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← Arunachal Pradesh Acts

The Arunachal Pradesh Co-Operative Societies Act, 1978

150 sections · 0 chapters

Section 1 Short title, extent and commencement
Section 2 Definitions
Section 3 Registrar
Section 4 Societies which may be registered
Section 5 Registration with limited or unlimited liability
Section 6 Conditions of registration
Section 7 Power to exempt societies from conditions as to registration
Section 8 Application for registration
Section 9 Registration
Section 10 Evidence of registration
Section 11 Power of Registrar to decide questions
Section 12 Classification of societies
Section 13 Amendment of bye-laws of society
Section 14 Power to direct amendment of bye-laws
Section 15 Change of name
Section 16 Change of liability
Section 17 Amalgamation, transfer, division or conversion of societies
Section 18 Power to direct amalgamation, division and recoganization in public interest etc.
Section 19 Reconstruction of societies
Section 20 Partnership of societies
Section 21 Cancellation of registration
Section 22 Person who may become member
Section 23 Open membership
Section 24 Nominal, associate and sympathizer member
Section 25 Cessation of membership
Section 26 No rights of membership to be exercised till due payments are made
Section 27 Voting powers of members
Section 28 Restrictions on holding of shares
Section 29 Restrictions on transfer of charge on share of interest.
Section 30 Transfer of interest on death of member.
Section 31 Share interest not liable to attachment.
Section 32 Rights of member to see books etc.
Section 33 Liability of past member and estate of deceased member.
Section 34 Insolvency of members.
Section 35 Expulsion of members.
Section 36 Manner of exercising vote.
Section 37 Societies bodies to be corporate.
Section 38 Address of societies.
Section 39 Register of members.
Section 40 Copy of Act etc. to be open to inspection.
Section 41 Admissibility of copy of entry as evidence.
Section 42 Exemption from compulsory registration and instruments relating to shares and debentures of society.
Section 43 Power to exempt from taxation.
Section 44 Restrictions on borrowings.
Section 45 Regulation of loan making policy.
Section 46 Restrictions on transaction with persons other than members.
Section 47 Charge and set-off in respect of share or interest of member.
Section 48 Prior claim of society.
Section 49 Charge on the immovable property of members borrowing from certain societies.
Section 50 Deduction from salary to meet society’s claim in certain cases.
Section 51 Direct partnership of Central Government in societies.
Section 52 Indirect partnership of Central Government in society.
Section 53 Principal State Partnership Fund.
Section 54 Subsidiary State Partnership Fund.
Section 55 Approval of Central Government for purchase of shares.
Section 56 Liability to be limited in respect of certain share.
Section 57 Restriction on amount of dividend.
Section 58 Idennity of Apex and Central Societies.
Section 59 Disposal of share capital and dividend, etc.
Section 60 Disposal of Pricipal or Subsidiary State Partnership Fund on State winding up of Apex or Central Society.
Section 61 Principal or Subsidiary State Partnership Fund not to form part of assets.
Section 62 Agreement by Central Government and Apex Spociety.
Section 63 Other form of State aid to societies.
Section 64 Provisions of this Chapter to over-ride other laws.
Section 65 Fund not to be divided.
Section 66 Appropriation of profit
Section 67 Reserve fund
Section 68 Restriction on dividend
Section 69 Contribution to educational fund of the State Federal society
Section 70 Contribution to public purposes
Section 71 Investment of funds
Section 72 Employees provident fund
Section 73 Final authority
Section 74 Committee its powers and functions
Section 74A Number and terms of Board and its office bearer
Section 74B Election of Members of Board
Section 75 Appointment of Manager, Secretary and other officers
Section 76 Annual General Meting
Section 77 Special general meeting
Section 78 Act of societies, etc not to be invalidated by certain defects
Section 79 Supersession and suspension of Board and interim management
Section 80 Registrar’s power to enforce performance of obligations
Section 81 Registrar’s power to seize records, etc.
Section 82 Audit.
Section 83 Rectification of defects in accounts.
Section 84 Inquiry by Registrar.
Section 85 Inspection of the societies.
Section 86 Inspection of books of indebted society.
