Multi-State Co-Operative Societies Act, 2002

Section - 1 - Short title, extent and commencement

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Section - 2 - Application

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Section - 3 - Definitions

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Section - 4 - Central Registrar

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Section - 5 - Multi-State co-operative societies which may be registered

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Section - 6 - Application for registration

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Section - 7 - Registration

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Section - 8 - Registration certificate

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Section - 9 - Multi-State co-operative society to be body corporate

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Section - 10 - Bye-laws of multi-State co-operative societies

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Section - 11 - Amendment of bye-laws of a multi-State co-operative society

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Section - 12 - When amendment of bye-laws comes into force

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Section - 13 - Change of name

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Section - 14 - Change of address

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Section - 15 - Publication of name by multi-State co-operative society

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Section - 16 - Liability

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Section - 17 - Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies

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Section - 18 - Central registrar to prepare scheme of amalgamation or reorganisation of a co-operative bank in certain cases

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Section - 19 - Promotion of subsidiary institution

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Section - 20 - Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation

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Section - 21 - Cancellation of registration certificate of multi-State co-operative societies in certain cases

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Section - 22 - Conversion of a co-operative society into a multi-State co-operative society

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Section - 23 - Registration of federal co-operative

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Section - 24 - Functions of federal co-operative

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Section - 25 - Persons who may become members

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Section - 26 - Nominal or associate member of society

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Section - 27 - Educational course for members

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Section - 28 - Members not to exercise rights till due payment made

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Section - 29 - Disqualification for member of a multi-State co-operative society

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Section - 30 - Expulsion of members

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Section - 31 - Vote of members

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Section - 32 - Manner of exercising vote

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Section - 33 - Restriction on holding of shares

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Section - 34 - Restriction on transfer of shares or interest

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Section - 35 - Redemption of shares

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Section - 36 - Transfer of interest on death of members

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Section - 37 - Liabilities of past member and estate of deceased member

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Section - 38 - Constitution, powers and functions of general body

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Section - 39 - Annual general meeting of general body

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Section - 40 - Special general meeting of general body

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Section - 41 - Board of directors

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Section - 42 - Association of employees in management decision making process

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Section - 43 - Disqualifications for being a member of board

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Section - 44 - Prohibition to hold office of chairperson or president or vice-chairman or vice president in certain cases

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Section - 45 - Elections of members of board

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Section - 45A - Power of Chairperson

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Section - 45B - Removal and suspension of Chairperson, Vice-Chairperson and Members

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Section - 45C - Disclosure and declaration of interest

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Section - 45D - Resignation of Members

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Section - 45E - Filling of casual vacancy

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Section - 45F - Restriction of re-employment

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Section - 45G - Vacancies, etc., not to invalidate proceedings of Authority

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Section - 45H - Meetings of Authority

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Section - 45-I - Functions of Authority

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Section - 45J - Elections of members of board

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Section - 45K - Appointment of Returning Officer and other officers

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Section - 45L - Power to issue directions

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Section - 46 - Holding of office in co-operative society

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Section - 47 - Removal of elected members by general body

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Section - 48 - Nominee of Central Government or State Government on board

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Section - 49 - Powers and functions of board

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Section - 50 - Meetings of board

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Section - 51 - Chief Executive

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Section - 52 - Powers and functions of Chief Executive

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Section - 53 - Committees of board

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Section - 54 - Securing possession of records, etc.

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Section - 55 - Charge and set-off in respect of share or contribution or interest of members

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Section - 56 - Share or contribution or interest not liable to attachment

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Section - 57 - Register of members

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Section - 58 - Admissibility of copy of entry as evidence

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Section - 59 - Exemption from compulsory registration of instruments

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Section - 60 - Deduction from salary to meet multi-State co-operative society's claim in certain cases

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Section - 61 - Government aid to multi-State co-operative societies

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Section - 62 - Funds not to be divided by way of profit

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Section - 63 - Disposal of net profits

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Section - 63A - Establishment of Co-operative Rehabilitation, Reconstruction and Development Fund

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Section - 63B - Rehabilitation and reconstruction of sick societies

