Bare Acts

The Rajasthan Co-operative Societies Act, 2001

English PDF

Act Details

Act Number:

Act Year:

2002

Location:

Rajasthan

Enactment Date:

11/11/2002

Enforcement Date:

13-11-2002

Department:

Cooperative Department

All Section List

PRELIMINARY

Section 1 to Section 2

Section 1

Short title, commencement and extent

Section 2

Definitions

INCORPORATION

Section 3 to Section 14

Section 3

Promotion of Co-operative movement

Section 4

Registrar

Section 5

Application for registration of co-operative societies

Section 6

Registration

Section 7

Co-operative Societies to be bodies corporate -

Section 8

Bye-laws

Section 9

Change of name of co-operative society

Section 10

Amendment of bye-laws

Section 11

Proposal by Registrar for amendment in the bye-laws

Section 12

Transfer of assets and liabilities, division and amalgamation of co-operative societies

Section 13

Proposal by Registrar for amalgamation, division and reorganisation in public interest etc.

Section 14

Cancellation of registration certificates of co-operative societies in certain cases -

MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS AND LIABILITIES

Section 15 to Section 23

Section 15

Membership

Section 16

Cessation of membership

Section 17

Nominal and associate member

Section 18

Member not to exercise rights till due payment made

Section 19

Votes of members

Section 20

Manner of exercising votes

Section 21

Restriction on holding of shares

Section 22

Transfer of interest on death of member

Section 23

Liability of past member and estate of deceased member -

MANAGEMENT OF CO-OPERATIVE SOCIETIES

Section 24 to Section 31

Section 24

Final authority in a co-operative society -

Section 25

Annual general meeting

Section 26

Special general meetings

Section 27

Appointment of committee -

Section 28

Disqualification of membership etc. of committees

Section 29

Nomination by the Government

Section 30

Removal of Committee or Member thereof. -

Section 31

Securing possession of records etc.

ELECTION

Section 32 to Section 37

Section 32

Election of Co-operative Society

Section 33

State Co-operative Election Authority and its function.

Section 34

Prelude to the elections.

Section 35

Election Officer

Section 36

Election Expenditure.

Section 37

Power to issue instructions -

PRIVILEGES OF CO-OPERATIVE SOCIETIES

Section 38 to Section 43

Section 38

First charge of co-operative society on certain assets -

Section 39

Charge on immovable property of members borrowing loans from certain societies

Section 40

Vesting of lands in joint farming society and registration of agreement.

Section 41

Deduction from salary to meet society's claims in certain cases

Section 42

Charge and set off in respect of shares or interest of members in the capital of a co-operative society

Section 43

Exemption from certain taxes, fees and duties

STATE AID TO CO-OPERATIVE SOCIETIES

Section 44 to Section 46

Section 44

Financial partnership or aid of the Government

Section 45

Principal and Subsidiary State Partnership Funds

Section 46

Indemnity of apex and central societies

PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES

Section 47 to Section 53

Section 47

Funds not to be divided

Section 48

Disposal of net profits

Section 49

Investment of funds

Section 50

Restrictions on borrowings

Section 51

Lending Policy

Section 52

Restrictions on other transactions with non-members

Section 53

Provident Fund

AUDIT, INQUIRY AND SURCHARGE

Section 54 to Section 57

Section 54

Accounts and Audit

Section 55

Inquiry by Registrar. -

Section 56

Inspection of books by financing bank.

Section 57

Surcharge

SETTLEMENT OF DISPUTES

Section 58 to Section 60

Section 58

Disputes which may be referred to arbitration

Section 59

Limitation

Section 60

Reference of disputes to arbitration

WINDING UP AND DISSOLUTION OF CO-OPERATIVE SOCIETIES

Section 61 to Section 66

Section 61

Winding up of Co-operative Societies.

Section 62

Insured Co-operative Bank

Section 63

Liquidator

Section 64

Powers of Liquidator.

Section 65

Termination of winding up proceedings -

Section 66

Disposal of surplus assets

LAND DEVELOPMENT BANKS

Section 67 to Section 98

Section 67

Application of Chapter to Land Development Banks

Section 68

State and Other Land Development Banks -

Section 69

Appointment, powers and functions of trustee

Section 70

Issue of debentures

Section 71

Guarantee by State Government

Section 72

Vesting of property in Trustee and debenture holder's charge on assets

Section 73

Powers of Land Development Banks to advance loans and to hold lands

Section 74

Mode of dealing with applications for loan

Section 75

Order granting loan conclusive of certain matters

Section 76

Priority of mortgage

Section 77

Mortgages executed in favour of Land Development Banks to stand vested in State Land Development Bank -

Section 78

Registration of mortgages and leases in favour of Land Development Banks -

Section 79

Mortgages not to be questioned on insolvency of mortgagers -

Section 80

Right of Land Development Banks to pay prior debts of mortgager

Section 81

Mortgage executed by managers of Hindu joint families

Section 82

Section 8 of the Central Act 32 of 1956 to apply to mortgages -

Section 83

Restrictions on leases

Section 84

Land Development Bank to receive money and give discharge -

Section 85

Power of Land Development Banks where mortgaged property is destroyed or security becomes insufficient

Section 86

Right of Land Development Bank to sell mortgaged property

Section 87

Recovery of Loans by Land Development Banks

Section 88

Power to distrain

Section 89

Sale of mortgaged property

Section 90

Confirmation of sale

Section 91

Disposal of sale proceeds

Section 92

Certificate to purchase, delivery of property, and title of purchases

Section 93

Recovery of loans on certificate by Registrar -

Section 94

Collector to make recoveries during certain period -

Section 95

Officers of Bank not to bid at sales

Section 96

Provision for Guarantee Funds to meet certain losses

Section 97

Service of notice

Section 98

Power of committee of State Land Development Bank to supervise Land Development Bank and make regulations

EXECUTION OF AWARDS, DECREES, ORDERS AND DECISIONS

Section 99 to Section 103

Section 99

Enforcement of charge -

Section 100

Execution of orders, etc.

Section 101

Attachment of property before award or order

Section 102

Recovery of sums due to Government -

Section 103

Transfer of property which cannot be sold

APPEALS, REVISION AND REVIEW

Section 104 to Section 107

Section 104

Appeal to the Registrar and the State Government

Section 105

Constitution of and appeals to the Tribunal.

Section 106

Review of orders by Tribunal

Section 107

Power of revision of the Government and the Registrar. -

OFFENCES AND PENALTIES

Section 108 to Section 110

Section 108

Prohibition against misuse of the word 'Co-operative

Section 109

Offences and punishment -

Section 110

Cognizance of offences

MISCELLANEOUS

Section 111 to Section 127

Section 111

Co-operative education and training

Section 112

Insolvency of members

Section 113

Rights of members to see books, etc

Section 114

Proof of entries in co-operative society's books

Section 115

Powers of Civil Court

Section 116

Registrar and other officers to be public servants

Section 117

Bar of jurisdiction of Courts

Section 118

Bar to Legal practitioner

Section 119

Service of notice under the Act

Section 120

Acts of co-operative societies not to be invalidated by certain defects -

Section 121

Indemnity -

Section 122

Certain Acts not to apply

Section 123

Power to make rules

Section 124

Branches etc. of society outside the State -

Section 125

Power of Registrar to rescind certain resolutions

Section 126

Power to remove difficulties

Section 127

Repeal and Savings