Bihar Cooperative Societies (Amendment) Act, 1989
AN ACT TO AMEND THE BIHAR AND ORISSA COOPERATIVE
SOCIETIES ACT, 1935.
Be, it enacted by the Legislature of the State of Bihar in
the fortieth eyar of the Republic of India as follows :-
Whereas, under Article 38 of the Constitution it shall be
duty of the State to strive to promote the welfare of the
people by securing and protecting, as effectively as it may,
the social order in which, inter alia, justice, social economic
and political.
And, Whereas the associations of the community on cooperative
basis shall be necessary for the fulfillment of the aforesaid
objective;
And, whereas, the remedial provisions as presently have not
proved effective or conclusive to the proper development of
cooperatives.
And, Whereas, it is necessary to make effective the provision
for the association of the weaker sections of the community
as well as the State for the purposes of ensuring proper functioning
and growth of the cooperative institutions;
And, whereas, with a view to placing the Cooperative Societies
on a sound financial footing, it is necessary to make provision
of State-aid Cooperative Societies in various forms such as
investment in share capital, loans, subsidies and guarantee
on the payment of the principal and interests;
And, Whereas, the State has invested large sum of public
money in purchase of shares of cooperative societies and it
is necessary to have effective State representation in their
management;
And, Therefore, it is necessary to amend the Bihar &
Orissa Cooperative Societies Act, 1935 (Bihar and Orissa Act
6, 1935):-
1. Short title and commencement.- (1) This Act may be called
the Bihar Cooperative Societies (Amendment) Act, 1989.
(2) It shall come into force at once.
2. to 11. Inserted in the body of the Act.
12. Repeal and Savings. – (1) The Bihar Cooperative
Societies (Amendment) Second Ordinance, 1989 (Bihar Ordinance
no. 24 of 1989) is hereby repealed.
(2) Notwithstanding such repeal anything done or any action
taken in exercise of any power conferred by or under the said
Ordinance shall be deemed to have been done or taken in exercise
of the powers conferred by or under this Act as if this
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