section 5
Cooperative to be body corporate
Jammu and Kashmir Self-Reliant Cooperatives Act, 1999The registration of an association as a cooperative shall render it a body corporate by the name under which it is registered having perpetual succession and a common seal. The cooperative entitled to acquire, hold and dispose of property, to enter in contracts to institute and defend suits and other legal proceedings and to do all other things necessary for purpose for which it was constituted. (a) the role of the general body, and of the representative general body, if any, and subjects which must be dealt with by the general body, and by the representative general body, if any; (b) the manner and frequency of convening general meetings and quorum required; (c) the quorum necessary for adjourned meetings; (d) the minutes of proceedings of general meetings.
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