Chapter I PRELIMINARY

1. (1) This Regulation may be called the Dadra and Nagar Haveli and Daman and Diu Co-operative Societies Regulation, 2024.
2. (2) It extends to the whole of the Union territory of the Dadra and Nagar Haveli and Daman and Diu.
3. (3) It shall come into force on such date, as the Central Government may, by notification in the Official Gazette, appoint.

In this Regulation, unless the context otherwise requires,—

1. (a) “Administration” means the Administration of the Union territory of Dadra and Nagar Haveli and Daman and Diu;
2. (b) “Administrator” means the Administrator of the Union territory of Dadra and Nagar Haveli and Daman and Diu, appointed by the President under article 239 of the Constitution;
3. (c) “auditor” means a certified auditor authorised and appointed by the Registrar to audit the accounts of the society. Explanation.––For the purposes of this clause, the expression “certified auditor” means a person who is authorised by the Registrar under section 90;
4. (d) “authorised person” means any person duly authorised by the Registrar to take action under the provisions of this Regulation;
5. (e) “Board” means the Board of Directors or the governing body of a co-operative society, by whatever name called, to which the superintendence, direction and control of the management of the affairs of a society has been entrusted;
6. (f) “bye-laws” means the registered bye-laws for the time being in force in the Union territory of Dadra and Nagar Haveli and Daman and Diu, and includes amendment of such bye laws;
7. (g) “central bank” means a co-operative bank, the objects of which include the creation of funds to be loaned to other societies, but does not include the urban co-operative bank;
8. (h) “Chief Executive Officer” means a Chief Executive Officer or a Manager or a Secretary or any other paid employee of a society appointed under section 70;
   • (i) “Committee” means the Managing Committee or other governing body of a society to which the direction and control of the management of the affairs of a society is entrusted;
9. (j) “company" means a company as defined in the Companies Act, 2013 and includes a banking company, any board, corporation or other corporate body, constituted or established by any Central Act, State Act or Provincial Act for the purpose of development of any industry;
10. (k) “co-operative bank” means a society registered under this Regulation and carrying on the business of banking as defined in clause (b) of sub-section (1) of section 5 of the Banking Regulation Act, 1949;
11. (l) “co-operative election authority” means an authority constituted by the Administrator under section 74;
12. (m) “co-operative information officer” means an officer appointed by a society under sub-section (3) of section 37;
13. (n) “co-operative society” means a society registered or deemed to be registered under the regulations and rules or any other law relating to co-operative societies for the time being in force in the Union territory of Dadra and Nagar Haveli and Daman and Diu;
14. (o) “custodian” means the custodian of a society to be appointed by the Registrar under section 72;
15. (p) “Deposit Insurance Corporation” means the Deposit Insurance and Credit Guarantee Corporation established under section 3 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961;
16. (q) “dividend” means the amount paid, out of the profit of a society, to a member in proportion to the shares held by such member;
17. (r) “federal society” means a society—
    • (i) of which not less than five members are themselves societies; and
    • (ii) in which the voting rights are so regulated that the members which are societies have not less than four-fifths of the total number of votes in the general meeting of such society; “firm” means a firm registered under the Indian Partnership Act, 1932;
18. (t) “General Body” means the individuals or institutions having membership of respective societies;
19. (u) “legal heir” means any person, male or female, who is entitled to succeed to the property of an intestate as per the relevant personal succession law for the time being in force in the Union territory;
    • (v) “Liquidator” means a person appointed as Liquidator under section 115;
20. (w) “member” means a person joining in an application for the registration of a co-operative society which is subsequently registered or a person duly admitted to membership of a society after registration and includes a nominal, associate or sympathiser member;
    • (x) “National Bank” means the National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981;
21. (y) “notification” means the notification published in the Official Gazette and the expression “notified” shall be construed accordingly;
22. (z) “officer” means a person elected or appointed by a society to any office of such society according to its bye-laws and includes a Chairperson, Vice-chairperson, President, Vice-President, Managing Director, General Manager, Manager, Secretary, Treasurer, Member of the Committee, and any other person elected or appointed under this Regulation, the rules or the bye-laws, to give directions in regard to the business of such society;
23. (za) “office bearer” means a President, Vice-President, Secretary or Treasurer of a co-operative society and includes any other person to be elected by the Board of any co-operative society;
24. (zb) “official assignee” means a person or body of persons appointed under sub-section (2) of section 22;
25. (zc) “Official Gazette” means the Official Gazette of the Union territory of Dadra and Nagar Haveli and Daman and Diu;
26. (zd) “prescribed” means prescribed by rules made by the Administrator under this Regulation;
27. (ze) “rebate” means any payment made in cash or kind, out of the profits of a society, to a member or any other person, on the basis of his contribution to the business of the society;
28. (zf) “Registrar” means a person to be appointed as the Registrar of co-operative societies under this Regulation, and includes—
    • (i) to the extent of the powers of the Registrar conferred on any other person under this Regulation;
    • (ii) an Additional Registrar, Joint Registrar, Deputy Registrar and Assistant Registrar;
29. (zg) “Reserve Bank” means the Reserve Bank of India constituted under sub-section (1) of section 3 of the Reserve Bank of India Act, 1934;
30. (zh) “reserve fund” means a fund to be maintained by the society under section 59;
31. (zi) “rules” means the rules made under this Regulation;
32. (zj) “Schedule” means the Schedule annexed to this Regulation;
33. (zk) “society” means a co-operative society registered, or deemed to be registered, under this Regulation;
34. (zl) “society with limited liability” means a society having the liability of its members limited by its bye-laws;
35. (zm) “Tribunal” means the Union territory Co-operative Tribunal constituted under section 132;
36. (zn) “Union territory” means the Union territory of Dadra and Nagar Haveli and Daman and Diu.