Definitions

(d-2) "Co-operative Principles" means the principles specified in Schedule II; (d-3) "Family" means an individual, his or her spouse, sons, daughters and other near relatives dependent on, and jointly residing with, him or her; (e) "Financing Bank" in relation to a Society means a Society engaged in Banking business under the Banking Regulation Act, 1949 or a Scheduled Bank as defined under the Reserve Bank of India Act, 1934 or the Reserve Bank of India, the National Bank for Agriculture and Rural Development, the Industrial Development Bank of India Limited or any similar Bank or any financial institutions regulated by the Reserve Bank of India and includes such financing institutions like the National Dairy Development Board and National Cooperative Development Corporation, to which the Society is indebted in cash or in kind; (e-1) "Joint Member" means a husband and wife team joining as such in an application for registration of a Society which is subsequently registered, or admitted as joint member after the registration of a Society in accordance with the provisions of this Act, Rules and Bye-laws of a Society and holding a share or shares in the Society jointly; (f) "Member" means a person joining in the application for the registration of a Society and a person admitted to membership after such registration in accordance with this Act, the rules and the bye-laws, and includes a joint and nominal Member; (f-1) "Near relative" means father, mother, husband, wife, son, daughter, undivided brother, unmarried sister and son's wife; (f-2) “Nominal member” means a person admitted as such to a Society, after its registration in accordance with the bye-law; (f-3) "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; (m) “Society with unlimited liability” means a Society, the members of which are, in the event of its being wound up jointly and severally liable for and in respect of all its obligations to contribute to any deficit in the assets of the Society; (m-1) “Standard acre” shall have the same meaning as assigned to it under the Orissa Land Reforms Act, 1960 (Orissa Act 16 of 1960); (n) “State Co-operative Union” means the Society registered under the Orissa Co-operative Societies Act, 1951 (Orissa Act 11 of 1952), by the name of the ‘Orissa State Co-operative Union Limited; and (n-1) "State Co-operative Election Commission" means the Odisha State Co-operative Election Commission consisting of a Odisha State Co-operative Election Commissioner appointed by the Governor under Section 28-AA; (o) “Tribunal” means Co-operative Tribunal constituted under Section 67-A.