Section |
Description |
|
Preamble |
1. |
Short title, extent and commencement |
2 |
Definitions |
3 |
Registrar |
4 |
Societies which may be registered |
5 |
Registration with limited liability only |
6 |
Application for registration of Co-operative Societies |
7 |
Registration |
8 |
Registration Certificate |
8A |
Affiliation to Apex Society |
9 |
Co-operative Societies to be bodies corporate |
9A |
Publication of name by a Co-operative Society |
10 |
Change of name of society |
11 |
Change of liability |
12 |
Amendment of bye-laws of a Society |
13 |
When Amendment of bye-laws come into force |
13A |
Subject matter of bye-laws |
14 |
Amalgamation, transfer of assets and liabilities and division of society |
14A |
Promotion of subsidiary Institutions for economic welfare of members |
14B |
Partnership of Co-operative Societies |
15 |
Cancellation of registration certificate of societies in certain cases |
|
CHAPTER III
Member of Co-operative Societies and their rights and liabilities |
16 |
Persons who may become members |
16A |
Ensuring participation of members in the management of societies |
17 |
Expulsion of members |
18 |
Nominal or associate members |
19 |
Member not to exercise rights till due payment made |
19A |
Member participation |
19B |
Right of a member to get information |
20 |
Votes of members |
21 |
Manner of exercising vote |
22 |
Restrictions on holding of shares |
23 |
Restrictions on transfer of shares or interests |
24 |
Restriction on withdrawal of shares |
25 |
Transfer of interest on death of members |
26 |
Liabilities of past member or of estate of deceased member |
|
CHAPTER IV
Management of Co-operative Societies |
27 |
Final authority in a society |
28 |
Appointment of committee |
28A |
Reservation for women members and members belonging to Scheduled Castes or Scheduled Tribes in the committee |
28AA |
Reservation for persons with banking experience or professional qualification in the committees of Urban Co-operative Banks |
28AB |
Election and Removal of President, Vice President etc. |
28B |
State Co-operative Election Commission |
29 |
Annual general body meeting |
30 |
Special general body meetings |
31 |
Nominees of Government on committee of an apex or a central society |
32 |
Supersession of Committee |
33 |
Appointment of new committee or Administrator on failure to constitute committee, etc. |
34 |
Securing possession of Records etc. |
|
CHAPTER V
Privileges of Co-operative Societies |
35 |
First charge of society on certain assets |
36 |
Charge on land owned or held by members borrowing loans from certain Societies |
36A |
Charge on movable or immovable property of borrower by creating Gehan |
37 |
Deduction from salary to meet society’s claim in certain cases |
38 |
Charges and set off in respect of shares or interest of members in the capital of a society |
39 |
Shares or interest or reserve fund not liable to attachment |
40 |
Exemption from certain taxes, fees and duties. |
41 |
Exemption from compulsory registration of instruments |
|
CHAPTER VI
State Aid to Co-operative Societies |
42 |
Direct partnership of Government in societies |
43 |
Indirect partnership of Government in societies |
44 |
Principal State Partnership Fund |
45 |
Subsidiary State Partnership Fund |
46 |
Approval of Government for purchase of shares |
47 |
Liability to be limited in respect of certain shares |
48 |
Restrictions on amount of dividend |
49 |
Indemnity of apex and central societies |
50 |
Disposal of share capital and dividend, etc. |
51 |
Disposal of Principal State Partnership Fund and Subsidiary State Partnership Fund on winding up of apex or central society |
52 |
Agreement by Government and apex societies |
53 |
Order forms of State aid to societies |
54 |
Provisions of Sections 43 to 52 to override other laws |
|
Chapter VI
Properties and funds of Co-operative Societies |
55 |
Funds not to be divided |
56 |
Disposal of net profit |
56A |
Disposal of non banking assets |
57 |
Investment of funds |
57A |
Co-operative Development and Welfare Fund |
57B |
Deposit Guarantee Scheme |
57C |
Consortium Lending Scheme |
57D |
Co-operative Risk Fund Scheme |
58 |
Restrictions on borrowings |
59 |
