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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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Medical Termination of Pregnancy (Amendment) Act, 2002 Complete Act

Title: Medical Termination of Pregnancy (Amendment) Act, 2002

State: Central

Year: 2002

Preamble1 - MEDICAL TERMINATION OF PREGNANCY (AMENDMENT) ACT, 2002 Section1 - Short title and Copmmencement Section2 - Amendment of section 2 Section3 - Amendment of section 3 Section4 - Substitution of new section for section 4 Section5 - Amendment of section 5

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Multi-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.....

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Multi-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.....

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Multi-state Co-operative Societies Act, 2002 Chapter IV

Title: Members of Multi-state Co-operative Societies and their Duties, Rights and Liabilities

State: Central

Year: 2002

.....of a multi-State co-operative society except the following, namely:-- (a) an individual, competent to contract under section 11 of the Indian Contract Act, 1872; (b) any multi-State co-operative society or any co-operative society; (c) the Central Government; (d) a State Government; (e) the National Co-operative Development Corporation established under the National Co-operative Development Corporation Act, 1962; (f) any other corporation owned or controlled by the Government; (g) any Government company as defined in section 617 of the Companies Act, 1956; (h) such class or classes of persons or association of persons as may be permitted by the Central Registrar having regard to the nature and activities of a multi-State cooperative society. (2) No individual person shall be eligible for admission as a member of a national cooperative society or a federal co-operative. (3) Any person eligible for membership of a multi-State co-operative society may, on his application, be admitted as a member by such society. (4) Every application for admission as a member of a multi-State co-operative society shall be disposed of by such society within a period of four.....

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Multi-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.....

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Multi-state Co-operative Societies Act, 2002 Chapter X

Title: Winding Up of Multi-state Co-operative Society

State: Central

Year: 2002

.....shall be reimbursed by the liquidator or such other person in the circumstances, to the extent and in the manner provided in section 21 of that Act. Section 89 - Liquidator (1) Where the Central Registrar has made an order under section 86 for the winding up of a multi-State co-operative society, the Central Registrar may appoint a liquidator for the purpose and fix his remuneration. (2) A liquidator shall, on appointment, take into his custody or under his control all the property, effects and actionable claims to which the multi-State co-operative society is or appears to be entitled and shall take such steps as he may deem necessary or expedient to prevent loss or deterioration of, or damage to, such property, effects and claims and he may carry on the business of the multi-State co-operative society so far as may be necessary with the previous approval of the Central Registrar. (3) Where an appeal is preferred under clause (1) of sub-section (1) of section 99, an order for the winding up of a multi-State co-operative society made under section 86 shall not operate thereafter until the order is confirmed in appeal: Provided that the liquidator shall continue to.....

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Multi-state Co-operative Societies Act, 2002 Chapter VII

Title: Properties and Funds of Multi-state Co-operative Societies

State: Central

Year: 2002

.....Act, 1970(5 of 1970) or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980(40 of 1980). Section 65 - Restriction on contribution No multi-State co-operative society shall make a contribution, either in money or in kind, whether directly or indirectly, to an institution which has an object of furtherance of the interest of a political party. Section 66 - Restriction on loans (1) A multi-State co-operative society, other than a co-operative bank, shall not make a loan to a member on the security of his share or on the security of a non-member. (2) Notwithstanding anything contained in sub-section (1), a multi-State co-operative society may make a loan to a depositor on the security of his deposit. Section 67 - Restrictions on borrowing (1) A multi-State co-operative society may receive deposits, raise loans and receive grams from external sources to such extent and under such conditions as may be specified in the bye-laws: Provided that the total amount of deposits and loans received during any financial year shall not exceed ten times of the sum of subscribed share capital and.....

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Multi-state Co-operative Societies Act, 2002 Chapter XIII

Title: Societies Which Become Multi-state Co-operative Societies Consequent on Reorganisation 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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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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