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THE NAGALAND CO-OPERATIVE SOCIETIES ACT, 2017

125 sections · 2 chapters · 8 schedules

Preamble
Section 1 Preliminary
Section 2 Registrar and Registration of Co-operative Societies
Section 3 Membership
Section 4 Management of Co-operative
Section 5 Management of Property and Funds
Section 6 Regulation of cooperatives-(Audit, Inquiry ,inspection &Su rcharge)
Section 7 Settlement of disputes
Section 9 Recovery of sums due
Section 10 Penalty
Section 12 Miscellaneous
Section 13 Certificate of registration.
Section 14 Amendment of the Bye-Laws of a registered society.
Section 15 amendmentof Bye-Laws or adoption of Rules of procedure.
Section 16 Division and Amalgamation of societies
Section 17 Location of Head Office.
Section 18 MEMBERSHIP
Section 19 Eligibility of membership in Co-operative Society.
Section 20 Admission on members.
Section 21 Withdrawal of membership.
Section 22 21. Withdrawal of membership.
Section 23 Cessation of membership.
Section 24 Register of members.
Section 25 24. Register of members.
Section 26 Education of member etc.
Section 27 and exercise of rights thereof.
Section 28 Votes of members and manner of exercising vote.
Section 29 MANAGEMENT OF CO-OPERATIVE
Section 30 Genaral Assembly
Section 31 Term of the Board.
Section 32 General Meeting.
Section 33 Special General Meeting.
Section 34 33. Special General Meeting.
Section 35 Quorum of Meetings of General Assembly.
Section 36 President and Vice President of Co-operative Society.
Section 37 Disqualification of the members of the Board and Administrative Council.
Section 38 Powers and functions of the Board.
Section 39 Annual General Meeting.
Section 40 Eligibility fora Director in Co-operative Society.
Section 41 40. Eligibility fora Director in Co-operative Society.
Section 42 Elections.
Section 43 Board Meetings.
Section 44 Decision by majorityof votes.
Section 45 44. Decision by majorityof votes.
Section 46 Minutes of proceedings of meetings.
Section 47 Vacancies etc. not to invalidate proceedings.
Section 48 Proceeding of meeting to be deemed to be good and valid.
Section 49 society.
Section 50 Chief Executive his powers and functions and staff.
Section 51 Loan to be utilised forthe purpose forwhich advanced.
Section 52 51. Loan to be utilised forthe purpose forwhich advanced.
Section 53 Restrictions on transfer of share or interest.
Section 54 Share or interest not liable to attachment.
Section 55 Nomination of transferee.
Section 56 55. Nomination of transferee.
Section 57 Transfer or interest on death of member.
Section 58 Disposal of shares or interest of ceased member.
Section 59 Restriction on transfer of possession of land help under a society.
Section 60 Right of a registered societyto pay prior debts of a mortgagor.
Section 61 Restriction on mortgaged property.
Section 62 Barto certain claim.
Section 63 MANAGEMENT OF PROPERTY AND FUNDS
Section 64 Mobilization of funds
Section 65 Restrictions on borrowings.
Section 66 Restrictions on holding of equity.
Section 67 Disposal of surplus.
Section 68 Management of deficit.
Section 69 Reserve and other funds.
Section 70 Investment of funds outside the business.
Section 71 Restriction on contribution to political parties or religious institutions.
Section 72 Restrictions of grant of loan.
Section 73 72. Restrictions of grant of loan.
Section 74 Restriction on transaction with non-member.
Section 75 Contributory Provident Fund.
Section 76 Audit and powers of Auditors.
Section 77 76. Audit and powers of Auditors.
Section 78 Power of the Registrar to have the accounts written up.
Section 79 Audit Report.
Section 80 79. Audit Report.
Section 81 Rectification of defects in accounts.
Section 82 Re-audit/Recasting of Audit Report.
Section 83 Inspection of a Co-operative.
Section 84 Cost of Inquiry and Inspection.
Section 85 Recovery of cost.
Section 86 85. Recovery of cost.
Section 87 Initiation of Surcharge proceeding against delinquent officers or members by Registrar.
Section 88 Offence.
Section 89 88. Offence.
Section 90 Reference of dispute
Section 91 90. Reference of dispute
Section 92 DISSOLUTION OF A SOCIETY
Section 93 Cancellation of registration.
Section 94 winding up, appointment of Liquidator and his powers and function.
Section 95 Distribution of fund of a dissolved society.
Section 96 Disposal of surplus assets of liquidation Co-operative Societies.
Section 97 Bar of suits or legal proceeding.
Section 98 Final Accounts.
Section 99 Bar of suit.
Section 100 Recovery ofsums due enforcement ofobligations.
Section 101 Charge and Surcharge.
Section 102 PENALTY
Section 103 Punishment for false information, disobeying summon, order etc.
Section 104 Penalty for certain performance of obligation.
Section 105 104. Penalty for certain performance of obligation.
Section 106 Power to enforce performance of obligation.
Section 107 JURISDICTION
Schedule -'A'
Schedule -'B'
Schedule -'C'
Schedule 'c' over the signature of the Registrar or of such Gazetted
Schedule -'A'
Schedule -1
Schedule - 'C'
Schedule Schedule

THE NAGALAND CO-OPERATIVE SOCIETIES ACT, 2017

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Section 16

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State · Nagaland

Section 16 of THE NAGALAND CO-OPERATIVE SOCIETIES ACT, 2017

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