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Section - 63C - Financial assistance to multi-State co-operative societies for development

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Section - 64 - Investment of funds

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Section - 65 - Restriction on contribution

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Section - 66 - Restriction on loans

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Section - 67 - Restrictions on borrowing

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Section - 68 - Restriction on other transactions with non-members

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Section - 69 - Contributory provident fund

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Section - 70 - Appointment and remuneration of auditors

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Section - 70A - Concurrent Audit

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Section - 71 - Provision as to resolutions for appointing or removing auditors

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Section - 72 - Qualifications and disqualifications of auditors

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Section - 73 - Powers and duties of auditors

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Section - 74 - Signature of audit report, etc.

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Section - 75 - Reading and inspection of auditor's report

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Section - 76 - Right of auditor to attend general meeting

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Section - 77 - Power of Central Government to direct special audit in certain cases

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Section - 78 - Inquiry by Central Registrar

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Section - 79 - Inspection of multi-State co-operative societies

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Section - 80 - Inspection of books of indebted multi-State co-operative societies

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Section - 81 - Costs of inquiry and inspection

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Section - 82 - Recovery of costs

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Section - 83 - Repayment, etc.

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Section - 84 - Reference of disputes

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Section - 85 - Limitation

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Section - 85A - Redressal of Complaints

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Section - 86 - Winding up of multi-State co-operative societies

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Section - 87 - Winding up of co-operative bank at the direction of Reserve Bank

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Section - 88 - Reimbursement to the Deposit Insurance Corporation by liquidator

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Section - 89 - Liquidator

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Section - 90 - Powers of liquidator

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Section - 91 - Disposal of surplus assets

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Section - 92 - Priority of contributions assessed by liquidator

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Section - 93 - Power of Central Registrar to cancel registration of a multi-State co-operative society

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Section - 94 - Execution of decisions, etc.

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Section - 95 - Execution of orders of liquidators

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Section - 96 - Attachment before award

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Section - 97 - Central Registrar or arbitrator or person authorised to be civil court for certain purposes

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Section - 98 - Recovery of sums due to Government

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Section - 98A - Review of decision

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Section - 99 - Appeals

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Section - 100 - No appeal in certain cases

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Section - 101 - Review

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Section - 102 - Interlocutory orders

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Section - 103 - Co-operative societies functioning immediately before reorganisation of States

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Section - 104 - Offences and penalties

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Section - 105 - Cognizance of offences

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Section - 105A - Provisions of this Act not in derogation of any other law

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Section - 106 - Copies of byelaws, etc., to be open to inspection

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Section - 106A - Copy of rules and bye-laws, etc., for inspection

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Section - 107 - Place of keeping and inspection of, registers and returns

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Section - 108 - Inspection of books of account, etc., of multi-State co-operative society

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Section - 109 - Annual accounts and balance-sheet

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Section - 110 - Minutes of proceedings of general meetings and of board and other meetings

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Section - 111 - Minutes to be evidence

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Section - 112 - Presumptions to be drawn where minutes duly drawn and signed

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Section - 113 - Inspection of minutes book of general meetings

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Section - 114 - Liquidator to be public servant

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Section - 115 - Notice necessary in suits

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Section - 116 - Power to amend Second Schedule

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Section - 117 - Bar of jurisdiction of courts

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Section - 118 - Indemnity

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Section - 119 - Opening of branches

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Section - 120 - Filing of returns

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Section - 120A - Filing of applications, documents, inspections, etc., in electronic form

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Section - 120B - Application of Banking Regulation Act, 1949

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Section - 121 - Certain Acts not to apply

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Section - 122 - Central Government's power to give directions to specified multi-State co-operative societies in public interest

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Section - 123 - Supersession of board of specified multi-State co-operative society

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Section - 124 - Power to make rules

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Section - 125 - Power to remove difficulties

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Section - 126 - Repeal and saving

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Schedule I - CO-OPERATIVE PRINCIPLES

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Schedule II - LIST OF NATIONAL CO-OPERATIVE SOCIETIES

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Schedule III - -

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