Section 103 - Co‑operative societies functioning immediately before reorganisation of States.
Multi-State Co-Operative Societies Act, 2002 Chapter XIII SOCIETIES WHICH BECOME MULTI-STATE CO-OPERATIVE SOCIETIES CONSEQUENT ON REORGANISATION OF STATES
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Multi State co operative status deemed on state reorganisation, with reconstitution schemes and binding certification following general body approval. A co operative society confined to one State that becomes multi State by State reorganisation is deemed registered under this Act and its bye laws remain effective unless inconsistent with the Act. Successor States may divide such deemed multi State societies into State societies within a specified period, otherwise the deemed society must seek registration. The Central Registrar or authorised officer may propose a reconstitution scheme to the general body for formation of new societies or transfer of assets and liabilities; certification after majority sanction makes the scheme binding, or, if not sanctioned, referral to an appropriate High Court judge yields a final decision. Transfers to existing societies require acceptance by those societies by majority resolution.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Multi State co operative status deemed on state reorganisation, with reconstitution schemes and binding certification following general body approval.
A co operative society confined to one State that becomes multi State by State reorganisation is deemed registered under this Act and its bye laws remain effective unless inconsistent with the Act. Successor States may divide such deemed multi State societies into State societies within a specified period, otherwise the deemed society must seek registration. The Central Registrar or authorised officer may propose a reconstitution scheme to the general body for formation of new societies or transfer of assets and liabilities; certification after majority sanction makes the scheme binding, or, if not sanctioned, referral to an appropriate High Court judge yields a final decision. Transfers to existing societies require acceptance by those societies by majority resolution.
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