Prohibition of use of the word “Co-operative”

(1) No person, other than a society registered, or deemed to be registered under this Act, and no person or his successor-in-interest on any name or title under which he traded or carried on business at the date on which this Act comes into force, shall without the sanction of the Government, function, trade or carry on business under any name or title of which the word “co-operative”, or its equivalent in any Indian language, forms part. (2) Every person contravening the provision of the forgoing sub-section, shall, on conviction, be punished with fine which may extend to five hundred rupees.