The DELHI CO-OPERATIVE SOCIETIES ACT, 1972

PRELIMINARY

Section 1 — Short title, extent and commencement.

(1) This Act may be called the Delhi Co-operative Societies Act, 1972.

(2) It extends to the whole of the Union territory of Delhi.

(3) It shall come into force on such date as the Lieutenant-Governor may, by notification in the Delhi Gazette, appoint.

Browse all 98 sections
  1. 1.Short title, extent and commencement.
  2. 2.Definitions.
  3. 3.Registrar.
  4. 4.Societies which may be registered.
  5. 5.Restrictions on registration.
  6. 6.Restrictions on holding of shares.
  7. 7.Application for registration.
  8. 8.Power of the Registrar to decide certain questions.
  9. 9.Registration.
  10. 10.Registration certificate.
  11. 11.Amendment of bye-laws of a co-operative society.
  12. 12.When amendments of bye-laws come into force.
  13. 13.Change of name.
  14. 14.Change of liability.
  15. 15.Amalgamation, transfer of assets and liabilities and division of co-operative societies.
  16. 16.Power to direct amalgamation, division and reorganisation in public interest etc.
  17. 17.Registrar to prepare scheme of amalgamation of co-operative bank in certain cases.
  18. 18.Liability of a co-operative bank to the Deposit Insurance Corporation.
  19. 19.Cancellation of registration certificates of co-operative societies in certain cases.
  20. 20.Persons who may become members.
  21. 21.Nominal or associate members.
  22. 22.Member not to exercise rights till due payment made.
  23. 23.Votes of members.
  24. 24.Manner of exercising vote.
  25. 25.Restriction on transfer of shares or interest.
  26. 26.Transfer of interest on death of members.
  27. 27.Liability of past member and estate of deceased member.
  28. 28.Final authority in a co-operative society.
  29. 29.Annual general meeting.
  30. 30.Special general meeting.
  31. 31.Election and nomination of members of committees.
  32. 32.Supersession of committee.
  33. 33.Securing possession of records, etc.
  34. 34.Acts of co-operative societies not to be invalidated by certain defects.
  35. 35.Co-operative societies to be bodies corporate.
  36. 36.First charge of co-operative society on certain assets.
  37. 37.Charge on immovable property of members borrowing loans from certain societies.
  38. 38.Charge and set-off in respect of share or contribution or interest of members.
  39. 39.Share or contribution or interest not liable to attachment.
  40. 40.Register of members.
  41. 41.Admissibility of copy of entry as evidence.
  42. 42.Exemption from compulsory registration of instruments.
  43. 43.Exemption from certain taxes, fees and duties.
  44. 44.Deduction from salary to meet co-operative society’s claim in certain cases.
  45. 45.Other forms of State aid to co-operative societies.
  46. 46.Funds not to be divided by way of profit.
  47. 47.Contribution to charitable purpose.
  48. 48.Contribution to Co-operative Education Fund.
  49. 49.Investment of funds.
  50. 50.Restrictions on loans.
  51. 51.Restrictions on borrowings.
  52. 52.Restrictions on other transactions with non-members.
  53. 53.Audit.
  54. 54.Inspection of societies.
  55. 55.Inquiry by Registrar.
  56. 56.Inspection of books of indebted societies.
  57. 57.Costs of inquiry.
  58. 58.Recovery of costs.
  59. 59.Surcharge.
  60. 60.Disputes which may be referred to arbitration.
  61. 61.Reference of disputes to arbitration.
  62. 62.Power of financing bank to proceed.
  63. 63.Winding up of co-operative societies.
  64. 64.Winding up of co-operative banks at the direction of the Reserve Bank.
  65. 65.Reimbursement to the Deposit Insurance Corporation by the liquidator.
  66. 66.Liquidator.
  67. 67.Powers of liquidator.
  68. 68.Priority of contributions assessed by liquidator.
  69. 69.Power of Registrar to cancel registration of a co-operative society.
  70. 70.Enforcement of charge.
  71. 71.Execution of orders, etc.
  72. 72.Execution of orders of liquidator.
  73. 73.Attachment before award.
  74. 74.Registrar or person empowered by him to be civil court for certain purposes.
  75. 75.Recovery of sums due to Government.
  76. 76.Appeals.
  77. 77.No appeal or revision in certain cases.
  78. 78.Delhi Co-operative Tribunal.
  79. 79.Review of orders of Tribunal.
  80. 80.Revision.
  81. 81.Interlocutory orders.
  82. 82.Offences.
  83. 83.Cognizance of offence.
  84. 84.Address of societies.
  85. 85.Copy of Act, rules and bye-laws, etc., to be open to inspection.
  86. 86.Prohibition against the use of the word “co-operative”.
  87. 87.Power to exempt societies from conditions as to registration.
  88. 88.Power to exempt co-operative societies from provisions of the Act.
  89. 89.Liquidator to be public servant.
  90. 90.Notice necessary in suits.
  91. 91.Companies Act not to apply.
  92. 92.Saving of existing societies.
  93. 93.Bar of jurisdiction of courts.
  94. 94.Powers of civil court.
  95. 95.Indemnity.
  96. 96.Qualifications, remuneration and other conditions of service of employees of co-operative societies.
  97. 97.Rules.
  98. 98.Repeal and savings.