This act may be called the maharashtra cooperative societies act, 1960. The cooperative movement has developed in various directions since this act was placed on the statute book. This act has been declared to be in force in the sonthal parganas by notification under s. In this act, unless there is anything repugnant in the subject or context. This act may be called the 5 cooperative societies act, 1925. Subject to the provisions hereinafter contained, a society which has as its object the promotion of the economic interests of its members in accordance with cooperative principles, or a society established with the object of facilitating the operations of such a society, may be registered under this act with or without limited liability. The co operative societies act, 1912 tnau agritech portal. For a discussion ofthe cappervolstead act, see infra notes 7173 and accompanying text. Procedure for merger an application for merger giving the proposed scheme will have to be submitted by the banks concerned to the registrar of cooperative societies central. Wh an act to amend the law relating to co operative societies. In uttar pradesh the cooperative societies act, 1912, is stall in force with a few modifications which have been made from time to time by the state government. Cooperative societies act, 1912 bare acts law library. This act extends to the whole of the province of west pakistan, except the tribal areas. A cooperative bank can merge only with another cooperative bank situated in the same state or with a cooperative bank registered under multi state cooperative societies act.
Because of the unique structure of cooperatives it is more accurate to term the excess revenue that a cooperative generates as surplus rather than profit. This act may be called the co operative societies act, 1912. The cooperative societies act 1925 punjab laws online. Cancellation of registration certificates of cooperative societies in. Whereas it is expedient further to facilitate the formation of cooperative societies for the promotion of thrift and selfhelp among agriculturists, artisans and persons of limited means, and for that purpose to amend the law relating to cooperative societies. Society to keep a copy of the act and its bylaws at registered office. Registrar may issue a certificate authorizing such merger. The cooperative societies act 1912 indian bare acts.