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Home›State Acts›The Punjab Co-operative Societies Act, 1961›Chapter XII OFFENCES AND PENALTIES

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The Punjab Co-operative Societies Act, 1961

Chapter XII OFFENCES AND PENALTIES

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0Preamble
1Short title, extent and commencement
2Definitions
3Registrar and other officers and their powers
4Societies which may be registered
5Restrictions on registration
6Restrictions on holding of shares
7Application for registration
9Registration certificate
10Amendment of bye-laws of a co-operative society
11Change of name
13Amalgamation, transfer of assets and liabilities and division of co-operative societies
14Cancellation of registration certificates of co-operative societies in certain cases
15Persons who may become members.
16Nominal or associate members
17Member not to exercise rights till due payment made
18Votes of members
19Manner of exercising vote
20Restriction on transfer of shares or interest
21Transfer of interest on death of members
22Liability of past members and estate of deceased member
23Final authority in a co-operative society
24Annual general meeting
25Special general meetings
28Securing possession of records, etc.
29Acts of co-operative societies not to be invalidated by certain defects
30Co-operative societies to be bodies corporate
31First charge of co-operative society on certain assets
32Charge on immovable property of members borrowing loans from certain societies
33Charge and set off in respect of share of contribution or interest of members
34Share or contribution or interest not liable to attachment
35Register of members
36Admissibility of copy of entry as evidence
37Exemption from compulsory registration of instruments
38Exemption from certain taxes, fees and duties
39Deduction from salary to meet co-operative societies claim in certain cases
40Other forms of State aid to Co-operative Societies
41Funds not to be divided by way of profit
42Contribution to charitable purpose
43Contribution to Co-operative Education Fund
44Investment of Funds
45Restrictions on loans
47Restrictions on other transactions with non-members
48Audit
49Inspection of societies
50Inquiry by Registrar
51Inspection of books of indebted societies
52Costs of inquiry
53Recovery of costs
54Surcharge
55Disputes which may be referred to arbitration
56Reference of disputes to arbitration
57Winding up of co-operative societies
58Liquidator
59Powers of Liquidator
60Priority of contributions assessed by liquidator
61Power of Registrar to cancel registration of a co-operative society
62Enforcement of charge
63Execution of certain decisions, awards and orders
64Execution of orders of liquidator
65Attachment before award
66Registrar or person empowered by him to be civil court for certain purposes
67Recovery of sums due to Government
68Appeals
69Revision
71Offences.
72Cognizance of offence.
73Address of Societies.
74Copy of Act, rules and bye-laws, etc. to be open to inspection.
75Prohibition against the use of the word “ co-operative” .
76Power to exempt societies from conditions as registration:-
77Power to exempt.
78Liquidator to be public servant.
79Notice necessary in suits.
80Companies Act not to apply.
81Saving of existing societies.
82Bar of jurisdiction of courts :-
83Powers of civil court :-
84Indemnity.
85Rules
86Repeal and Saving

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