https://www.taxtmi.com/caselaws?id=189522 The Court upheld the validity of the Punjab Co-operative Societies (Amendment) Ordinance, 1969 and subsequent Act, dismissing the petitions challenging their vires. It ruled that the State Legislature had the authority to legislate on Co-operative Societies engaged in banking activities under List II, Entry No. 32 of Schedule VII, distinguishing between regulating banking business and incorporating corporations. The judgment consolidated multiple petitions and clarified that the decision in one petition applied to all, emphasizing the legislative competence of the State Legislature in regulating such entities. en-us Thu, 29 Jan 1970 00:00:00 +0530 Wed, 11 Jan 2017 17:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189522 The Court upheld the validity of the Punjab Co-operative Societies (Amendment) Ordinance, 1969 and subsequent Act, dismissing the petitions challenging their vires. It ruled that the State Legislature had the authority to legislate on Co-operative Societies engaged in banking activities under List II, Entry No. 32 of Schedule VII, distinguishing between regulating banking business and incorporating corporations. The judgment consolidated multiple petitions and clarified that the decision in one petition applied to all, emphasizing the legislative competence of the State Legislature in regulating such entities. Case-Laws Indian Laws Thu, 29 Jan 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189522