This act gave the impetus to the cooperative movement in india. Prior to that in state of baroda, an anyonya sahakari mandali was organized in 1889, which is said to be indias first cooperative arrangement. The cooperative societies act of 1912, further gave recognition to the formation of noncredit societies and the central cooperative organizations. In india a cooperative society can be registered under the cooperative societies act, 1912 or the state cooperative societies act. Assam cooperative societies act, 1949 assam act no. Short title and extent 1 this act may be called the cooperative societies act, 1912. However, a number of situations and circumstances remained unaddressed in the said act like cooperative housing sector.
Cooperative societies an act respecting the registration, supervision, and management of certain societies the members of which have a common bond of philosophy and social and economic objectives, and for related purposes. Cooperative societies act an act to amend, consolidate and reenact the laws relating to cooperative societies, credit union societies and agricultural credit societies. The history of cooperative marketing in india dates back to 1912, when theco operative marketing societies act, 1912 was passed. Formation of a cooperative society a cooperative society can be formed as per the provisions of the cooperative societies act, 1912. Rules 1 the 4state government may, for the whole or any part of the 5state and for any registered society or class of such societies, make rules to carry out the purposes of this act. Repealed schedule repealed 1 the cooperative societies act, 1925 sind act vii of 1925 4 december 1925 an act to consolidate and amend the law relating. This act has been declared to be in force in the sonthal parganas by notification under s. A cooperative society can be formed as per the provisions of the cooperative societies act, 1912.
The first cooperative society was formed in hubli in 1915 to encourage cultivation of improved cotton and to sell it collectively. Cooperative societies only became legal in britain after the passing of slaneys act in 1852. The members willing to form a society must have common bond among them. The multistate cooperative societies act, 2002 contents. This video describes cooperative movement in india. Notwithstanding anything contained in this act, the 28 state government may, by special order in each case and subject to such conditions, if any, as it may impose, exempt any society from any of the requirements of this act. Cooperative societies act, 1912 tax management india. At least ten persons above of 18 years, having the capacity to enter into a contract with common economic objectives, like farming, weaving, consuming, etc. Cooperative society means a society registered under the cooperative societies act, 1912 ii of 1912 or under any other law for the time being in force in any state for the registration of cooperative societies section 2191. Elimination of middlemen the main object of the cooperative societies is to eliminate middlemen and to establish direct contact between members and. A cooperative society must be formed under the cooperative societies act, 1912 or under the relevant state cooperative societys law. Cooperative societies act, 1912 mylegalwork online. In this act, except where the context otherwise requires. Registrar of cooperative societies for jamaica and may appoint persons to assist such registrar and may by general or special order published in the gazette, confer on any such persons all or any of the powers of a registrar under this act.
If the registrar is satisfied that a society has complied with the provisions of this act and the rules and that its proposed bylaws are not contrary. Bestrictions on interest of member of society with lin. Cooperative societies an act respecting the registration, supervision and management of cooperative societies, the members of which have a common bond of philosophy and social and economic objectives assent 29th september, 2005 commencement 4th october, 2005 1. Rangachang cooperative land syndicate was registered under cooperative societies act 1912. Restrictions on interest of member of society with limited liability and a share. According to this, a non credit societies can also be formed and b the liability of. Scribd is the worlds largest social reading and publishing site. Interpretation of words and expression used in the act.
Full text containing the act, cooperative societies act, 1912, with all the sections. If you continue browsing the site, you agree to the use of cookies on this website. An act to amend the law relating to cooperative societies. The cooperative societies act, 1925 to facilitate the. Power to exempt societies from conditions as to registration. Assessment of cooperative societies and cooperative banks. All you need to know about cooperative housing societies. This act may be called the cooperative societies act, 1912. Short title this act may be cited as the cooperative societies act. Cooperative societies act, 1912 bare acts law library. Copyright ministry of legal affairs, government of the republic of zambia. This act my be cited as the cooperative societies act and shall come into operation on such date as the minister may, by notice in the gazette, appoint. Whereas it is expedient further to facilitate the formation of cooperative societies for the promotion of thrift and selfhelp among agriculturists, artisans and persons of limited means, and for that purpose to amend the law.
West bengal cooperative societies act, 2006 wbxpress. A cooperative society, has a separate legal existence, distinct from its members. In this act, unless the context otherwise requires agricultural charge has the meaning assigned to it. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. In 1904, cooperative credit societies act, was enacted. With taking over the assets and liabilities of the then patiala cooperative union, the patiala central cooperative bank ltd. At least ten persons above of 18 years, having the capacity. The postindependence era saw a slow but steady growth of housing societies aided by fiveyear plans. Every society now existing which has been registered under the cooperative credit societies act, 1904 10 of 1904, shall be deemed to be registered under this act, and its bylaws shall, so far as the same are not inconsistent with the. The co operative societies act, 1912 tnau agritech portal. Societies act, 1912, the words and figures manipur cooperative societies act. Forms of business organisation 4 cooperative societies. An act to make provision for the constitution, registration and control of cooperative societies.
Acr, 1940 or the west bengal cooperative societies aci, 1973 shall be deemed to. Financial accounting cooperative societies tutorialspoint. In 1865 there were 651 registered societies with a total membership of well over 200,000. In places like the uk, common ownership indivisible collective ownership was popular in the 1970s. Full text containing the act, cooperative societies act, 1912, with all the sections, schedules, short title, enactment date, and footnotes. This act may be cited as the cooperative societies act, 1998, and shall come into operation on such date as the minister may, by statutory instrument, appoint. At least ten persons having the capacity to enter into a contract with common economic objectives, like farming, weaving, consuming, etc. Any ten persons who are competent to contract may file an application to the registrar of cooperative societies as per section 6 of the cooperative societies act, 1912. Section 45 in the cooperative societies act, 1912 45. The cooperative societies act 1925 punjab laws online. By law, may be framed by each society and should be registered with the cooperative societies. The cooperative societies act 1912 indian bare acts.
Ministry of home affairs notification new delhi, the 18th. To facilitate the formation and working of cooperative societies for the promotion of thrift. An act of parliament relating to the constitution, registration and regulation of cooperative societies and for purposes incidental thereto act no. Andaman and nicobar islands committee for cooperatives. The sind act contained many improvements over the 1912 act.
Cooperative societies act singapore statutes online. Cooperative credit societies act, 1912 or under the punjab. This act may be called the cooperative societies act, 1925. An act of parliament relating to the constitution, registration and regulation of cooperative societies and for purposes incidental thereto l.
Whereas it is expedient further to facilitate the formation of cooperative societies for the promotion of thrift and selfhelp among agriculturists, artisans and persons of limited means, and for that purpose to amend the law relating to. A cooperative society can be formed by alteast 10 adult members. Wh an act to amend the law relating to co operative societies. In 1918, the south canara planters cooperative sale society was for med. The cooperative societies act, 1925 has been marginally amended in the past. Construction of references to cooperative societies act, 1912 in enactments.
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