The Delhi Co-Operative Societies Act,1972

The Delhi Co-Operative Societies Act,1972

CONTENTS

Sections

Particulars

Preamble
Chapter I Preliminary
1 Short Title, Extent and Commencement.
2 Definitions.
Chapter II Registration of Co-Operatives Societies.
3 Registrar.
4 Societies which may be registered.
5 Restrictions on registration.
6 Restrictions of holding of shares.
7 Application for registration.
8 Power of the Registrar to decide certain questions.
9 Registration.
10 Registration certificate.
11 Amendment of bye.
12 When amendments of bye-laws come into force.
13 Change of name.
14 Change of liability.
15 Amalgamation, transfer of assets and liabilities and division of co-operative societies.
16 Power to direct amalgamation, division and reorganisation in public.
17 No order shall be made under this section, unless.
18 Registrar to prepare scheme of amalgamation of co-operative bank in certain cases.
19 Liability of a co-operative bank to the Deposit Insurance Corporation.
20 Cancellation of registration certificates of co-operative societies in certain cases.
Chapter III Members of Co-Operative Societies and their rights and liabilities.
21 Persons who may become members.
22 Nominal or associate members.
23 Member not to exercise rights till due payment made.
24 Votes of members.
25 Manner of exercising vote.
26 Transfer of interest on death of members.
27 Liability of past member and estate of decased member.
Chapter IV Management of Co-Operative Societies.
28 Final authority in a co-operative society.
29 Annual general meeting.
30 Special general meeting.
31 Election and nomination of members of committees.
32 Suppression of committee.
33 Securing possession of records etc.
34 Acts of co-operative societies not to be in validated by certain.
Chapter V Co-operative societies to be bodies corporate.
35 Co-operative societies to be bodies corporate.
36 First charge of co-operative society on certain assets.
37 Charge on immovable property of members borrowing loans from certain societies.
38 Charge set-off and in respect of share or contribution or interest of.
39 Share or contribution or interest not liable to attachment.
40 Register of members.
41 Admissibility of copy of entry as evidence.
42 Exemption from compulsory registration of instruments.
43 Exemption from certain taxes, fees and duties.
44 Deduction from salary to meet co-operative society’s claim in certain cases.
45 Other forms of State aid to co-operative societies.
Chapter VI Properties and Funds of co-operative societies.
46 Funds not to be divided by way of profit.
47 Contribution to charitable purpose.
48 Contribution to Co-operative Education fund.
49 Investment of funds.
50 Restrictions on loans.
51 Restrictions on borrowings.
52 Restrictions on other transactions with non-members.
Chapter VII Audit, Inquiry, Inspection and Surcharge.
53 Audit.
54 Inspection of societies.
55 Inquiry by Registrar.
56 Inspection of books of indebted societies.
57 Costs of Inquiry.
58 Recovery of costs.
59 Surcharge.
Chapter VIII Settlement of Disputes.
60 Disputes which may be referred to arbitration.
61 Reference of disputes to arbitration.
62 Power of financing bank to proceed.
Chapter IX Winding up of co-operative societies
63 Winding up of co-operative societies.
64 Winding up of co-operative bank at the direction of the Reserve Bank.
65 Reimbursement to the Deposit Insurance Corporation by the Liquidator.
66 Liquidator.
67 Powers of liquidator.
68 Priority of contributions assessed by liquidator.
69 Power to Registrar of cancel registration of a co-operative society.
Chapter X Enforcement of charge
70 Enforcement o
f charge.
71 Execution of order etc.
72 Execution of orders of liquidator.
73 Attachment before award.
74 Registrar or person empowered by him to be civil court for certain purposes.
75 Recovery of sums due to Government.
Chapter XI Appeals and Revisions
76 Appeals.
77 No appeal of revision in certain cases.
78 Delhi Co-operative Tribunal.
79 Review of orders of Tribunal.
80 Revision.
81 Interlocutory orders.
Chapter XII Offences and Penalties
82 Offences.
83 Cognizance of offence.
84 Copy of Act, rules and bye-laws , to be open to inspection.
85 Prohibition against the use of the word “co-operative”.
86 Power to exempt societies from conditions as to registration.
87 Power to exempt co-operative societies from provisions of the Act.
88 Notices necessary in suits.
89 Companies Act, not to apply.
90 Saving of existing societies.
91 Bar of jurisdiction of courts.
92 Powers of civil court.
93 Indemnity.
94 Qualifications, remuneration and other conditions of service of employees of co-operative societies.
95 Repeal and savings.

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