Section 87 Cost of inquiry and inspection.
Section 88 Recovery of costs.
Section 89 Registrar to bring defects disclosed in inquiry or inspection of notice of society.
Section 90 Power of Registrar to assess damages against delinquent promoters, etc.
Section 91 Power to enforce the attendance etc.
Section 92 Constitution on recognition of federal authority to supervise working of societies.
Section 93 Power to seize record of society.
Section 94 Dispute.
Section 95 Power of the Apex Bank to proceed against members of the society for recovery of the money due to it.
Section 96 Limitation
Section 97 Settlement of disputes.
Section 98 Procedure for settlement of disputes and power of Registrar, his nominee or board of nominees.
Section 99 Attachment before ward.
Section 100 Decision of Registrar or his nominee or board or nominees.
Section 101 Appeal against decision of Registrar or his nominee or board of nominee.
Section 102 Money how recovered.
Section 103 Private transfer of property made after issue of certificate void against society.
Section 104 Transfer or property which cannot be sold.
Section 105 Scales of fees to be paid to the Registrar’s nominees.
Section 106 Winding up.
Section 107 Appointment of Liquidator.
Section 108 Appeal against order of winding up.
Section 109 Powers of the Liquidator.
Section 110 Effect of order of winding up
Section 111 Bar or suit in winding up and dissolution matters
Section 112 Audit of Liquidator’s accounts
Section 113 Termination of liquidation proceedings
Section 114 Disposal of surplus assets
Section 115 Order for winding up of insured Co-operative Bank etc, and not to be made without sanction of Reserve Bank of India
Section 116 Prohibition of use of the word co-operative
Section 117 Offences
Section 118 Punishment for offences under section 117
Section 119 Congnizance of offences
Section 120 Appeals
Section 121 Extension of period of limitation by appellate authority in certain cases
Section 122 Power of Government and Registrar to call for proceedings of subordinate officers and to pass order
Section 123 Recovery of sum due to Government
Section 124 Registrar’s powers to recover certain sums by attachment and sale of property
Section 125 Power to exempt societies from provisions of Act
Section 126 Delegation of power of Registrar to federal authorities
Section 127 Branches etc. of societies outside the State
Section 128 Handing over records and property to new Chairman on election
Section 129 Registrar and other officers to be public servants
Section 130 Indemnity for act done in good faith
Section 131 Bar of jurisdiction of Courts
Section 132 Notice necessary in suits
Section 133 Rules
Section 134 Companies Act not to apply 1 of 1956
Section 135 Repeal and savings
Section 135A Extension of deposit insurance Scheme to co-operative Bank
Section 136 Over-riding effect
Section 137 Definitions
Section 138 Members to borrow or made deposits
Section 139 Power of the Committee
Section 140 Borrowing and Investment
Section 141 Disqualification of members and other office bearers
Section 142 Co-option of Professional in Committees
Section 143 Supersession of Committee
Section 144 Contribution of Fund
Section 145 Abolition of Cadre System
Section 146 Audit
Section 147 Obligation of the Registrar
Section 148 Equity in Co-operative
Section 149 Role of the State Government
Section 150 Promotion of Co-operative Societies

The Arunachal Pradesh Co-Operative Societies Act, 1978

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The Arunachal Pradesh Co-Operative Societies Act, 1978
Section 60

←Section 59 Section 61→

Section 60 of The Arunachal Pradesh Co-Operative Societies Act, 1978 — Disposal of Pricipal or Subsidiary State Partnership Fund on State winding up of Apex or Central Society

Bare section text

Official Legislative Text

(1) If an Apex Society which has established a Principal State Partnership Fund is wound up or dissolved all moneys to the credit of, or payable to that fund shall be paid to the Central Government. (2) If a Central Society which has established a Subsidiary State Partnership Fund is wound up or is dissolved, all moneys to the credit of, or payable to that fund shall be paid and credited to the Principal State Partnership Fund from which it received moneys under clause (b) of sub-section (2) of section 53.

Notes for this section are being prepared — this page will update on its own once they’re ready.

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