Audit, Inquiry, Inspection & Surcharge

(1) The Central Registrar shall audit, or cause to be audited by authorized by him by general or special order in writing in this accounts of every multi state cooperative society at least once in (2) The audit under sub-section (1) shall include an   overdue debts, if any, the verification of the cash balance and a valuation of the assets and liability of credit cooperative society (3) The person auditing the accounts of a multi

Restrictions on Loans in multi state society

multi state cooperative society make a loan (a) to a member on the security of his share or on the security of a non member; or (b) to a non-member Provided that with the general or special sanction of the central registrar, a multi state society may make loans to another multi state cooperative society. (2) Notwithstanding anything contained in sub-section (1), a cooperative society may make a loan to a depositor on the security of his cooperative.

Savings of Existing Multi State Cooperative Society

(1) Every multi state cooperative society existing immediately before commencement of this Act which has been registered under the cooperative society Act under any other Act relating to cooperative societies in force, in any state or in pursuance of the provisions of multi state cooperative society Act, deemed to registered under the corresponding provisions of this Act, and the bye of such society shall, insofar as they are not inconsistent with the provisions this Act, or the rules, continue to be in force until altered or rescinded.

Revision of multi state society

(1) Subject to the provisions of the Central Government.

Recovery of Sums Due to Government of multi state cooperative society

(1) All sums due from a multi state cooperative society or from officer or member or past member of a multi state cooperative society the Central Government or a state Government, including any cost aw to the Central Government or the state Government, as the case mad under any provision of this Act, may on a certificate issued by the behalf, be recovered in the same manner as arrears revenue.

Orders and Decisions to cooperative society

Every decision or order made under cooperative society shall if not carried out (a) on a certificate signed by the Central Registrar or any person authorized by him in writing in this behalf, be deemed to be a decree of a civil court and shall be executed in the same manner as if it were a decree of such court; or (b) where the decision or order provides for the recovery of money, be executed according to the law for the time being in force for the recovery of arrears of

Powers of liquidator for credit cooperative society

(1) Subject to any rules made in this behalf, the whole of the multi state cooperative society in respect of which an order for has been made, shall vest in the liquidator appointed under Section the date on which the order takes effect and the liquidator shall have to realize such assets by sale or otherwise.

Handbook of multi state cooperative society

Such Election of Members of Board shall take place after all other matters included in the agenda been considered. For the conduct of elections, the returning officer shall preside the meeting. (f) The notice of the general meeting shall be sent to the members by any following modes, namely: - (i) by local delivery or (ii) by registered post.

Settlement of disputes for cooperative society

Procedure in proceedings before Central Registrar.-(l) A reference to the Central Registrar of any dispute under shall be in writing. Every such reference shall be accompanied with a fee of rupees ten for the money claims not exceeding rupees one thousand and rupees fifty in all other cases in Settlement of disputes for cooperative society.