Vidhi Codex

THE HIMACHAL PRADESH CO-OPERATIVE SOCIETIES ACT

The Himachal Pradesh Cooperative Societies Act, 1968

Corporate1968110 sections12 chapters

This Act provides the legal framework for the registration, management, and regulation of co-operative societies in the state of Himachal Pradesh. It applies to all co-operative societies operating within the state, including those with limited or unlimited liability. The legislation establishes the Registrar of Co-operative Societies as the primary authority responsible for supervising these societies, ensuring they comply with statutory rules, and resolving disputes. By setting clear guidelines for governance and financial accountability, the Act aims to promote the development of co-operative institutions and protect the interests of their members and the public.

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Chapter II REGISTRATION OF CO-OPERATIVE SOCIETIES →

  1. 11Amendment of bye-laws of a co-operative society
  2. 12Change of name and its effect
  3. 13Change of liability
  4. 14Amalgamation, transfer of assets and liabilities, conversion and division of societies
  5. 15Cancellation of registration certificate of co-operative societies in certain cases
  6. 16Partnership of societies
  7. 17Persons who may become members
  8. 18Nominal or associate members
  9. 19Members not to exercise rights till due payment made
  10. 20Votes of members
  11. 21Manner of exercising vote
  12. 22Restrictions on transfer of shares or interest
  13. 23Transfer of interest on death of a member
  14. 24Disposal of share or interest of expelled, resigned or insane member
  15. 25Disposal of moneys due to an expelled or resigned or insane member
  16. 26Rights of members to see books, etc.
  17. 27Share or interest not liable to attachment
  18. 28Liability of members
  19. 29Liability of past member and estate of deceased member
  20. 30Members to furnish information as to their financial position and alienation of their immovable property

Chapter IV MANAGEMENT OF CO-OPERATIVE SOCIETIES →

  1. 31Final authority in co-operative society
  2. 32Annual general meeting
  3. 33Special general meeting
  4. 34Constitution of the Managing Committee
  5. 35Nominees of the Government and other nominees on the committee of co-operative societies.
  6. 36Powers to depute Government servant to manage affairs of a co-operative society.
  7. 37Supersession of committee.
  8. 38Securing possession of records.

Chapter V DUTIES AND OBLIGATIONS OF CO-OPERATIVE →

  1. 39Address of societies.
  2. 40Right of members to services by society and application for redress
  3. 41Liability to furnish information

Chapter VI PRIVILEGES OF CO-OPERATIVE SOCIETIES →

  1. 42Charges and set off in respect of shares or interest of members
  2. 43Register of members
  3. 44Proof of entries in society's books
  4. 45Exemption from compulsory registration of instruments
  5. 46Deduction from salary to meet society's claim in certain cases
  6. 47Charge on immovable properties of members borrowing loans from certain societies
  7. 48Other forms of State aid to co-operative societies
  8. 49Limitation
  9. 50Exemption from certain taxes, fees and duties
  10. 51Insolvency of members
  11. 52First charge of co-operative societies on certain assets

Chapter VII PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES →

  1. 53Investment of funds
  2. 54Contribution to co-operative education fund
  3. 55Funds not to be divided
  4. 56Appropriation of profits
  5. 57Reserve fund
  6. 58Regulation loan making policy
  7. 59Restrictions on borrowings
  8. 60Restrictions on other transactions with non-members

Chapter VIII AUDIT, INQUIRY, INSPECTION AND SURCHARGE →

  1. 61Audit
  2. 62Nature of audit.
  3. 63Auditor's report.
  4. 64Rectification of defects.
  5. 65Inspection of co-operative societies.
  6. 66Inspection of books of an indebted co-operative society.
  7. 67Inquiry by the Registrar.
  8. 68Cost of inquiry.
  9. 69Surcharge.
  10. 70Access to documents
  11. 71Powers of civil court.
  12. 72Disputes which may be referred to Registrar
  13. 73Reference of disputes to arbitration
  14. 74Attachment before award
  15. 75Finality of award
  16. 76Notice necessary in suits
  17. 77Power of Registrar to sanction compromise between a society and its creditors

Chapter X WINDING UP AND DISSOLUTION OF CO-OPERATIVE →

  1. 78Order for the winding up of a society
  2. 79Appointment of a liquidator
  3. 80Powers of liquidator
  4. 81Priority of contribution assessed by liquidator.
  5. 82Liquidator to deposit the books and submit a final report.
  6. 83Power of Registrar to cancel order of winding up or of registration of cooperative society.
  7. 84Bar of suit in winding up and dissolution matters.
  8. 85Disposal of surplus assets.

Chapter XI EXECUTION OF AWARDS, DECREES, ORDERS AND →

  1. 86Enforcement of charge.
  2. 87Execution of orders.
  3. 88Execution of orders of liquidator.
  4. 89Registrar or person empowered by him to be civil court for certain purposes.
  5. 90Recovery of sums due to Government.

Chapter XII JURISDICTION, APPEAL AND REVIEW →

  1. 91Indemnity.
  2. 92Bar of jurisdiction of courts.
  3. 93Appeal.
  4. 94Review and revision.
  5. 95Interlocutory orders.

Chapter XIII OFFENCES AND PENALTIES →

  1. 96Offences.
  2. 97Cognizance of offences.

Chapter XIV MISCELLANEOUS →

  1. 98Constitution of State Co-operative Council, its functions, etc.
  2. 99Prohibition against the use of the word ‘co-operative’.
  3. 100Power to exempt co-operative societies from provisions of this Act.
  4. 101Service of notice under the Act.
  5. 102Acts of co-operative societies not invalidated by certain defects
  6. 103Companies Act not to apply
  7. 104Branches etc. of societies outside the State
  8. 105Liability of a Government servant in connection with the affairs of a co-operative society
  9. 106Repeal
  10. 107Savings of existing society
  11. 108Appointment of a Co-operative Appellate Tribunal

Chapter XV POWER TO MAKE RULES →

  1. 109Power to make rules

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