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Legal Library
THE DELHI CO-OPERATIVE SOCIETIES ACT, 1972
All Acts
THE DELHI CO-OPERATIVE SOCIETIES ACT, 1972
ACT NO. 35 OF 1972 · Enacted [17th June, 1972.] · 98 sections
PRELIMINARY
Section 1.
Short title, extent and commencement.
Section 2.
Definitions.
REGISTRATION OF CO-OPERATIVE SOCIETIES
Section 3.
Registrar.
Section 4.
Societies which may be registered.
Section 5.
Restrictions on registration.
Section 6.
Restrictions on holding of shares.
Section 7.
Application for registration.
Section 8.
Power of the Registrar to decide certain questions.
Section 9.
Registration.
Section 10.
Registration certificate.
Section 11.
Amendment of bye-laws of a co-operative society.
Section 12.
When amendments of bye-laws come into force.
Section 13.
Change of name.
Section 14.
Change of liability.
Section 15.
Amalgamation, transfer of assets and liabilities and division of co-operative societies.
Section 16.
Power to direct amalgamation, division and reorganisation in public interest etc.
Section 17.
Registrar to prepare scheme of amalgamation of co-operative bank in certain cases.
Section 18.
Liability of a co-operative bank to the Deposit Insurance Corporation.
Section 19.
Cancellation of registration certificates of co-operative societies in certain cases.
MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS AND LIABILITIES
Section 20.
Persons who may become members.
Section 21.
Nominal or associate members.
Section 22.
Member not to exercise rights till due payment made.
Section 23.
Votes of members.
Section 24.
Manner of exercising vote.
Section 25.
Restriction on transfer of shares or interest.
Section 26.
Transfer of interest on death of members.
Section 27.
Liability of past member and estate of deceased member.
MANAGEMENT OF CO-OPERATIVE SOCIETIES
Section 28.
Final authority in a co-operative society.
Section 29.
Annual general meeting.
Section 30.
Special general meeting.
Section 31.
Election and nomination of members of committees.
Section 32.
Supersession of committee.
Section 33.
Securing possession of records, etc.
Section 34.
Acts of co-operative societies not to be invalidated by certain defects.
PRIVILEGES OF CO-OPERATIVE SOCIETIES
Section 35.
Co-operative societies to be bodies corporate.
Section 36.
First charge of co-operative society on certain assets.
Section 37.
Charge on immovable property of members borrowing loans from certain societies.
Section 38.
Charge and set-off in respect of share or contribution or interest of members.
Section 39.
Share or contribution or interest not liable to attachment.
Section 40.
Register of members.
Section 41.
Admissibility of copy of entry as evidence.
Section 42.
Exemption from compulsory registration of instruments.
Section 43.
Exemption from certain taxes, fees and duties.
Section 44.
Deduction from salary to meet co-operative society’s claim in certain cases.
Section 45.
Other forms of State aid to co-operative societies.
PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES
Section 46.
Funds not to be divided by way of profit.
Section 47.
Contribution to charitable purpose.
Section 48.
Contribution to Co-operative Education Fund.
Section 49.
Investment of funds.
Section 50.
Restrictions on loans.
Section 51.
Restrictions on borrowings.
Section 52.
Restrictions on other transactions with non-members.
AUDIT, INQUIRY, INSPECTION AND SURCHARGE
Section 53.
Audit.
Section 54.
Inspection of societies.
Section 55.
Inquiry by Registrar.
Section 56.
Inspection of books of indebted societies.
Section 57.
Costs of inquiry.
Section 58.
Recovery of costs.
Section 59.
Surcharge.
SETTLEMENT OF DISPUTES
Section 60.
Disputes which may be referred to arbitration.
Section 61.
Reference of disputes to arbitration.
Section 62.
Power of financing bank to proceed.
WINDING UP OF CO-OPERATIVE SOCIETIES
Section 63.
Winding up of co-operative societies.
Section 64.
Winding up of co-operative banks at the direction of the Reserve Bank.
Section 65.
Reimbursement to the Deposit Insurance Corporation by the liquidator.
Section 66.
Liquidator.
Section 67.
Powers of liquidator.
Section 68.
Priority of contributions assessed by liquidator.
Section 69.
Power of Registrar to cancel registration of a co-operative society.
EXECUTION OF AWARDS, DECREES, ORDERS AND DECISIONS
Section 70.
Enforcement of charge.
Section 71.
Execution of orders, etc.
Section 72.
Execution of orders of liquidator.
Section 73.
Attachment before award.
Section 74.
Registrar or person empowered by him to be civil court for certain purposes.
Section 75.
Recovery of sums due to Government.
APPEALS AND REVISION
Section 76.
Appeals.
Section 77.
No appeal or revision in certain cases.
Section 78.
Delhi Co-operative Tribunal.
Section 79.
Review of orders of Tribunal.
Section 80.
Revision.
Section 81.
Interlocutory orders.
OFFENCES AND PENALTIES
Section 82.
Offences.
Section 83.
Cognizance of offence.
Section 84.
Address of societies.
Section 85.
Copy of Act, rules and bye-laws, etc., to be open to inspection.
Section 86.
Prohibition against the use of the word “co-operative”.
Section 87.
Power to exempt societies from conditions as to registration.
Section 88.
Power to exempt co-operative societies from provisions of the Act.
Section 89.
Liquidator to be public servant.
Section 90.
Notice necessary in suits.
Section 91.
Companies Act not to apply.
Section 92.
Saving of existing societies.
Section 93.
Bar of jurisdiction of courts.
Section 94.
Powers of civil court.
Section 95.
Indemnity.
Section 96.
Qualifications, remuneration and other conditions of service of employees of co-operative societies.
Section 97.
Rules.
Section 98.
Repeal and savings.