Chapter X MISCELLANEOUS

The Government may be notification in the Gazette, and subject to such restrictions and conditions as may be specified therein, reduce or exempt in respect of co-operatives; (a) the taxes on professions, trades, callings and employments; (b) the stamp duty with which, under any law for the time being in force, instruments executed by or on behalf of a co-operative or by an office bearer or Director or member and relating to business of such co-operative or any class of such instruments or decisions or orders of the Registrar or Arbitral Tribunal or liquidator under this Act, are respectively chargeable; or (c) any fee payable under the law relating to registration for the time being in force or court fees.

Nothing in clauses 17 (1) (b) and (c) of the Indian Registration Act, 1908 shall apply to- (a) any instruments relating to shares in a co-operative notwithstanding that the assets of the co-operative consist in whole or in part of immovable property; (b) any debentures issued by any such co-operative and not creating, declaring, assigning, limiting or extinguishing and right, title or interest to or in immovable property except in so far as it entitles the holder to the security afforded by a registered instrument whereby the co-operative has mortgaged, conveyed or otherwise transferred the whole or part of its immovable property or any interest therein to trustees upon trust for the benefit of the holders of such debenture; or (c) any endorsement upon or transfer of any other debentures issued by any such co-operative.

The Registrar, or any person appointed, or authorized to hold an inquiry under section 46, or a member of the tribunal under section 49, or a liquidator under section 53, shall be deemed to be a public servant within the meaning of the Section 21 of the Indian Penal Code (Act XLV of 1860).

No person other than a co-operative shall engage in trade, or carry on business, under a name or title which includes the expression, “Sahkari” or its English equivalent, “co-operative”.