Co-operative Societies Act(CHAPTER 62)
Table of Contents
Long Title
Part I PRELIMINARY
1 Short title
2 Interpretation
3 Appointment of Registrar and Assistant Registrars
Part II FORMATION AND REGISTRATION OF SOCIETIES
4 Societies which may be registered
5 Conditions of registration
6 Name of society
7 Application for registration
8 Requirements before registration
9 Registration
10 Evidence of registration
Part III PRIVILEGES AND DUTIES OF SOCIETIES
11 Societies to be bodies corporate
12 Acts of societies not to be invalidated by certain defects
13 Power to federate
14 Power to make by-laws
15 Amendment and registration of by-laws
16 By-laws to bind members
17 Address of society
18 Register of members and shares
19 Registration of officers of societies
20 Copy of this Act, Rules, by-laws and list of members open to inspection
21 Contracts with members
22 Imposition of fines upon members
23 Creation of charges in favour of societies
24 Charge and set-off in respect of shares or interest of members
25 Shares or interest not liable to attachment or sale
26 Transfer of shares or interest on death or permanent insanity of a member
27 Deposits by or on behalf of minors
28 Contracts with members of society who are minors
29 Proof of entries in the books of society
30 Government assistance
31 Production of moneys and books of societies
32 Submission of minutes, returns and statements
33 Audit of societies
34 Annual reports, accounts and financial statements
35 Duties of auditor
36 Powers of auditor on audit matters
37 Audit fees
Part IV RIGHTS AND LIABILITIES OF MEMBERS
38 Original members
39 Qualifications for membership
40 Members not to exercise rights until due payment made
41 Restriction of membership
42 Votes of members
43 Restriction on shareholding
44 Restriction on transfer of shares or interest
45 Nomination
46 Liability of a member limited by shares or by guarantee
47 Liability of past member and of the estate of deceased member for debts of society
48 Right of member to withdraw from society
49 Expulsion of member
Part V ORGANISATION AND MANAGEMENT OF SOCIETIES
50 General meeting
51 Meeting of delegates
52 First meeting
53 Annual general meeting
54 Functions of annual general meeting
55 Extraordinary general meeting
56 Quorum at general meeting
57 Voting at general meeting
58 Minutes of general meeting
59 Constitution of committee of management
60 Eligibility for membership of committee of management
61 Functions of committee of management
62 Meetings of committee of management
63 Liability of members of committee of management
64 Restrictions relating to honoraria, etc., of members of committee of management
65 Officers of society
Part VI PROPERTY AND FUNDS OF SOCIETIES
66 Capital
67 Restrictions on loans
68 Restrictions on borrowing
69 Investment of funds
70 Reserve Fund
71 Central Co-operative Fund
72 Distribution of net surplus
73 Bonus certificates and bonus shares
Part VII AMALGAMATION AND TRANSFER
74 Amalgamation of societies
75 Transfer of societies
Part VIII DUTIES AND POWERS OF REGISTRAR
76 Assistance in organisation of co-operatives and technical advice
77 Power of Registrar to inspect books of societies
78 Power of Registrar to audit accounts of societies
79 Inquiry by Registrar
80 Examination of books of indebted society
81 Communication of defects in the working of societies
82 Costs of inquiry and examination
83 Dissolution of societies
84 Powers of liquidator
85 Powers of Registrar to control liquidation
86 Enforcement of order
87 Limitation of jurisdiction of civil court
88 Disposal of assets on liquidation
89 Cancellation of registration
90 Surcharge and attachment
91 Settlement of disputes
92 Case stated on question of law
93 Miscellaneous powers of Registrar
94 Extraordinary powers of Registrar
Part IX MISCELLANEOUS
95 Power of Minister to make rules
96 Special power of Minister to grant exemption from requirements as to registration
97 Special power of Minister to exempt societies from provisions of this Act
98 Recovery of sums due to Government
99 Prohibition on the use of the word "Co-operative"
100 Penalty for non-compliance with this Act
101 Certain Acts not to apply
102 Saving
Legislative History