Vidhi Codex

CO-OPERATIVE SOCIETIES ACT, 1960

The Chhattisgarh Co-operative Societies Act, 1960

Corporate1960195 sections

This Act governs the formation, registration, and operation of co-operative societies throughout the state of Chhattisgarh. It applies to a wide range of groups including farming, banking, and consumer societies, ensuring they follow proper rules. The legislation establishes a system of supervision by state officials to maintain financial stability and ethical management. By regulating these organizations, the Act aims to foster economic development and social welfare by empowering communities to work together for mutual benefit while protecting the interests of their members and the broader public. It provides the legal framework necessary for these entities to function effectively and serve the needs of the people.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement.
  2. 2. Definitions.
  3. 3. Amendment Section 2.
  4. 4. Amendment of Section 50-B.
  5. 5. Amendment of Section 53-B
  6. 6. Conditions of registration
  7. 7. Amendment of Section 49
  8. 8. Power of Registrar to decide certain questions
  9. 9. Insertion of a new Section 50-B
  10. 9-A. Saving of existing Co-operative Societies
  11. 10. Amendment of section 80
  12. 11. Amendment of section 81
  13. 12. Power to direct amendment of bye-laws
  14. 13. Amendment of section 83
  15. 14. Amendment of Act 17 of 1961
  16. 15. Change of liability of society from limited to unlimited or vice-versa.
  17. 16. Reconstruction of societies
  18. 16-A. Collaboration by Societies.
  19. 16-B. Partnership of Societies.
  20. 16-C. Government’s power to make scheme of reorganization in the public interest.
  21. 16A. State Government's power to make a scheme for reorganization in public interest
  22. 17. Compromise or arrangement for satisfaction of liabilities and reconstruction of societies
  23. 17-A. Action and liability of Banks under moratorium
  24. 17-B. Liability of new Bank to repay to the Deposit Insurance Corporation
  25. 17A. Proceedings of banks under moratorium and their liability
  26. 17B. Liability of new banks to make repayment to Deposit Insurance Corporation
  27. 18. Cancellation of registration
  28. 18-A. De-registration of societies
  29. 18A. Termination of registration of societies
  30. 19. Persons who may become members
  31. 19-A. Disqualifications of member.
  32. 19-AA. Disqualification for membership of committee and for representation.
  33. 19-B. Effect of subsequent disabilities.
  34. 19-C. Expulsion of members.
  35. 20. Nominal members.
  36. 21. Section 21
  37. 22. Votes of members.
  38. 23. Manner of exercising vote.
  39. 24. Restriction on holding of share capital by a member
  40. 25. Section 25
  41. 26. Transfer of interest on death of member.
  42. 27. Share or deposit or interest not liable to attachments.
  43. 28. Rights of members to see books, etc.
  44. 29. Liability of a past member or estate of deceased member.
  45. 30. Insolvency of members.
  46. 31. Societies to be body corporate.
  47. 32. Address of society and display of name.
  48. 33. Register of members
  49. 34. Proof of entries in societies' books.
  50. 34-A. Societies to give pass book to members.
  51. 35. Exemption from compulsory registration of instruments.
  52. 36. Borrowing.
  53. 37. Restrictions on lending.
  54. 37-A. Society not to recover or receive interest greater than the principal.
  55. 37-D. Society shall not recover or receive interest more than principal.
  56. 38. Restrictions on other transactions with non-members.
  57. 39. Charge and set-off in respect of shares or interest of members.
  58. 40. Prior claim of society on certain assets.
  59. 41. First charge of Co-operative societies on certain assets.
  60. 41-A. Right of society to acquire and dispose of immovable property.
  61. 42. Deduction from salary to meet society’s claim in certain cases.
  62. 43. Funds and profits.
  63. 43-A. Appropriation of profits.
  64. 43-B. Liability for deficit.
  65. 44. Investment of funds
  66. 45. Grant of State aid to societies.
  67. 46. Employee’s Provident Fund.
  68. 47. Power to direct affiliation to Federal Society.
  69. 47-A. Apex Society.
  70. 47-d. 'kh"kZ lkslkbVh-
  71. 48. Final authority in society.
  72. 48-A. Disqualification for holding specified office.
  73. 48-B. Representatives and delegates.
  74. 48-C. Powers of Committee.
  75. 48-D. Disqualification for holding specified post
  76. 48-E. Representative and Delegate
  77. 48-F. Powers of Committee
  78. 49. Annual General Meeting
  79. 49-B. Annulment of proceedings of society by successor committee
  80. 49-C. Government’s powers to give directions in public interest, etc
  81. 49-D. Registrar's power to issue directions to make regulations
  82. 49-E. Appointment of Managing Director and Chief Executive Officer in certain circumstances
  83. 49-F. Removal of member of Board of Society by General Body in certain circumstances
  84. 50. Special General Meeting.
  85. 50-A. Disqualification for being candidate or voter for election to committee or representative or delegate of society.
  86. 50-D. Disqualification for being a candidate or voter in the election of committee, representatives or delegates of a society
  87. 51. Validation of acts.
  88. 52. Power to appoint Government nominees.
  89. 52-B. Representation of women members in the committee
  90. 53. Supersession of Committee
