DCS Act 2003

Preamble

THE DELHI CO-OPERATIVE SOCIETIES ACT, 2003 ARRANGEMENT OF SECTIONS PREAMBLE CHAPTER-I PRELIMINARY SECTIONS 1. Short title, extent and commencement. 2. Definitions. diaCode CHAPTER-II Registration of Co-operative Societies 3. Registrar. 4. Co-operative societies which may be registered. 5. Restrictions on registration. 6. Restrictions on holding of shares. 7. Application for registration. 8. Power of the Registrar to decide certain questions. 9. Registration. 10. Registration certificate. 11. Bye-laws of co-operative societies. 12. Amendment of bye-laws of a co-operative society and compulsory amendment of bye-laws by the Registrar. 13. When amendments of bye-laws come into force. 14. Change of name. 15. Change of liability. 16. Amalgamation, transfer of assets and liabilities and division of co-operative societies. 17. Power to direct amalgamation, division and re-organisation in public interest, etc. 18. Registrar to prepare scheme of amalgamation of co-operative bank in certain cases. 19. Liability of a co-operative bank to the Deposit Insurance Corporation. 20. Cancellation of registration certificate of the co-operative societies in certain cases. 21. Classification. indiaC CHAPTER-III Members of Co-operative Societies and their Rights and liabilities 22. Persons who may become members. 23. Nominal or associate or joint member. 24. Member not to exercise rights till due payment made. 25. Votes of members. 26. Manner of exercising vote. 27. Restriction on transfer of shares or interest. 28. Transfer of interest on death of member. 29. Liability of past member and estate of deceased member. CHAPTER-IV Management of Co-operative societies 30. Final authority in a co-operative society. 31. Annual general body meeting. 32. Returns to be filed to the Registrar after annual general body meeting. 33. Special general body meeting. 34. Constitution of committee. 35. Election and nomination of members of committee. 36. Removal of committee or its officer. 37. Supersession of committee. 38. Securing possession of records, etc. ndiaCode 39. Acts of co-operative society not to be invalidated by certain defects. 40. Expulsion of members. 41. Cessation of membership of co-operative society. 42. Directions by the Registrar for successful conduct of business. CHAPTER-V Privileges of Co-operative Societies 43. Co-operative society to be body corporate. 44. First charge of co-operative society on certain movable assets of member for the amount due to him. 45. Charge on immovable property of member borrowing loans from certain co- operative societies. 46. Charge and set-off in respect of share or contribution or interest of members. 47. Share or contribution or interest not liable to attachment. 48. Register of members. 49. Admissibility of copy of entry as evidence. 50. Exemption from compulsory registration of instruments. 51. Exemption from certain taxes, fees and duties. 52. Deduction from salary to meet co-operative society's claim in certain cases. CHAPTER-VI Properties and funds of Co-operative Societies 53. Funds other than net profits not to be divided among members. 54. Contribution to charitable purpose. 55. Contribution to Co-operative Education Fund. 56. Investment of funds. 57. Restrictions on loans. 58. Restrictions on borrowings. IndiaCode 59. Restrictions on other transactions with non-members. CHAPTER-VII Audit, inquiry, inspection and surcharge 60. Audit. 61. Inspection of co-operative societies. 62. Inquiry by the Registrar. 63. Inspection of books of indebted co-operative societies. 64. Cost of inquiry. 65. Recovery of cost. 66. Surcharge. 67. Rectification of defects in audit, inquiry or inspection. 68. Power to summon and examine documents and persons, etc. 69. Maintenance of accounts and books, etc. CHAPTER-VIII Settlement of Disputes 70. Disputes which may be referred for arbitration. 71. Reference of disputes to arbitration. 72. Power of financing bank and federal co-operative society to proceed. CHAPTER-IX mode Speci

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