Vidhi Codex

Bare Act

The Andaman and Nicobar Islands Cooperative Socities Regulation 1973

Corporate197386 sections12 chapters

The Andaman and Nicobar Islands Cooperative Societies Regulation 1973 provides a legal framework for forming, registering, and managing cooperative societies across the territory. Applying to individuals and local groups seeking to establish joint enterprises in the region, this legislation empowers an appointed Registrar to supervise registration, restrict individual shareholding limits, and approve bye-law amendments. It matters because it safeguards democratic governance, protects member financial interests, and fosters sustainable economic development by ensuring that local cooperative institutions operate under clear, fair, and structured legal guidelines.

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Chapter II REGISTRATION OF CO-OPERATIVE SOCIETIES →

  1. 3Registrar
  2. 4Societies which may be registered
  3. 5Restrictions on registration
  4. 6Restriction on holding of shares
  5. 7Application for registration
  6. 8Registration
  7. 9Registration Certificate
  8. 10Amendment of bye-laws of co-operative society
  9. 11Change of names
  10. 12Change of liability

Chapter III MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR →

  1. 15Person who may become members
  2. 17Member not to exercise rights till due payment made
  3. 18Votes of members
  4. 19Manner of exercising vote
  5. 20Restriction on transfer of shares or interest
  6. 21Transfer of interest on death of member
  7. 22Liability of past member and estate of deceased member

Chapter IV MANAGEMENT OF CO-OPERATIVE SOCIETIES →

  1. 23Final authority in a co-operative society
  2. 24Annual general meeting
  3. 25Special general meeting
  4. 26Election and nomination of members of committees
  5. 27Super-session of committee
  6. 28Securing possession of records etc
  7. 29Acts of a co-operative societies not to be invalidated by certain defects

Chapter V PRIVILEGES OF CO-OPERATIVE SOCIETIES →

  1. 30Co-operative societies to be bodies corporate
  2. 31First charge of co-operative society on certain assets
  3. 32Charge on immovable property of members borrowing loans from certain societies
  4. 33Charge and set-off in respect of share or contribution or interest of the members
  5. 34Share or contribution or interest not liable to attachment
  6. 35Register of members
  7. 36Admissibility of copy of entry as evidence
  8. 37Exemption from compulsory registration of instruments
  9. 38Exemption from certain taxes, fees and duties
  10. 39Deduction from salary to meet co-operative society’s claim in certain cases
  11. 40Other forms of State aid to co-operative societies

Chapter VI PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES →

  1. 41Funds not to be divided by way of profit
  2. 42Contribution to charitable purpose
  3. 43Contribution to Co-operative Education Fund
  4. 44Investments of funds
  5. 45Restrictions on loans
  6. 46Restrictions on borrowing
  7. 47Restrictions on other transactions with non-members

Chapter VII AUDIT, INQUIRY, INSPECTION AND SURCHARGE →

  1. 48Audit
  2. 49Inspection of co-operative societies
  3. 50Inquiry by Registrar
  4. 51Inspection of books of indebted societies
  5. 52Costs of inquiry and inspection
  6. 53Recovery of costs
  7. 54Surcharge

Chapter VIII SETTLEMENT OF DISPUTES →

  1. 55Dispute which may be referred to arbitration
  2. 56Reference of disputes to arbitration

Chapter IX WINDING UP OF CO-OPERATIVE SOCIETIES →

  1. 57Winding up of co-operative societies
  2. 58Liquidator
  3. 59Powers of liquidator
  4. 60Priority of contributions assessed by liquidator
  5. 61Power of Registrar to cancel registration of a co-operative society

Chapter X EXECUTION OF AWARDS DECREES, ORDERS AND DECISIONS →

  1. 62Enforcement of charge
  2. 63Execution of orders, etc
  3. 64Execution of orders of liquidator
  4. 65Attachment of property before award or order
  5. 66Registrar or person empowered by him to be civil court for certain purposes
  6. 67Recovery of sums due to Government

Chapter XI APPEALS AND REVISION →

  1. 68Appeals
  2. 69Revision
  3. 70Inter-locutory orders

Chapter XII OFFENCES AND PENALTIES →

  1. 71Punishment for certain offences
  2. 72Prohibition of use of the word “co-operative” or its equivalent
  3. 73Punishment for offences not otherwise provided for
  4. 74Cognisance of offences

Chapter XIII MISCELLANEOUS →

  1. 75Address of co-operative societies
  2. 76Copy of Regulation, rules, bye-laws, etc., to be open to inspection
  3. 77Power to exempt co-operative societies from conditions as to Registration
  4. 78Power to exempt co-operative societies from provisions of the Regulation
  5. 79Registrar and other officers to be public servants
  6. 80Notice necessary in suits
  7. 81Companies Act not to apply
  8. 82Savings of existing societies
  9. 83Bar of jurisdiction of courts
  10. 84Registrar, etc., to have powers of a civil court
  11. 85Indemnity
  12. 87Repeal and savings