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Multi-state Co-operative Societies Act, 2002 Complete Act

Title: Multi-state Co-operative Societies Act, 2002

State: Central

Year: 2002

.....of bye-laws comes into force Section13 - Change of name Section14 - Change of address Section15 - Publication of name by multi-State co-society Section16 - Liability Section17 - Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies Section18 - Central Registrar to prepare scheme of amalgamation or recorganisation of a co-operative bank in certain cases Section19 - Promotion of subsidiary institution Section20 - Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation Section21 - Cancellation of registration certificate of multi-State co-operative societies in certain cases Section22 - Conversion of a co-operative society into a multi-State co-operative society Chapter III Section23 - Registration of federal co-operative Section24 - Functions of federal co-operative Chapter IV Section25 - Persons who may become members Section26 - Nominal or associate member of society Section27 - Educational course for members Section28 - Members not to exercise rights till due payment made Section29 - Disqualification for member of a multi-State co-operative society Section30 - Expulsion of members .....

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Multi-state Co-operative Societies Act, 2002 Section 103

Title: Co-operative Societies Functioning Immediately Before Reorganization of States

State: Central

Year: 2002

.....final and shall be binding on all the societies affected by the scheme as well as the shareholders and creditors of all such societies. Explanation.-- For the purposes of this sub-section, "appropriate High Court" means the High Court within the local limits of whose jurisdiction the principal place of business of the multi-State co-operative society is situated. (5) Notwithstanding anything contained in this section, where a scheme under sub-section (2) includes any proposal regarding the transfer of the assets and liabilities of any multi-State co-operative society referred to in clause (b) thereof, the scheme shall not be binding on such multi-State co-operative society or the shareholders and creditors thereof, unless the proposal regarding such transfer is accepted by that multi-State co-operative society by a resolution passed by a majority of the members present at a meeting of its general body.

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