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The Co-operative Societies Act, 1912

50 sections · 0 chapters

Section 1 Short title and extent.
Section 2 Definitions.
Section 3 The Registrar.
Section 4 Societies which may be registered.
Section 5 Restrictions on interest of member of society with limited liability and a share capital.
Section 6 Conditions of registration.
Section 7 Power of Registrar to decide certain questions.
Section 8 Application for registration.
Section 9 Registration.
Section 10 Evidence of registration.
Section 11 Amendment of the by-laws of a registered society.
Section 12 Member not to exercise rights till due payment made.
Section 13 Votes of members.
Section 14 Restrictions on transfer of share or interest.
Section 15 Address of societies.
Section 16 Copy of Act, rules and by-laws to be open to inspection.
Section 17 Audit.
Section 18 Societies to be bodies corporate.
Section 19 Prior claim of society.
Section 20 Charge and set-off in respect of shares or interest of member.
Section 21 Shares or interest not liable to attachment.
Section 22 Transfer of interest on death of member.
Section 23 Liability of past member.
Section 24 Liability of the estates of deceased members.
Section 25 Register of members.
Section 26 Proof of entries in societies’ books.
Section 27 Exemption from compulsory registration of instruments relating to shares and debentures of registered society.
Section 28 Power to exempt from income-tax, stamp-duty and registration fees.
Section 29 Restrictions on loans.
Section 30 Restrictions on borrowing.
Section 31 Restrictions on other transactions with non-members.
Section 32 Investment of funds.
Section 33 Funds not to be divided by way of profit.
Section 34 Contribution to charitable purpose.
Section 35 Inquiry by Registrar.
Section 36 Inspection of books of indebted society.
Section 37 Costs of inquiry.
Section 38 Recovery of costs.
Section 39 Dissolution.
Section 40 Cancellation of registration of society.
Section 41 Effect of cancellation of registration.
Section 42 Winding-up.
Section 43 Rules.
Section 44 Recovery of sums due to Government.
Section 45 Power to exempt societies from conditions as to registration.
Section 46 Power to exempt registered societies from provisions of the Act.
Section 47 Prohibition of the use of the word “co-operative”.
Section 48 Indian Companies Act, 1882, not to apply.
Section 49 Saving of existing societies.
Section 50 [Repealed.].

The Co-operative Societies Act, 1912

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Section 48

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Section 48 of The Co-operative Societies Act, 1912

The provisions of the Indian Companies Act, 18821 (6 of 1882), shall not apply to registered societies.

AI notes for this section are being prepared — this page will update on its own once they’re ready.

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