Bare Act
The Bihar Self-Supporting Cooperative Societies Act, 1996
Corporate199653 sections11 chapters
This law provides the legal framework for forming and managing self-supporting cooperative societies in Bihar. It applies to all registered cooperatives, including their unions and federations, by outlining rules for governance, financial management, and dispute resolution. The act establishes tribunals to settle conflicts and sets strict guidelines for board elections, fund mobilization, and asset disposal. By regulating these organizations, the law ensures transparency and accountability, helping cooperatives function effectively to support their members and the state's economic goals.
Chapter I PRELIMINARY →
Chapter II REGISTRATION →
Chapter III BYE-LAWS →
Chapter IV FINANCE AND FUNDS →
- 11Change of liability, transfer of assets and liabilities, division and amalgamation
- 12Promotion of subsidiary organisation
- 13Creation of new organization with others
- 14Cooperative Union / Federations
- 15Mobilisation of funds
- 16Restriction on borrowings
- 17Restriction on holding of equity
- 18Disposal of surplus
- 19Management of Deficit
- 20Reserve and other funds
- 21Investment of funds outside the business
- 22Restriction on contribution
Chapter V MEMBERSHIP →
Chapter VI MANAGEMENT →
Chapter VII AUDIT AND INSPECTION →
Chapter VIII SETTLEMENT OF DISPUTES →
Chapter IX OFFENCES AND PENALTIES →
Chapter X DISSOLUTION →
Chapter XI MISCELLANEOUS →
PDF: pending for this language.