Vidhi Codex

The Orissa Self-Help Co-Operatives Act, 2001

The Orissa Self-Help Co-Operatives Act, 2001

General200162 sections8 chapters

This Act provides for autonomous, self-help co-operatives in Odisha that are owned and run by their members. It covers registering a new co-operative or converting an existing co-operative society, the articles of association, name and registered office, and division, amalgamation and merger of co-operatives. The Registrar handles registration.

Start reading →Read full ActSections

Chapter 1 PRELIMINARY →

  1. 1Short title, extent and commencement
  2. 2Definitions

Chapter 2 INCORPORATION →

  1. 3Registration of a new co-operative
  2. 4Conversion of co-operative society
  3. 5Co-operative to be body corporate
  4. 6Articles of association
  5. 7Amendment of articles of association
  6. 8Name of a Co-operative
  7. 9Location of registered office
  8. 10Transfer of assets and liabilities
  9. 11Division
  10. 12Amalgamation
  11. 13Merger
  12. 14Registrar and registration
  13. 15Fee for services

Chapter 3 MEMBERSHIP →

  1. 16Eligibility for membership in a Co-operative
  2. 17Admission as member
  3. 18Provided that the applicant shall be given an opportunity to be heard by the general body before refusal of admission.
  4. 19Cessation of membership
  5. 20Termination of membership
  6. 21Provided that pending the decision of the general body the member may have only such transactions, if any, with the Co-operative, as may be permitted by the board.
  7. 22Co-operative education
  8. 23Services primarily for members
  9. 24Exercise of rights
  10. 25Voting right of members
  11. 26Provided that a member shall have to be a member for at least one full financial year, before being eligible to cast his/her vote except the case of promoters.
  12. 27General body
  13. 28Functions, responsibilities and powers of general body
  14. 29Provided that such meeting of General Body considering the removal of President or Vice-President shall not be presided by President or Vice-President against whom such resolution is to be considered.
  15. 30Provided that quorum for a representative general body meeting shall not be less than fifty per cent of the representatives eligible to vote at the representative general body meeting.
  16. 31Board of directors
  17. 32Such meeting shall not be presided over by the President or Vice-President against whom such resolution is to be considered.
  18. 33Eligibility for directorship in a Co-operative
  19. 34Elections
  20. 35Tenure of directors
  21. 36Meeting of the board
  22. 37Minutes of board meetings

Chapter 5 FINANCE →

  1. 38Mobilisation of funds
  2. 39Deployment of funds
  3. 40Disposal of surplus
  4. 41Management of deficit
  5. 42Operation of special funds
  6. 43First charge

Chapter 6 ACCOUNTABILITY →

  1. 44Accounts, records and documents to be maintained
  2. 45Audit
  3. 46Returns to be filed with the Registrar
  4. 47Inquiry
  5. 48Offences
  6. 49Compounding of offence
  7. 50Protection of action taken in good faith

Chapter 8 DISPUTES →

  1. 51Disputes
  2. 52Arbitral Tribunal

Chapter 9 DISSOLUTION →

  1. 53Dissolution by members
  2. 54Duties of a liquidator
  3. 55Powers of liquidator
  4. 56Final accounts

Chapter 10 MISCELLANEOUS →

  1. 57Exemption from certain taxes, duties and fees
  2. 58Exemption from compulsory registration of instruments
  3. 59Power to remove difficulties
  4. 60Prohibition to receive share capital, loan, etc

PDF: pending for this language.