Multi-state Co-operative Societies
State: Central
Year: 2002
.....require. Section 7 - Registration (1) If the Central Registrar is satisfied-- (a) that the application complies with the provisions of this Act and the rules; (b) that the proposed multi-State co-operative society satisfies the basic criterion that its objects are to serve the interests of members in more than one State; (c) that its bye-laws provide for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles; (d) that the proposed bye-laws are not contrary to the provisions of this Act and the rules, he may register the multi-State co-operative society and its bye-laws. (2) The application for registration shall be disposed of by the Central Registrar within a period of four months from the date of receipt thereof by him. (3) Where the Central Registrar refuses to register a multi-State co-operative society, he shall communicate, within a period of four months from the date of receipt of the application for registration, the order of refusal together with the reasons therefor to the applicant or applicants, as the case may be: Provided that no order of refusal shall be made unless the.....
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Chapter V
Title: Direction and Management of Multi-state Co-operative Societies
State: Central
Year: 2002
.....for the refusal or failure to convene the special general meeting. Section 41 - Board of directors (1) Subject to the provisions of this Act and rules, there shall be a board of directors for every multi-State co-operative society consisting of such number of members as specified in sub-section (3). (2) The members of a multi-State co-operative society, by a resolution in a general meeting, shall elect directors who shall be members of board. (3) The board shall consist of such number of directors as may be specified in the bye-laws: Provided that the maximum number of directors in no case shall exceed twenty-one: Provided further that the board may co-opt we directors in addition to twenty-one directors specified in the first proviso: Provided also that the functional directors in the national co-operative societies shall also be the members of the board and such members shall be excluded for the purpose of counting the total number of directors specified in the first proviso. Section 42 - Association of employees in management decision making process Every multi-State co-operative society shall devise such procedure, as may be specified in the bye-laws.....
View Complete Act List Judgments citing this sectionKarnataka Co-operative Societies Act, 1959 Chapter IV
Title: Management of Co-operative Societies
State: Karnataka
Year: 1959
.....any contract made with suchco-operative society or in the sale or purchase made by such co-operative society privately or in auction or in any contract or transaction of the cooperative society (other than investment and borrowing) involving financial interests in that contract, sale, purchase or transaction; (c) 1 [he or any of his near relation carries] on a business of the kind carried on by such co-operative society or by a co-operative society of which such co-operative society is a member; 2 [Provided that if any question arises as to whether any person is near relation or not, the case shall be decided by the Registrar and his decision shall be final.] (d) he is employed as legal practitioner on behalf of such co-operativesociety or accepts employment as legal practitioner against such cooperative society; (e) he is a paid employee of such co-operative society or of itsfinancing bank; 3 [Provided that nothing in this clause shall apply to the Chief Executive of such co-operative society.] (f) he is a near relation of a paid employee of such co-operativesociety. 4 [Explanation.--For the purpose of 1 [this clause and clause (c)] 'near relation' means,-- (i).....
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