The Telangana State Co-operative Societies (Reconstitution) Act, 1956
The Telangana State Co-operative Societies (Reconstitution) Act, 1956
This Act regulates the reorganization of two major cooperative banking institutions in Hyderabad following the historic 1956 redrawing of Indian state boundaries. It applies to the Hyderabad State Co-operative Bank, the Hyderabad Central Co-operative Land Mortgage Bank, their employees, shareholders, and associated local member societies. The law manages the transfer of assets, liabilities, and staff operating in territories transferred to Karnataka and Maharashtra into their respective state systems. This matters because it prevented financial chaos, protected state debt guarantees, and ensured a stable transition of cooperative banking services during a period of massive administrative restructuring.
- 1. Short title, extent and commencement.
- 2. Reconstitution of certain existing Co-operative Societies.
- 3. Proposals of Regisitrar and Confirmation by general body of each of the existing societies.
- 4. Procedure if Registrar's proposals are not confirmed.
- 5. Allocation of liabilities not to affect guarantee of the State Government.
- 6. Adaptation and modifications to certain Acts.
- 7. Acts to over-ride certain enactments.
- 8. Power to make rules.
PDF: pending for this language.