DCOS ActDelhi (NCT)2003
The Delhi Co-Operative Societies Act, 2003
Some chapters of this Act are incomplete in our copy — a few sections did not come through from the source. For a section missing here, read the Government text (India Code or the State Gazette).
Act No. 3 of 2003
- Sections
- 140
- Chapters
- 14
- Classified offences
- 3
Contents
IChapter I§ 1–22 sections
IIChapter II§ 3–2119 sections
- 3Registrar
- 4Co-operative societies which may be registered
- 5Restrictions on registration
- 6Restrictions on holding of shares
- 7Application for registration
- 8Power of the Registrar to decide certain questions
- 9Registration
- 10Registration certificate
- 11Bye-laws of co-operative societies
- 12Amendment of bye-laws of a co-operative society and compulsory amendment of bye-laws by the Registrar
- 13When amendments of bye-laws come into force
- 14Change of name
- 15Change of liability
- 16Amalgamation, transfer of assets and liabilities and division of co-operative societies
- 17Power to direct amalga-mation, division and re-organisation in public interest, etc
- 18Registrar to prepare scheme of amalgamation of co-operative bank in certain cases
- 19Liability of a co-operative bank to the Deposit Insurance Corporation
- 20Cancellation of registration certificate of the co-operative societies in certain cases
- 21Classification
IIIChapter III§ 22–298 sections
- 22Persons who may become members
- 23Nominal or associate or joint member
- 24Member not to exercise rights till due payment made
- 25Votes of members
- 26Manner of exercising vote
- 27Restriction on transfer of shares or interest
- 28Transfer of interest on death of member
- 29Liability of past member and estate of deceased member
IVChapter IV§ 30–4213 sections
- 30Final authority in a co-operative society
- 31Annual general body meeting
- 32Returns to be filed to the Registrar after annual general body meeting
- 33Special general body meeting
- 34Constitution of committee
- 35Election and nomination of members of committee
- 36Removal of committee or its officer
- 37Supersession of committee
- 38Securing possession of records, etc
- 39Acts of co-operative society not to be invalidated by certain defects
- 40Expulsion of members
- 41Cessation of membership of Cooperative Society
- 42Directions by the Registrar for successful conduct of business
VChapter V§ 43–5210 sections
- 43Co-operative society to be body corporate
- 44First charge of co-operative society on certain movable assets of member for the amount due to him
- 45Charge on immpvable property of members borrowing loans from certain co-operative societies
- 46Charge and set-off in respect of share or contribution or interest of members
- 47Share or contribution or interest not liable to attachment
- 48Register of members
- 49Admissibility of copy of entry as evidence
- 50Exemption from compulsory registration of instruments
- 51Exemption from certain taxes, fees and duties
- 52Deduction from salary to meet co-operative society's claim in certain cases
VIIChapter VII§ 60–6910 sections
- 60Audit
- 61Inspection of co-operative societies
- 62Inquiry by Registrar
- 63Inspection of books of indebted co-operative societies
- 64Cost of inquiry
- 65Recovery of cost
- 66Surcharge
- 67Rectification of defects in audit, inspection or inquiry
- 68Power to summon and examine documents and persons, etc
- 69Maintenance of accounts and books, etc
VIIIChapter VIII§ 70–723 sections
- 70Disputes which may be referred for arbitration
- 71Reference of disputes to arbitration.- (1) The Registrar may, on receipt of the reference of dispute under section 70 [[Substituted by Delhi Act 1 of 2005, section 10, for section 71 (w.e.f. 1-4-2005) Section 71, before substitution, stood as under:
- 72Power of financing bank and federal co-operative society to proceed
IXChapter IX§ 73–9220 sections
- 73Application of this chapter
- 74Definitions
- 75Limit on membership
- 76Rights and privileges of members on allotment of plot or dwelling unit in a co-operative housing society
- 77Allotment of plots, flats or houses through draw of lots
- 78Provision for nomination
- 79Restriction on transfer of share or interest of a member
- 80Permission for transfer of occupancy right not to be ordinarily refused and provision for appeal
- 81Creation, maintenance and utilisation of building and replacement fund
- 82Registration of mortgage in favour of co-operative housing society or apex
- 83Settlement of disputes
- 84Recovery of outgoings and arrears of dues as arrears of land revenue
- 85Recovery of dues and foreclosure
- 86Expulsion of a member
- 87Additional grounds for Cessation of membership of co-operative housing society
- 88Management of co-operative housing societies
- 89Maintenance of essential services in co-operative housing societies
- 90Co-operative housing society to maintain register of its properties with prescribed details
- 91Section 91
- 92Execution of housing project
XChapter X§ 95–1039 sections
- 95Dissolution of co-operative society by members
- 96Dissolution of co-operative society by the Registrar
- 97[ Winding up of co-operative banks at the direction of the Reserve Bank. - Notwithstanding anything to the contrary contained in this Act, the Registrar shall make an order for winding up or an order sanctioning scheme of compromise or arrangement or of amalgamation or reconstruction of a cooperative bank, if so required by the Reserve Bank.] [Substituted by Delhi Act 1 of 2005, section 13, for section 97 (w.e.f. 1-4-2005). Section 97, before substitution, stood as under: 97. Winding up of co-operative banks at the direction of the Reserve Bank - Notwithstanding anything to the contraty contained in this Act, the Registrar shall make an order for winding up of a co-operative bank, if so required by the Reserve Bank."]
- 98Reimburse-ment to the Deposit Insurance Corporation by the liquidator
- 99Appointment of liquidator
- 100Duties of liquidator
- 101Powers of liquidator
- 102Disposal of surplus assets of liquidated co-operative societies
- 103Final accounts
XIChapter XI§ 104–1118 sections
- 104Enforcement of charge
- 105Execution of orders, etc
- 106Execution of orders of liquidator
- 107Attachment before award
- 108Recovery of debt
- 109Registrar or person empowered by him to be civil court for certain purpose
- 110Recovery of sums due to Government
- 111Special powers of Registrar for recovery of amount recoverable as arrears of land revenue
XIIChapter XII§ 112–1176 sections
XIIIChapter XIII§ 118–13518 sections
- 118[ Offences and penalties
- 119Prohibition of the use of the word `co-operative' or its equivalent
- 120Punishment for offences not otherwise provided for
- 121Cognizance of offences
- 122Presumption as to commission of offence in certain cases
- 123Presumption as to statements
- 124Address of co-operative society
- 125Copy of Act, rules and bye-laws, etc
- 126Power to exempt co-operative societies from conditions as to registration
- 127Power to exempt co-operative societies from the provisions of the Act
- 128Officers and employees to be public servants
- 129Notice necessary in suits
- 130Companies Act not to apply
- 131Saving of existing co-operative societies
- 132Bar of jurisdiction of civil or revenue courts
- 133Powers of civil Court
- 134Indemnity
- 135Service rules for employees of co-operative societies