Restrictions on loans |
60 |
Restrictions on other transactions with members |
61 |
Provident Fund |
62 |
Gratuity |
|
CHAPTER VIII
Part A – Audit |
63 |
Director of Co-operative Audit |
64 |
Scope of audit, Powers of the Director of Co-operative Audit and Procedure for Audit |
|
Part B – Inquiry, Suspension, Investigation and Surcharge |
65 |
Inquiry by Registrar |
66 |
Supervision and inspection |
66A |
Powers of the Registrar to give directions |
66B |
Suspension of Officers |
66C |
Submission of return to the Registrar |
67 |
Cost of inquiry or inspection |
68 |
Surcharge |
68A |
Vigilance Officer |
|
CHAPTER IX
Settlement of Disputes |
69 |
Disputes to be decided by Co-operative Arbitration Court and Registrar |
69A |
Co-operative Ombudsman |
70 |
Award on disputes |
70A |
Co-operative Arbitration Courts |
70B |
Provisions as to pending proceedings |
|
CHAPTER X
Winding up and dissolution of Co-operative Societies |
71 |
Winding up of Societies |
72 |
Liquidator |
73 |
Powers of Liquidator |
74 |
Cancellation of registration of Society |
|
CHAPTER XA
Insured Co-operative Banks |
74A |
Insured Co-operative Banks |
|
CHAPTER XB
Special provisions relating to Co-operative Societies, their office bearers and employees |
74B |
Opening of Branches |
74C |
Inspection in certain Co-operatives |
74D |
Duty of Chief Executive to supply confirmation certificate |
74E |
Manner of acceptance of deposits and lending of money |
74F |
Write off of loans |
74G |
Library in Co-operative Societies |
|
CHAPTER XI
Execution of awards, decrees, orders and decisions |
75 |
Enforcement of charge |
76 |
Execution of orders etc. |
77 |
Registrar or person empowered by him to be a civil court for certain purposes |
78 |
Attachment of property before award or order |
79 |
Recovery of sums due to Government |
|
CHAPTER XII
Establishment |
80 |
Officers, etc. Of Co-operative Societies |
80A |
Pension Scheme |
80B |
Co-operative Service Examination Board |
80C |
The Kerala Co-operative Employees Welfare Scheme |
80D |
Kerala Co-operative Employees Welfare Board |
80E |
Transfer of assets and control of the existing Kerala State Co-operative Employees Welfare Board |
|
CHAPTER XIII
Appeals, Revision and Review |
81 |
Tribunal |
81A |
Provisions as to certain pending proceedings |
82 |
Appeals to Tribunal |
83 |
Appeals to other authorities |
84 |
Revision by Tribunal |
85 |
Review of orders by Tribunal |
86 |
Interlocutory orders by Tribunal |
87 |
Powers of revision of Registrar and Government |
|
CHAPTER XIV
Co-operative Unions |
88 |
Constitution of Circle Co-operative Unions |
88A |
Appointment of officer on default or negligence of members of Circle Co-operative Union |
88B |
Appointment of Officers on failure to constitute the Circle Co-operative Union |
88C |
Removal of Chairman |
89 |
Establishment of State Co-operative Union |
89A |
Appointment of officer or committee on default or negligence of the managing committee of the State Co-operative Union |
89B |
Appointment of Officers or committee on failure to constitute the managing committee of the State Co-operative Union |
89C |
Removal of Chairman, Vice Chairman etc. |
90 |
Co-operative Societies to affiliate to State Co-operative Union |
91 |
Functions of State Co-operative Union |
92 |
Assets, liabilities etc. Of Regional Unions |
93 |
Assets, liabilities etc. Of State Union |
|
CHAPTER XV
Offences and Penalties |
94 |
Offences |
95 |
Cognizance of offences |
95A |
Offences by companies |
|
CHAPTER XVI
Miscellaneous |
96 |
Address of a society |
97 |
Copy of Act, rules and bye-laws to be open to inspection |
98 |
Tribunal, Registrar etc. To have certain powers of civil court |
99 |
Orders to be pronounced |
100 |
Bar of jurisdiction of courts |
101 |
Power to exempt societies |
102 |
Register of members |
103 |
Proof of entries in society’s book |
104 |
Service of notice |
105 |
Acts of societies not to be invalidated by certain defects |
106 |
Immunity for acts done or purporting to be done in good faith |
107 |
Companies Act, 1956, not to apply |
108 |
Duties of Police Officer |
109 |
Power to make rules |
110 |
Repeal and savings |
|
Schedule I |
|
Schedule II |
|
Schedule III |