Section 13
Section 13 of the Assam Co-operative Societies Act, 2007. A cooperative society may by a special resolution passed at a meeting of its General Assembly decide to divide itself into two or more cooperative societies.
(1) A cooperative society may by a special resolution passed at a meeting of its General Assembly decide to divide itself into two or more cooperative societies.
(2) Where a special resolution is passed under sub-section(1), the cooperative society shall give notice thereof together with a copy of the resolution passed by it to all its members and creditors and any member other than those who voted in favour of the proposed division and any creditor shall during a period of thirty days from the date of service of notice upon him have the option of withdrawing the shares ,deposits or loans from the cooperative society, as the case may be, subject to the discharge of his obligations to the cooperative society.
(3) Any member or creditor who fails to exercise the option within the period specified in sub-section(2) shall be deemed to have assented to the division.
(4) The special resolution passed under sub-section(1)shall not take effect until - (a) all claims of the members and creditors of the cooperative society who have exercised the option under sub-section (2) have been met in full or otherwise satisfied;
(b) information of the intended division and settlement of claims of members and creditors is sent to the Registrar and his approval is obtained; and (c) the certificates of registration and the original bye-laws of the resultant cooperative society signed and sealed by the Registrar are issued under section 11.
(5) When a cooperative society divides itself into two or more cooperative societies under this section the registration of such cooperative society shall stand cancelled and it shall be deemed to have been dissolved and shall cease to exist as a corporate body and the Registrar shall delete the name of such cooperative societies from the register of cooperative societies .
(6) When a cooperative society divides itself into two or more cooperative societies such member who has assented or deemed to have assented to the division shall be deemed to have become a member of that newly formed cooperative society to which his interest were transferred ,in accordance with the scheme of division approved by the general body of such cooperative society notwithstanding anything contained in this Act .
Section 13, The Assam Co-operative Societies Act, 2007 (Act 4 of 2012).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 13
How do I find court cases under Section 13 of the Assam Co-operative Societies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Assam Co-operative Societies Act 13, section 13 Assam Co-operative Societies Act, section 13 of the Assam Co-operative Societies Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 13 of the Assam Co-operative Societies Act, and has it changed?
Its own text turns on section 11, so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Assam Co-operative Societies Act enacted?
Assam Co-operative Societies Act was enacted in 2012 as Act 4 of 2012. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/398f2318-938a-4171-934a-cce8eaf9777b.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/e1fe7416-f6aa-45f5-ae4b-16b46d7f8c2b/content). This page is not a substitute for legal advice.