01.02.2014 Views

Bihar Cooperative Societies Rules, 1959 - Cooperative Department ...

Bihar Cooperative Societies Rules, 1959 - Cooperative Department ...

Bihar Cooperative Societies Rules, 1959 - Cooperative Department ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

The <strong>Bihar</strong> <strong>Cooperative</strong> <strong>Societies</strong><br />

<strong>Rules</strong>, <strong>1959</strong><br />

NOTIFICATION<br />

No. B/Act-04/59 – 7661 the 10 th June, <strong>1959</strong>.- In exercise of the powers<br />

conferred by section 66 of the <strong>Bihar</strong> and Orissa <strong>Cooperative</strong> <strong>Societies</strong> Act, 1935<br />

(B.& O. Act VI of 1935), the Governor of <strong>Bihar</strong> is pleased to make the following<br />

amendments in the rules, the same having been previously published in the <strong>Bihar</strong><br />

Gazette, Dated the 17 th July 1957, as required by sub-section (3) of the said<br />

section of Act.<br />

AMENDMENTS.<br />

THE BIHAR COOPERATIVE SOCIETIES RULES, <strong>1959</strong><br />

In exercise of the powers conferred by section 66 of the <strong>Bihar</strong> and Orissa<br />

<strong>Cooperative</strong> <strong>Societies</strong> Act. 1935 (B.& O. Act VI of 1935), and in supersession of all<br />

previous rules made under the said section, the Governor of <strong>Bihar</strong> is pleased to<br />

make the following rules, the same having been previously published as required<br />

by sub-section (3) of the said section.<br />

RULES.<br />

Title and Definitions.<br />

1. Title. – These rules may be called the <strong>Bihar</strong> <strong>Cooperative</strong> <strong>Societies</strong> <strong>Rules</strong>,<br />

<strong>1959</strong>.<br />

2. Definitions. – In these rules unless there is anything repugnant in the<br />

subject of context. –<br />

(i) “the Act” means the <strong>Bihar</strong> and Orissa <strong>Cooperative</strong> <strong>Societies</strong> Act.<br />

1935 ( B.& O. Act Vi or 1935):<br />

(ii) “affiliating society” means a registered society of which another<br />

registered society is a member; and “affiliated society” means a<br />

registered society which is a member of an affiliating society;<br />

(iii) “cooperative year” means a year beginning with the 1 st July and<br />

ending on the 30 th June;<br />

(iv) “borrowed capital” means the total of loans, deposits and other<br />

borrowings;<br />

(v) “owned capital” means the total of paid up share capital, reserve<br />

and other funds created out of profits:<br />

(vi) “working capital” means the total of “borrowed capital” and<br />

“owned Capital”;<br />

(vii) “form” means a form included in the Schedule to these rules; and<br />

(viii) “section” means a section of the Act;<br />

(ix) “Apex Society” means-<br />

(a) a society whose area of operation covers the whole of <strong>Bihar</strong> and<br />

which has any other cooperative society and if the Bye laws so<br />

provide, individuals as its members, or<br />

(b) any other cooperative federation having in its area of<br />

operation the whole of <strong>Bihar</strong> and which has been declared as<br />

Apex Society by the Registrar of <strong>Cooperative</strong> <strong>Societies</strong>.<br />

(x) ‘state Level Society’ means –<br />

(a) a society whose area of operation covers the whole of <strong>Bihar</strong> and<br />

whose members are individuals only, or

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!