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Multi-unit Co-operative Societies Act, 1942

Act· 1942· 4 pages
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Summary

This law deals with co-operative societies whose activities span more than one province, as opposed to ordinary co-operative societies that operate within a single province. Sections 2 and 3 explain how such a multi-province society, though actually registered under the co-operative law of only one province, is deemed to be validly registered in every other province where its activities extend; Section 3A extends the same treatment to societies registered in the Federal Capital. If such a society sets up a branch in another province, it must, within six months, send that province's Registrar a copy of its bye-laws and comply with information requests, and that Registrar may audit or inspect the branch.

Section 4 allows the government to appoint a Central Registrar of Co-operative Societies, who then takes over registration and oversight of these multi-province societies from the ordinary provincial registrars. Section 5 sets a penalty for a society, or any officer or member responsible, that fails to supply required information or returns: a fine of up to fifty rupees, with the possibility that the society's registration itself may be cancelled at the Registrar's discretion. Section 6 lets the Federal Government make rules to carry the Act into effect.

This is a short, largely administrative statute. It is very old (1942) and carries multiple amendment footnotes (for example, changes made by later Ordinances and adaptation orders), so anyone relying on it for current details, especially the exact penalty amount, should verify against the current official text.

Key topics

co-operative societiesmulti-province registrationCentral Registrar of Co-operative Societiespenalties for non-compliance

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