Definitions

In this Regulation, unless the context otherwise require. a. “bye-laws” means the registered bye, laws for the time being in force and includes registered amendments of such bye-laws; b. “Chief Commissioner” means the Chief Commissioner of the Union territory of the Andaman and Nicobar Islands; c. “committee” means the governing body of a co-operative society, by whatever name called, to which the management of the affairs of the society is entrusted; d. “co-operative society” means a society registered or deemed to be registered under this Regulation; e. “co-operative society with limited liability” means a co-operative society in which the liability of its members, for the debts of the society in the event of its being wound up, is limited by its bye-laws (i) to the amount, if any, unpaid on the shares respectively held by them; or (ii) to such amount as they may, respectively, undertake to contribute to the assets of the society: f. “co-operative society with unlimited liability” means a co-operative society, the members of which are, in the event of its being wound up. Jointly and severally liable for and in respect of all its obligations and to contribute to any deficit in the assets of the society: g. “credit agency” means a co-operative society which has as its principal object the lending of money to other co-operative societies and includes- (i) a banking company as defined in section 5 of the Banking Regulation Act. 1940: 10 of 1940. (ii) the state Bank of India constituted under section 3 of the State Bank of India Act.1955:23 of 1955. (iii) a subsidiary bank as defined in section 2 of the State Banking India (Subsidiary Banks) Act 1959:38 of 1959. (iv) the Agricultural Refinance Corporation established under section 3 of the Agricultural Refinance Corporation Act.1963: 10 of 1963.and (v) a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and transfer of Undertakings) Act, 1970:5 of 1970 h. “Government “means the Central Government; i. “member” means a person joining in the application for the registration of a co-operative society and a person admitted to membership after such registration accordance with this Regulation, the rules and the bye-laws, and includes a nominal or an associate member and the Government when it subscribes to the share capital of a society; j. “nominal or associate member “ means a member who possesses only such privileges and rights of a member and who is subject only to such liabilities of a member as may be specified in the bye-laws; k. “officer” includes a president, vice-president, chairman, vice chairman, managing director, secretary, manager, member of a committee, treasurer, liquidator , administrator and any other person empowered under the rules or bye-laws to give directions in regard to the business of a co-operative society; l. “Official Gazette” means the Andaman and Nicobar Gazette; m. “prescribed” means prescribed by rules made under this Regulation; n. “producers society” means a society formed with the object of producing and disposing of goods and commodities as a collective property of its members, and includes a society formed with the object of the collective disposal of the labour of its members; o. “Registrar” means a person appointed to perform the duties of a Registrar of Co-operative Societies under the Regulation, and includes any person appointed to assist the Registrar when exercising a or any of the powers of the Registrar under sub-section (2) of section 3; p. “rules” means the rules made under this Regulation; q. “Union territory” means the Union territory of the Andaman and Nicobar Islands. In these rules, unless the context otherwise requires:-

(a) "Appendix" means an appendix to these rules: (b) "Co-operative Year" means the year beginning on the 1st day of April and ending on the 31st day of March”. (c) "Decree" means any order, decision or award referred to in section 63: (d) "Decree-holder" means any person holding a decree as defined in clause(c): (e) "Maximum credit limit" means the extent to which a co-operative society may receive deposits and loans from members and non-members: (f) "Member of a family" includes any one of those given under Explanation to section 5 of the Regulation: (g) "Model bye-laws" means a set of bye-laws approved and proposed by the Registrar for general adoption by a class of co-operative societies: (h) "Net profit" means profit after deduction of establishment charges, contingent charges, interest payable on loans and deposits, audit fee and such other sums as may be prescribed: (i) "Owned capital" means the total paid-up share-capital and reserve fund and other funds created out of profit and undistributed profits means accumulated losses: (j) "Paid-up share-capital" means such portion of the subscribed share-capital as it actually paid-up: (k) "Persons appointed to assist the Registrar" include Additional Registrar, Joint Registrars, Deputy Registrars, Assistant Registrars, Chief Auditor, Audit Officers and other persons with such designation as the Chief Commissioner thinks fit: (l) "Recovery Officer" means the Registrar or a person subordinate to the Registrar who is authorised by the Registrar to exercise the powers under clause(a) of section 63: (m) "Regulation" means the Andaman and Nicobar Islands Co-operative Societies Regulation, 1973 (No.3 of 1973). (n) "Reserve fund" means a fund to which at-least one fourth of the net profit of a co-operative society in any year shall be carried to as required by secrion41: (o) "Sale Officer" means the Registrar or an officer subordinate to the Registrar and who is empowered by him, by general or special order, to exercise powers under clause(b) of section 63: (p) "Section" means a Section of the Regulation: (q) "Share-Capital" means the subscribed share-capital: (r) "Working capital" means the total of owned capital plus the borrowed capital: (s) Words and expressions defined in the Regulation and used in these rules shall have the meaning respectively assigned to them in the Regulation.