Question

“In return of the privileges offered by the government, cooperative societies have to comply with several rules and regulations related to auditing of accounts, submission of accounts, etc.” The above statement indicates which type of quality of Cooperatives. Mention 2 more.​

Answer 1

Answer:

Try out our Premium Member services: Virtual Legal Assistant, Query Alert Service and an ad-free experience. Free for one month and pay only if you like it.

Central Government Act

the Co-operative Societies Act, 1912

THE co-operative societies act, 1912

1. Short title and extent.—

(1) This Act may be called the Co-operative Societies Act, 1912; and

(2) It extends to 1 [the whole of India except 2 [the territories which, immediately before the 1st November, 1956, were comprised in Part B States]].

2. Definitions.—In this Act, unless there is anything repugnant in the subject or context,—

(a) “by-laws” means the registered by-laws for the time being in force, and includes a registered amendment of the by-laws;

(b) “committee” means the governing body of a registered society to whom the management of its affairs is entrusted;

(c) “member” includes a person joining in the application for the registration of a society and a person admitted to membership after registration in accordance with the by-laws and any rules;

(d) “officer” includes a chairman, secretary, treasurer, member of committee, or other person empowered under the rules or the by-laws to give directions in regard to the business of the society;

(e) “registered society” means a society registered or deemed to be registered under this Act;

(f) “Registrar” means a person appointed to perform the duties of a Registrar of Co-operative Societies under this Act; and

(g) “rules” means rules made under this Act.

3. The Registrar.—The 3 [State Government] may appoint a person to be Registrar of co-operative Societies for the 4 [State] or any portion of it, and may appoint persons to assist such Registrar, and may, by general or special order, confer on any such persons all or any of the powers of a Registrar under this Act.