SECTIONS | Multi-State Co-operative Societies Act, 2002 |
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| Preamble |
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| CHAPTER I: PRELIMINARY |
1. | Short title, extent and commencement |
2. | Application |
3. | Definitions |
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| CHAPTER II: CENTRAL REGISTRAR AND REGISTRATION OF MULTI-STATE CO-OPERATIVE SOCIETIES |
4. | Central Registrar |
5. | Multi-State co-operative societies which may be registered |
6. | Application for registration |
7. | Commanding officer of persons subject to air force law under clause (d) of section 2 |
8. | Registration certificate |
9. | Multi-State co-operative society to be body corporate |
10. | Bye-laws of multi-State co-operative societies |
11. | Amendment of bye-laws of a multi-State co-operative society |
12. | When amendment of bye-laws comes into force |
13. | Change of name |
14. | Change of address |
15. | Publication of name by multi-State co-operative society |
16. | Liability |
17. | Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies |
18. | Central Registrar to prepare scheme of amalgamation or reorganization of a co-operative bank in certain cases |
19. | Promotion of subsidiary institution |
20. | Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation |
21. | Cancellation of registration certificate of multi-State co-operative societies in certain cases |
22. | Conversion of a co-operative society into a multi-State co-operative society |
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| CHAPTER III: REGISTRATION AND FUNCTIONS OF FEDERAL CO-OPERATIVES |
23. | Registration of federal co-operative |
24. | Functions of federal co-operative |
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| CHAPTER IV: MEMBERS OF MULTI-STATE CO-OPERATIVE SOCIETIES AND THEIR DUTIES, RIGHTS AND LIABILITIES |
25. | Persons who may become members |
26. | Nominal or associate member of society |
27. | Educational course for members |
28. | Members not to exercise rights till due payment made |
29. | Disqualification for member of a multi-State co-operative society |
30. | Expulsion of members |
31. | Vote of members |
32. | Manner of exercising vote |
33. | Restriction on holding of shares |
34. | Restriction on transfer of shares or interest |
35. | Redemption of shares |
36. | Transfer of interest on death of members |
37. | Liabilities of past member and estate of deceased member |
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| CHAPTER V: DIRECTION AND MANAGEMENT OF MULTI-STATE CO-OPERATIVE SOCIETIES |
38. | Constitution, powers and functions of general body |
39. | Annual general meeting of general body |
40. | Special general meeting of general body |
41. | Board of directors |
42. | Association of employees in management decision making process |
43. | Disqualifications for being a member of board |
44. | Prohibition to hold office of chairperson or president or vice-chairperson or vice-president in certain cases |
45. | Elections of members of board |
46. | Holding of office in co-operative society |
47. | Removal of elected members by general body |
48. | Nominee of Central Government or State Government on board |
49. | Powers and functions of board |
50. | Meeting of board |
51. | Chief Executive |
52. | Powers and functions of Chief Executive |
53. | Committees of board |
54. | Securing possession of records, etc |
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| CHAPTER VI: PRIVILEGES OF MULTI-STATE CO-OPERATIVE SOCIETIES |
55. | Charge and set-off in respect of share or contribution or interest of members |
56. | Share or contribution or interest not liable to attachment |
57. | Register of members |
58. | Admissibility of copy of entry as evidence |
59. | Exemption from compulsory registration of instruments |
60. | Deduction from salary to meet multi-State co-operative society's claim in certain cases |
61. | Government aid to multi-State co-operative societies |
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| CHAPTER VII: PROPERTIES AND FUNDS OF MULTI-STATE CO-OPERATIVE SOCIETIES |
62. | Funds not to be divided by way of profits |
63. | Disposal of net profits |
64. | Investment of funds |
65. | Restriction on contribution |
66. | Restriction on loans |
67. | Restriction on borrowing |
68. | Restriction on other transactions with non-members |
69. | Contributory provident fund |
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| CHAPTER VIII: AUDIT, INQUIRY, INSPECTION AND SURCHARGE |
70. | Appointment and remuneration of auditors |
71. | Provision as to resolutions for appointing or removing auditors |
72. | Qualifications and disqualifications of auditors |
73. | Powers and duties of auditors |
74. | Signature of audit report, etc. |
75. | Reading and inspection of auditor's report |
76. | Right of auditor to attend general meeting |
77. | Power of Central Government to direct special audit in certain cases |
78. | Inquiry by Central Registrar |
79. | Inspection of multi-State co-operative societies |
80. | Inspection of books of indebted multi-State co-operative societies |
81. | Costs of inquiry and inspection |
82. | Recovery of costs |
83. | Repayment, etc. |
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| CHAPTER IX: SETTLEMENT OF DISPUTES |
84. | Reference of disputes |
85. | Limitation |
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| CHAPTER XL WINDING UP OF MULTI-STATE CO-OPERATIVE SOCIETY |
86. | Winding up of multi-State co-operative societies |
87. | Winding up of co-operative bank at the direction of Reserve Bank |
88. | Reimbursement to the Deposit Insurance Corporation by liquidator |
89. | Liquidator |
90. | Powers of liquidator |
91. | Disposal of surplus assets |
92. | Priority of contributions assessed by liquidator |
93. | Power of Central Registrar to cancel registration of a multi-State co-operative society |
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| CHAPTER XI: EXECUTION OF DECREES, ORDERS AND DECISIONS |
94. | Execution of decisions, etc. |
95. | Execution of orders of liquidator |
96. | Attachment before award |
97. | Central Registrar or arbitrator or person authorized to be civil court for certain purposes |
98. | Recovery of sums due to Government |
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| CHAPTER XII: APPEALS AND REVIEW |
99. | Appeals |
100. | No appeal in certain cases |
101. | Review |
102. | Interlocutory orders |
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| CHAPTER XIII: SOCIETIES WHICH BECOME MULTI-STATE CO-OPERATIVE SOCIETIES CONSEQUENT ON REORGANISATION OF STATES |
103. | Co-operative societies functioning immediately before reorganization of States |
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| CHAPTER XIV: OFFENCES AND PENALTIES |
104. | Offences and penalties |
105. | Cognizance of offences |
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| CHAPTER XV: MISCELLANEOUS |
106. | Copies of bye-laws, etc., to be open to inspection |
107. | Place of keeping and inspection of, registers and returns |
108. | Inspection of books of account, etc., of multi-State co-operative society |
109. | Annual accounts and balance-sheet |
110. | Minutes of proceedings of general meetings and board and other meetings |
111. | Minutes to be evidence |
112. | Presumptions to be drawn where minutes duly drawn and signed |
113. | Inspection of minutes book of general meetings |
114. | Liquidator to be public servant |
115. | Notice necessary in suits |
116. | Power to amend Second Schedule |
117. | Bar of jurisdiction of courts |
118. | Indemnity |
119. | Opening of branches |
120. | Filling of returns |
121. | Certain Acts not to apply |
122. | Central Government's power to give directions to specified multi-State co-operative societies in public interest |
123. | Supersession of board of specified multi-State co-operative society |
124. | Power to make rules |
125. | Power to remove difficulties |
126. | Repeal and saving |