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The Andaman and Nicobar Islands Co-operative Societies (Amendment) Regulation, 2025

The Andaman and Nicobar Islands Co-Operative Societies (Amendment) Regulation, 2025

Corporate20253 sections

This regulation amends the existing 1973 law governing co-operative societies in the Andaman and Nicobar Islands. It introduces two primary changes. First, it restricts the amount of share capital one co-operative society can hold in another, capping it at one-fifth of the total subscribed share capital, unless the holder is the Government. Second, it clarifies the process for declaring dividends, requiring that the General Body meeting determines the rate, provided that allocations to the reserve fund and the Co-operative Education Fund are first satisfied. These rules ensure financial stability and democratic control within co-operative organizations operating in the territory.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Substitution of new section for section 6
  3. 3. Amendment of section 41

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