A cooperative society registered under MSCS Act, 2002 may invest or deposit its (a) in a cooperative bank state cooperative bank, cooperative land mortgage bank cooperative land development bank or Central cooperative bank (b) in any of the securities specified in the Indian Trusts Act, or (c) in the shares or securities of any other Multi State Cooperative Society or any cooperative society; or (c) in the shares, securities or assets of any other institution, with the previous approval of the Central Registrar; or (e) with

(1) No part of the funds not to be divided by way of profit other than net profits, of a multi state cooperative society shall be divided by way of bonus or dividend or otherwise rebutted among its members.

Every member of a cooperative society shall exercising vote in person and no member shall be permitted to vote by proxy Provided that a multi state society or a Ii society which is a member of another multi state cooperative society may, subject to the provisions of sub-section of Section the rules, appoint its representative to vote on its behalf in the other society.

(1) In case of the death of a member, a multi state cooperative society shall transfer the share or interest of the deceased member to the person in accordance with the rules made in this behalf, or, if there is no person Innate, to such person as may appear to the board to be the heir or legal sensitive of the deceased member, or pay to such nominee, heir or legal preventative, as the case may be, a sum representing the value of such member share or interest as ascertained in accordance with the rules Provided that no such transfer or payment shall be made

(1) Subject to the provisions of sub-section (2), the liability of a past of the estate of a deceased member of a multi state cooperative society for the debts of the Society as they existed- (a) in the case of a past member, on the date on which he ceased to be a member; (b) in the case of a deceased member, on the date of his death, shall continue for a period of two years from such date.

(1)Provided that where the bye-laws for registration in credit cooperative society provide for the constitution of a smaller body consisting delegates of members of the society elected or selected in according with such bye-laws, that smaller body shall exercise such power, the general body as may be prescribed or as may be specified in bye-laws of the society.

(1) Every multi state cooperative society shall, within such may be prescribed, after the close of the year, call a general meeting members in the manner prescribed for the purpose of (a) consideration of the audit report and annual report; (b) disposal of net profits; (c) approval of the program of activation for the ensuing year; (d) amendment of bye-laws; (e) election, if any, of the members of the board, other than members, subject to the provisions of&nbs

(1) The superintendence direction and control of the preparation of the title rolls for multi state cooperative society and the conduct of elections of the members of the board of multi state cooperative society or class of cooperative society as the Central Government may, by general or special order, notify be vested in such returning officers as may be appointed by the Central star in this behalf. (2) The vote at such elections shall be by secret ballot.

Members of multi state cooperative societies including a member are employees of such society, shall have one vote in the affairs of the every provided that (a) a member who is an employee of such society shall not be entitled to vote (i) at an election of a member of the board of such society ; (ii) in any general meeting convened for framing the bye-laws of such society or any amendments thereto; (b) in the case of an equality of votes, the Chairman shall have a second or casting vote in

(a) Any Government company as defined in multi state cooperative society Act (b) such class or classes of persons or association of persons a permitted by the Central Registrar having regard to the name activities of a multi state cooperative society.(2) Such number of individuals possessing such qualifications and disqualifications of auditors prescribed may be admitted as members of the National cooperative of India Limited, New Delhi