Vidhi Codex

The Odisha Co-operative Societies Act, 1962

The Odisha Co-operative Societies Act, 1962

Corporate196296 sections

The Orissa Co-operative Societies Act, 1962 provides the legal framework for registering, managing, and regulating co-operative societies across the state of Odisha. It applies to individuals, agricultural groups, self-help groups, and banking entities seeking to form co-operatives to promote common economic interests. The Act details procedures for society registration, committee elections, member rights, financial auditing, asset management, and dispute resolution through a specialized tribunal. By structuring governance and facilitating state support, this legislation aims to foster economic self-reliance, protect members' financial interests, and empower local communities through organized, democratic co-operative initiatives across urban and rural sectors.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Definitions
  3. 3. Registrar
  4. 3A. Auditor-General
  5. 7. Registration
  6. 8. Registration Certificate
  7. 9. Co-operative Societies to be bodies corporate
  8. 10. Change of name of a Society
  9. 11. Change of liability
  10. 12. Power of Registrar to direct amendment of bye-laws
  11. 13. When amendments of bye-laws come into force
  12. 14. Amalgamation, transfer of assets and liabilities and division of Societies
  13. 14-A. Power to direct reorganisation or amalgamation of Societies
  14. 14-B. Special provision in respect of certain sick Societies
  15. 15. Cancellation of registration certificates of Societies in certain cases
  16. 16. Membership
  17. 16A. Admission and continuance as members
  18. 19. Exercise of membership rights
  19. 20. Vote of members
  20. 22. Restriction of holding of shares
  21. 23. Restrictions on transfer of shares or interest
  22. 24. Transfer of interest on death of member
  23. 27. Final authority in a Society
  24. 28. Society to have a Committee
  25. 28A. Election of Members of Committee
  26. 28AA. Superintendence, direction and control of elections to a Society vest in the State Co-operative Election Commission
  27. 31. Nominees of the Government on the Committee of a Society
  28. 32. Appointment of Administrator or Special Officer
  29. 33. Securing possession of records etc.
  30. 34. Charge and set-off in respect of shares or contribution of members
  31. 35. Deduction of dues of Society from salaries of members
  32. 38. Exemption from certain taxes, fees and duties
  33. 39. Exemption from compulsory registration of instruments
  34. 40. Promotion of Co-operative Movement
  35. 41. Direct Partnership of State Government in Societies
  36. 46. Liability to be limited in respect of certain shares
  37. 47. Restriction on amount of dividend
  38. 48. Indemnity of Apex and Central Societies
  39. 49. Disposal of share capital and dividend, etc.
  40. 50. Disposal of 'Principal State Partnership Fund' and 'Subsidiary State Partnership Fund'
  41. 53. Other forms of State Aid to Societies
  42. 54. Provision of this Chapter to override other laws
  43. 55. Funds not to be divided
  44. 56. Disposal of net profits
  45. 59. Restriction of loans
  46. 59-A. Restriction on Interest
  47. 60. Restrictions on other transactions with non-members
  48. 61. Provident Fund
  49. 62. Audit
  50. 63. Communication, Consideration and Compliance of Audit Report
  51. 63-A. Annual Audit Report of Auditor-General
  52. 67-A. Constitution of Co-operative Tribunal
  53. 67-B. Powers of Tribunal
  54. 72. Winding up of Societies
  55. 73. Liquidator
  56. 74. Priority of contribution assessed by a liquidator.
  57. 75. Powers of liquidator
  58. 76. Disposal of surplus assets
  59. 77. Cancellation of Registration of a Society
  60. 79. Appointment of Trustee and his Powers and Functions
  61. 80. Trustee to be a Corporation Sole
  62. 81. Issue of debentures by the Board
  63. 83. Charge on properties of members borrowing from Co-operative Agricultural and Rural Development Bank
  64. 83A. Grant of loan by Co-operative Agricultural and Rural Development Bank
  65. 83B. Applicant for loan to make a declaration
  66. 83C. Order granting loan conclusive of certain matters
  67. 84. Other guarantees by State Government
  68. 85. Priority of mortgage over certain claims
  69. 87-A. Transfer of Mortgages
  70. 88. Power of Co-operative Agricultural and Rural Development Bank to receive money and grant discharge
  71. 91. Power of sale
  72. 92. Powers of Co-operative Agricultural and Rural Development Bank where mortgaged property is destroyed or security becomes insufficient
  73. 96. Appointment of receiver
  74. 97. Mortgagor’s powers to lease
  75. 98. Registration of documents executed on behalf of a Co-operative Agricultural and Rural Development Bank or of the State Co-operative Agricultural and Rural Development Bank
  76. 101-A. Certain provisions to apply to charge
  77. 102. Enforcement of charge
  78. 104. Registrar or person empowered by him to be a Civil Court for certain purposes
  79. 105. Attachment of property before award or order
  80. 106. Rights of transfer of land of a Society in certain area and the Society's right to bring it to sale
  81. 109. Appeals
  82. 112. Power of revision by Registrar and Additional Registrar
  83. 112-A. Reference by Auditor-General
  84. 113. Power of revision by State Government
  85. 117. Prohibition against the use of word "Co-operative"
  86. 118. Address of a Society
  87. 119. Copy of Act, Rules and Bye-laws to be opened to reference
  88. 120. Powers of Civil Court
  89. 121. Bar of jurisdiction of Courts
  90. 123. Enquiry and Inspection
  91. 124. Register of members
  92. 125. Proof of entries in Societys books
  93. 133A. Special provisions relating to insured Co-operative Banks
  94. Schedule I. SCHEDULE – I [See Section 103 (4)]
  95. Schedule III. SCHEDULE – III [See Sub-Section (3-a) of Section 28-A]
  96. Appendix I. Provisions of the Orissa Co-operative Societies (Amendment) Act, 1967 (Orissa Act 31 of 1967), not incorporated in the original Act

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