section 9
Registration and provisional registration
The Dadra and Nagar Haveli and Daman and Diu Co-Operative Societies Regulation, 2024Corporate2024155 sections12 chapters
Chapter II REGISTRAR AND REGISTRATION
Statutory text
- (1) On receipt of an application for registration from a society,—
- (a) if the Registrar is satisfied that the society has complied with the provisions of this Regulation and the rules as to registration and that its bye-laws are not contrary to this Regulation and the rules, he shall register the society and its bye-laws; and
- (b) without prejudice to the provisions of clause (a), the Registrar may register a society if the aggregate value of the paid-up capital and provision of reserves alongwith liquidity, exposure and other prudential norms specified in the bye-laws of the proposed society in the business of thrift and credit are in accordance with such guidelines as may be prescribed: Provided that the societies registered before the commencement of this Regulation shall meet such norms within a period of five years from the date of commencement of this Regulation: Provided further that if the liquidity, exposure, prudential and other parameters of the credit society do not meet such norms within the period mentioned above, the Registrar shall have powers to issue such directions as it deems appropriate to such society to take relevant action: Provided also that in the case of bank, the aggregate value of the paid-up capital and provision of reserves alongwith liquidity norms provided in the bye-laws shall be such as may be laid down by the Reserve Bank from time to time;
- (c) if the Registrar is of the opinion that the application complies with the requirements of section 8, but that its bye-laws are not in conformity with the provisions of this Regulation and the rules made thereunder, he may provisionally register the society and by an order in writing permit the society to perform such functions subject to such conditions as he may specify in the order and may also by an order in writing direct the society to amend, within the period prescribed in this behalf, its bye-laws so as to bring them in conformity with this Regulation and the rules made thereunder.
- (2) When a society has been provisionally registered, the Registrar shall, on its compliance with the order made under clause (b) of sub-section (1), finally register it and its bye-laws and on its failure to comply with the order, cancel its provisional registration: Provided that the provisional registration of a society shall not be cancelled unless such society has been given an opportunity of being heard in the matter.
- (3) A provisionally registered society shall not be deemed to be a society registered under this Regulation.
- (4) On the registration of a society, the Registrar shall issue to it a certificate of registration signed by him within a period of fifteen days from the date of registration.
- (5) A certificate of registration issued under sub-section (4) shall be the conclusive evidence that the society mentioned therein is duly registered, unless it is proved that the registration has been cancelled.
- (6) If the Registrar refuses to register the society, he shall forthwith communicate his decision with reasons therefor, to the person who has signed first on the application.
- (7) The application for registration of a society may be disposed of within a period of three months from the date of its receipt.
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