The Delhi Co-operative Societies Act `1972

An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.
1972
  • MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS AND LIABILITIES

  • 20
     Persons who may become members
  • 21
     Nominal or associate members
  • 22
     Member not to exercise rights till due payment made
  • 23
     Votes of members
  • 24
     Manner of exercising vote
  • 25
     Restriction on transfer of shares or interest
  • 26
     Transfer of interest on death of members
  • 27
     Liability of past member and estate of deceased member
  • MANAGEMENT OF CO-OPERATIVE SOCIETIES

  • 28
     Final authority in a co-operative society
  • 29
     Annual general meeting
  • 30
     Special general meeting
  • 31
     Election and nomination of members of committees
  • 32
     Supersession of committee
  • 33
     Securing possession of records, etc
  • 34
     Acts of co-operative societies not to be invalidated by certain defects
  • PRIVILEGES OF CO-OPERATIVE SOCIETIES

  • 35
     Co-operative societies to be bodies corporate
  • 36
     First charge of co-operative society on certain assets
  • 37
     Charge on immovable property of members borrowing loans from certain societies
  • 38
     Charge and set-off in respect of share or contribution or interest of members
  • 39
     Share or contribution or interest not liable to attachment
  • 40
     Register of members
  • 41
     Admissibility of copy of entry as evidence
  • 42
     Exemption from compulsory registration of instruments
  • 43
     Exemption from certain taxes, fees and duties
  • 44
     Deduction from salary to meet co-operative society's claim in certain cases
  • 45
     Other forms of State aid to co-operative societies
  • PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES

  • 46
     Funds not to be divided by way of profit
  • 47
     Contribution to charitable purpose
  • 48
     Contribution to Co-operative Education Fund
  • 49
     Investment of funds
  • 50
     Restrictions on loans
  • 51
     Restrictions on borrowings
  • 52
     Restrictions on other transactions with non-members
  • AUDIT, INQUIRY, INSPECTION AND SURCHARGE

  • 53
     Audit
  • 54
     Inspection of societies
  • 55
     Inquiry by Registrar
  • 56
     Inspection of books of indebted societies
  • 57
     Costs of inquiry
  • 58
     Recovery of costs
  • 59
     Surcharge
  • SETTLEMENT OF DISPUTES

  • 60
     Disputes which may be referred to arbitration
  • 61
     Reference of disputes to arbitration
  • 62
     Power of financing bank to proceed
  • WINDING UP OF CO-OPERATIVE SOCIETIES

  • 63
     Winding up of co-operative societies
  • 64
     Winding up of co-operative banks at the direction of the Reserve Bank
  • 65
     Reimbursement to the Deposit Insurance Corporation by the liquidator
  • 66
     Liquidator
  • 67
     Powers of liquidator
  • 68
     Priority of contributions assessed by liquidator
  • 69
     Power of Registrar to cancel registration of a co-operative society
  • EXECUTION OF AWARDS, DECREES, ORDERS AND DECISIONS

  • 70
     Enforcement of charge
  • 71
     Execution of orders, etc
  • 72
     Execution of orders of liquidator
  • 73
     Attachment before award
  • 74
     Registrar or person empowered by him to be civil court for certain purposes
  • 75
     Recovery of sums due to Government
  • APPEALS AND REVISION

  • 76
     Appeals
  • 77
     No appeal or revision in certain cases
  • 78
     Delhi Co-operative Tribunal
  • 79
     Review of orders of Tribunal
  • 80
     Revision
  • 81
     Interlocutory orders
  • OFFENCES AND PENALTIES

  • 82
     Offences
  • 83
     Cognizance of offence
  • 84
     Address of societies
  • 85
     Copy of Act, rules and bye-laws, etc., to be open to inspection
  • 86
     Prohibition against the use of the word "co-operative"
  • 87
     Power to exempt societies from conditions as to registration
  • 88
     Power to exempt co-operative societies from provisions of the Act
  • 89
     Liquidator to be public servant
  • 90
     Notice necessary in suits
  • 91
     Companies Act not to apply
  • 92
     Saving of existing societies
  • 93
     Bar of jurisdiction of courts
  • 94
     Powers of civil court
  • 95
     Indemnity
  • 96
     Qualifications, remuneration and other conditions of service of employees of co-operative societies
  • 97
     Rules
  • 98
     Repeal and savings