Vidhi Codex

The Rajasthan Co-Operative Societies Act, 2001

The Rajasthan Co-Operative Societies Act, 2001

Corporate2001128 sections16 chapters

This legislation establishes the legal framework for all co-operative societies registered in the state of Rajasthan. It defines the formation, operation, and winding up of various types of co-operatives, including banking institutions, agricultural credit groups, and societies with limited or unlimited liability. The Act governs the roles of members, elected committees, and appointed officers while allowing state authorities to supervise their activities to ensure proper conduct. By providing a clear legal structure, it promotes the principles of self-help and mutual benefit, ensuring these organizations operate smoothly and contribute effectively to the state’s socio-economic development.

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Chapter I PRELIMINARY →

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

Chapter II INCORPORATION →

  1. 3Promotion of Co-operative movement
  2. 4Registrar
  3. 5Application for registration of co-operative societies
  4. 6Registration
  5. 7Co-operative Societies to be bodies corporate -
  6. 8Bye-laws
  7. 9Change of name of co-operative society
  8. 10Amendment of bye-laws
  9. 11Proposal by Registrar for amendment in the bye-laws
  10. 12Transfer of assets and liabilities, division and amalgamation of co-operative societies
  11. 13Proposal by Registrar for amalgamation, division and reorganisation in public interest etc.
  12. 14Cancellation of registration certificates of co-operative societies in certain cases -

Chapter III MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS AND LIABILITIES →

  1. 15Membership
  2. 16Cessation of membership
  3. 17Nominal and associate member
  4. 18Member not to exercise rights till due payment made
  5. 19Votes of members
  6. 20Manner of exercising votes
  7. 21Restriction on holding of shares
  8. 22Transfer of interest on death of member
  9. 23Liability of past member and estate of deceased member -

Chapter IV MANAGEMENT OF CO-OPERATIVE SOCIETIES →

  1. 24Final authority in a co-operative society -
  2. 25Annual general meeting
  3. 26Special general meetings
  4. 27Appointment of committee -
  5. 27AAppointment and Removal of the Chief Executive Officer
  6. 28Disqualification of membership etc. of committees
  7. 29Nomination by the Government
  8. 30Removal of Committee or Member thereof. -
  9. 31Securing possession of records etc.

Chapter V ELECTION →

  1. 32Election of Co-operative Society
  2. 33State Co-operative Election Authority and its function.
  3. 34Prelude to the elections.
  4. 35Election Officer
  5. 36Election Expenditure.
  6. 37Power to issue instructions -

Chapter VI PRIVILEGES OF CO-OPERATIVE SOCIETIES →

  1. 38First charge of co-operative society on certain assets -
  2. 39Charge on immovable property of members borrowing loans from certain societies
  3. 40Vesting of lands in joint farming society and registration of agreement.
  4. 41Deduction from salary to meet society's claims in certain cases
  5. 42Charge and set off in respect of shares or interest of members in the capital of a co-operative society
  6. 43Exemption from certain taxes, fees and duties

Chapter VII STATE AID TO CO-OPERATIVE SOCIETIES →

  1. 44Financial partnership or aid of the Government
  2. 45Principal and Subsidiary State Partnership Funds
  3. 46Indemnity of apex and central societies

Chapter VIII PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES →

  1. 47Funds not to be divided
  2. 48Disposal of net profits
  3. 49Investment of funds
  4. 50Restrictions on borrowings
  5. 51Lending Policy
  6. 52Restrictions on other transactions with non-members
  7. 53Provident Fund

Chapter IX AUDIT, INQUIRY AND SURCHARGE →

  1. 54Accounts and Audit
  2. 55Inquiry by Registrar. -
  3. 56Inspection of books by financing bank.
  4. 57Surcharge

Chapter X SETTLEMENT OF DISPUTES →

  1. 58Disputes which may be referred to arbitration
  2. 59Limitation
  3. 60Reference of disputes to arbitration

Chapter XI WINDING UP AND DISSOLUTION OF CO-OPERATIVE SOCIETIES →

  1. 61Winding up of Co-operative Societies.
  2. 62Insured Co-operative Bank
  3. 63Liquidator
  4. 64Powers of Liquidator.
  5. 65Termination of winding up proceedings -
  6. 66Disposal of surplus assets

Chapter XII LAND DEVELOPMENT BANKS →

  1. 67Application of Chapter to Land Development Banks
  2. 68State and Other Land Development Banks -
  3. 69Appointment, powers and functions of trustee
  4. 70Issue of debentures
  5. 71Guarantee by State Government
  6. 72Vesting of property in Trustee and debenture holder's charge on assets
  7. 73Powers of Land Development Banks to advance loans and to hold lands
  8. 74Mode of dealing with applications for loan
  9. 75Order granting loan conclusive of certain matters
  10. 76Priority of mortgage
  11. 77Mortgages executed in favour of Land Development Banks to stand vested in State Land Development Bank -
  12. 78Registration of mortgages and leases in favour of Land Development Banks -
  13. 79Mortgages not to be questioned on insolvency of mortgagers -
  14. 80Right of Land Development Banks to pay prior debts of mortgager
  15. 81Mortgage executed by managers of Hindu joint families
  16. 82Section 8 of the Central Act 32 of 1956 to apply to mortgages -
  17. 83Restrictions on leases
  18. 84Land Development Bank to receive money and give discharge -
  19. 85Power of Land Development Banks where mortgaged property is destroyed or security becomes insufficient
  20. 86Right of Land Development Bank to sell mortgaged property
  21. 87Recovery of Loans by Land Development Banks
  22. 88Power to distrain
  23. 89Sale of mortgaged property
  24. 90Confirmation of sale
  25. 91Disposal of sale proceeds
  26. 92Certificate to purchase, delivery of property, and title of purchases
  27. 93Recovery of loans on certificate by Registrar -
  28. 94Collector to make recoveries during certain period -
  29. 95Officers of Bank not to bid at sales
  30. 96Provision for Guarantee Funds to meet certain losses
  31. 97Service of notice
  32. 98Power of committee of State Land Development Bank to supervise Land Development Bank and make regulations

Chapter XIII EXECUTION OF AWARDS, DECREES, ORDERS AND DECISIONS →

  1. 99Enforcement of charge -
  2. 100Execution of orders, etc.
  3. 101Attachment of property before award or order
  4. 102Recovery of sums due to Government -
  5. 103Transfer of property which cannot be sold

Chapter XIV APPEALS, REVISION AND REVIEW →

  1. 104Appeal to the Registrar and the State Government
  2. 105Constitution of and appeals to the Tribunal.
  3. 106Review of orders by Tribunal
  4. 107Power of revision of the Government and the Registrar. -

Chapter XV OFFENCES AND PENALTIES →

  1. 108Prohibition against misuse of the word 'Co-operative'
  2. 109Offences and punishment -
  3. 110Cognizance of offences

Chapter XVI MISCELLANEOUS →

  1. 111Co-operative education and training
  2. 112Insolvency of members
  3. 113Rights of members to see books, etc
  4. 114Proof of entries in co-operative society's books
  5. 115Powers of Civil Court
  6. 116Registrar and other officers to be public servants
  7. 117Bar of jurisdiction of Courts
  8. 118Bar to Legal practitioner
  9. 119Service of notice under the Act
  10. 120Acts of co-operative societies not to be invalidated by certain defects -
  11. 121Indemnity -
  12. 122Certain Acts not to apply
  13. 123Power to make rules
  14. 124Branches etc. of society outside the State -
  15. 125Power of Registrar to rescind certain resolutions
  16. 126Power to remove difficulties
  17. 127Repeal and Savings

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