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