Prohibition of the use of the word ‘cooperative’

Prohibition of the use of the word ‘cooperative’ -

1. (1) No person or society other than a registered society shall trade or carry on business under any name of title of which the word cooperative is part without the sanction of the State Government. Provided that nothing in this section shall apply to the use by any person or his successor in interest of any name or title under which he traded or carried on business at the date on which the Cooperative Society Act. 1912, Came into operation.
2. (2) Any officer or member of a society or any person who contravenes the provisions of sub-section
3. (1) shall be punishable with fine which may extend to fifty rupees, and, in the case of a continuing offence, with a further fine of five rupees for each day on which the offence is continued after conviction therefore.