Bare Act Search Results

Co-operative Societies Act, 1912 Section 20

Title: Charge and Set-off in Respect of Shares or Interest of Member

State: Central

Year: 1912

A registered society shall have a charge upon the share or interest in the capital and on the deposits of a member or past member and upon any dividend, bonus or profits payable to a member or past member in respect of any debt due from such member or past member to the society, and may set-off any sum credited or payable to member or past member in or towards payment of such debt.

Co Operative Societies Act, 1912 Complete Act

State: Central

Year: 1912

.....law relating to Co-operative Societies. It is hereby enacted as follows: CHAPTER 01: PRELIMINARY SECTION 01: SHORT TITLE AND EXTENT (1) This Act may be called The Co-operative Societies Act, 1912; and (2) It extends to2[the whole of India except3[the territories which immediately before the 1st November, 1956, were comprised in Part B States.].] SECTION 02: DEFINITIONS - In this Act, unless there is anything repugnant in the subject or context,- (a) "bye-laws" means the registered by-laws for the time being in force, and includes a registered amendment of the bye-laws; (b) "committee"- means the governing body of a registered society to whom the management of its affairs is entrusted; (c) "member" includes a person joining in the application for the registration of a society and a person admitted to membership after registration in accordance with the by-laws and any rules; (d) "officer" includes a chairman, secretary, treasurer, member of committee, or other person empowered under the rules or the by-laws to give directions in regard to the business of the society; (e) "registered society" means a society registered or deemed to be registered under this Act; .....

Co-operative Societies Act, 1912 Complete Act

Title: Co-operative Societies Act, 1912

State: Central

Year: 1912

.....made Section13 - Votes of members Section14 - Restrictions on transfer of share or interest Section15 - Address of societies Section16 - Copy of Act, rules and by-laws to be open to inspection Section17 - Audit Section18 - Societies to be bodies corporate Section19 - Prior claim of society Section20 - Charge and set-off in respect of shares or interest of member Section21 - Share or interest not liable to attachment Section22 - Transfer of interest on death of members Section23 - Liability of past member Section24 - Liability of the estates of deceased member Section25 - Register of members Section26 - Proof of entries in societies books Section27 - Exemption from compulsory registration of instruments relating to shares and debentures of registered society Section28 - Power to exempt from income-tax, stamp-duty and registration fees Section29 - Restriction on loans Section30 - Restrictions on borrowing Section31 - Restrictions on other transactions with non-members Section32 - Investment of funds Section33 - Funds not to be divided by way of profit Section34 - Contribution to charitable purpose Section35 - Inquiry by Registrar Section36 - Inspection of.....