  91. 53-A. Taking over charge
  92. 53-B. Power of the Registrar to remove an Officer or Member of the Committee of the society in certain circumstances
  93. 54. Appointment of managers, secretaries and other officers
  94. 55. Registrar's power to determine conditions of employment of persons in societies
  95. 56. Registrar's power to enforce performance of obligations
  96. 57. Registrar's power to seize records etc.
  97. 57-A. Taking possession of record and property.
  98. 57-C. Insured Co-operative Bank
  99. 58. Audit of Accounts.
  100. 58-B. Procedure for making good the loss caused to a society
  101. 59. Inquiry
  102. 59-A. Duty of certain persons to assist in inquiry
  103. 60. Inspection of books of society
  104. 61. Rectification of defects.
  105. 62. Costs of inquiry.
  106. 63-A. Expenditure on proceedings. etc
  107. 64. Disputes
  108. 65. Limitation.
  109. 66. Settlement of dispute
  110. 67. Procedure for settlement of disputes and powers of Registrar, his nominee or board of nominees
  111. 68. Attachment before award.
  112. 69. Winding up of societies
  113. 69-A. Winding up of co-operative bank
  114. 69-B. Reimbursement to Deposit Insurance Corporation by an insured bank in one case
  115. 70. Appointment of Liquidator.
  116. 70-D. Control of Liquidator
  117. 71. Powers of Liquidator.
  118. 72. Disposal of surplus assets of liquidated societies.
  119. 73. Prohibition of use of word "Co-operative".
  120. 74. Offences
  121. 75. Penalties for offences.
  122. 76. Cognizance of offences.
  123. 77. Chhattisgarh State Co-operative Tribunal.
  124. 77-A. Review.
  125. 77-B. Tribunal to exercise powers of a civil court.
  126. 78. Appeals before the Registrar and Tribunal.
  127. 78-A. Extension of period oflimitation by appellate authority in certain cases.
  128. 79. No appeal or revision in certain cases
  129. 80. Special provisions for short term co-operative credit structure society
  130. 80-A. Power of Registrar to call for proceedings of subordinate officers and board of a society and to pass order thereon.
  131. 80-B. Power to make interlocutory orders
  132. 80-C. Stay of execution of orders
  133. 80-D. Transfer of pending cases
  134. 80-d. dfri; ekeyksa esa vihy izkf/kdkjh }kjk ifjlhekdky dk c<+k;k tkuk
  135. 80A. Extension of period of limitation by appellate authority in certain cases
  136. 80B. Transfer or withdrawal of cases
  137. 81. Recovery of sums due to Government.
  138. 82. Bar of jurisdiction of Courts.
  139. 83. Recovery of costs.
  140. 84. Execution of charge
  141. 84-A. Recovery of sums due to certain societies
  142. 85. Execution of orders etc.
  143. 85-A. Manner of executing order for giving possession of immovable property
  144. 86. Service of notice
  145. 87. Registrar and other officers etc. to be public servants
  146. 88. Indemnity for acts done in good faith
  147. 89. Powers of civil courts.
  148. 90. Registrar or person empowered by him to be a civil court for certain purposes.
  149. 92. Companies Act not to apply
  150. 93. Certain other Acts not to apply to co-operative societies
  151. 94. Notice necessary in suits
  152. 95. Power to make rules.
  153. 95-A. Removal of difficulties
  154. 96. Repeal and savings.
  155. 16 (C). Government's power to make scheme of reorganisation in the public interest
  156. 16(a). Co-operation by societies
  157. 16(b). Partnership of societies
  158. 19(3). Membership
  159. 19(4). Membership
  160. 19(5). Membership
  161. 19(6). Membership
  162. 19(7). Membership
  163. 19&[k. i'pkr~orhZ fu;ksZX;rkvksa dk izHkko-
  164. 19&d d. lfefr dh lnL;rk ds fy, vkSj izfrfuf/kRo ds fy, fujgZrk &&
  165. 19&x. lnL;ksa dk fu"dklu-
  166. 41 (part). Section 41 (part)
  167. 41&d. LFkkoj laifRr dk vtZu rFkk O;;u djus dk lkslkbVh dk vf/kdkj-
  168. 43&[k. ?kkVs ds fy, nkf;Ro-
  169. 43&d. ykHkksa dk fofu;kstu-
  170. 50-D(2). Non-eligibility to vote
  171. 56. Registrar’s power to enforce performance of obligation. Registrar’s power to enforce performance of obligation.
  172. 57-D[57-A]. Taking of possession of records and property
  173. 58-A. Audit Board. Audit Board.
  174. 58-B. Procedure for making good losses caused to a society. Procedure for making good losses caused to a society.
  175. 58-D[58-A]. Audit Board
  176. 58. Audit and audit-fee. Audit and audit-fee.
  177. 59-A. Duty of certain persons to assist enquiry. Duty of certain persons to assist enquiry.
  178. 59. Inquiry. Inquiry.
  179. 69 A. Winding up of Co-operative Bank.
  180. 69 B. Reimbursement of Deposit Insurance Corporation in case of insured Bank.
  181. 70 A. Control of Liquidator.
  182. 73(2). Penalty for refusal to produce books/papers
  183. 80 C. Power to make interlocutory orders
  184. 80 D. Stay of execution of orders
  185. 80 E. Transfer of pending cases
  186. 80 F. Section 80 F
  187. 80-[k. Ekeyksa dk vUrj.k ;k izR;kgj.k
  188. 81 A. Power of financing bank to proceed against defaulting members of co-operative society.
  189. 84 A. Recovery of sums due to certain societies.
  190. 85 A. Manner of executing order to deliver possession of immovable property.
  191. Amendment of Section 16 (C). Amendment of Section 16 (C)
  192. Amendment of Section 48. Amendment of Section 48
  193. Amendment of Section 49. Amendment of Section 49
  194. Amendment of Section 58-B. Amendment of Section 58-B
  195. Substitution of Chapter X. Substitution of Chapter X

PDF: pending for this language.