THECO-

OPERATI
VESOCI
ETI
ESACT,
1925

(
ActVI
Iof1925)

CONTENTS

SECTI
ON HEADI
NG

Chapt
erI

PRELI
MINARY

1. Shor
tti
tl
e.

2. Ext
ent
.

3. Def
ini
ti
ons.

Chapt
erI
I
REGI
STRATI
ON

4. TheRegi
str
ar.

4-
A. PowerofRegi
str
art
oissuesear
chwar
rant
.

5. Soci
eti
eswhi
chmayber
egi
ster
ed.

6. Rest
ri
cti
onsoni
nter
estofmemberofsoci
etywi
thl
i
mit
edl
i
abi
l
ityandashar
e
capi
tal
.

7. Condi
ti
onsofr
egi
str
ati
on.

7-
A. El
i
gibi
l
ityf
ormember
shi
p.

8. PowerofRegi
str
art
odeci
decer
tai
nquest
ions

9. Appl
i
cat
ionf
orr
egi
str
ati
on.

10. Regi
str
ati
on.

11. Ev
idenceofr
egi
str
ati
on.

12. Annual
gener
almeet
ing.
 13. Speci
algener
almeet
ing.

14. Changeofname:
itsef
fect
.

15. Amal
gamat
ionanddi
vi
sionofsoci
eti
es.

15-
A. Mer
gerofasoci
etyi
nacompany
,et
c.

16. Amendmentoft
heby
-l
awsofasoci
ety
.

16-
A. Power
soft
heRegi
str
art
oamendby
e-l
aws.

Chapt
erI
II

RI
GHTSANDLI
ABI
LITI
ESOFMEMBERS

17. Nor
ight
sofmember
shi
ptobeexer
cisedt
il
lduepay
ment
sar
emade.

17-
A. Speci
alpr
ovi
sionsf
ormember
shi
pofr
esour
cesoci
eti
es.

17-
B. Expul
sionofamember
.

17-
C. Tr
ansf
erofi
nter
esti
nahousi
ngsoci
ety
.
 18. Vot
esofmember
s.

18-
A. Gener
albodyandmanagi
ngcommi
tt
ee.

18-
B. Di squal
ifi
cat
ionf
orbei
ng,
andf
orv
oti
ngatanel
ect
ionofDi
rect
or,
Managerorot
her
of
fi
ceroft
hesociet
y.

19. Rest
ri
cti
onsont
ransf
erofshar
eori
nter
est
.

CHAPTERI
V

DUTI
ESOFSOCI
ETI
ES

20. Addr
essofsoci
eti
es.

20-
A. Pr
ovi
sionofi
nfor
mat
ion.

20-
B. Pr
ovi
sionofi
nfor
mat
ionbyt
heRegi
str
ar.

21. CopyofActet
c.,
tobeopent
oinspect
ion.

21-
A. Updat
ingofr
ecor
dsofsoci
eti
es.
 22. Audi
t.

22-
A. PowerofRegi
str
art
oexer
cisepower
sundersect
ion50-
Aint
hecour
seofanaudi
t.

22-
B. I
nter
nal
audi
tcommi
tt
ee.

CHAPTERV

PRI
VILEGESOFSOCI
ETI
ES

23. Soci
eti
est
obebodi
escor
por
ate.

24. Pr
iorcl
aim ofsoci
ety
.

25. Char
geandset
-of
finr
espectofshar
esori
nter
estofmember
.

26. Shar
esori
nter
estnotl
i
abl
etoat
tachment
.

27. Tr
ansf
erofi
nter
estondeat
hofmember
.

28. Li
abi
l
ityofpastmember
.

29. Li
abi
l
ityoft
heest
ateofdeceasedmember
.
 30. Regi
sterofmember
s.

31. Admi
ssi
bil
i
tyofcopyofent
ryasev
idence.

32. Exempt
ionf
rom compul
sor
yregi
str
ati
onofi
nst
rument
srel
ati
ngt
oshar
eset
cof
soci
ety
.

33. Powert
oexemptf
rom i
ncome-
tax,
stamp-
dut
y,r
egi
str
ati
onandcour
tfees.

33-
A. Gov
ernmentmaygi
vel
oansorguar
ant
eei
nter
estorr
etur
n.

CHAPTERVI

PROPERTYANDFUNDSOFSOCI
ETI
ES

34. Rest
ri
cti
onsonl
oans.

34-
A. Pr
ohi
bit
iononi
ssuanceofbear
ershar
es,
war
rant
s.

35. Rest
ri
cti
onsonbor
rowi
nganddonat
ions.

36. Rest
ri
cti
onsonot
hert
ransact
ionswi
thnon-
member
s.
 37. I
nvest
mentoff
unds.

38. Rest
ri
cti
onsondi
vi
dend.

39. Reser
veFund.

40. Rest
ri
cti
onondi
str
ibut
ionofpr
ofi
ts.

41. Pr
ovi
dentf
und.

42. Cont
ri
but
iont
ochar
it
abl
epur
pose.

CHAPTERVI
I

I
NSPECTI
ONOFAFFAI
RS

43. I
nqui
rybyRegi
str
ar.

44. I
nspect
ionofbooksofi
ndebt
edsoci
ety
.

44-
A. I
nspect
ionofbooksandpr
oper
ti
es.

44-B. PowerofRegi
str
art
oexer
cisepower
sundersect
ion50-
Aint
hecour
seofan
i
nquir
yori
nspect
ion.
 44-
C. Powert
oremov
eof
fi
cer
s.

44-
D. PowerofRegi
str
art
ogi
vedi
rect
ions.

44-
E. Speci
almeasur
es.

44-
F. Gr
iev
ancer
edr
essal
.

45. Cost
sofi
nqui
ry.

46. Recov
eryofcost
s.

CHAPTERVI
II

LI
QUI
DATI
ONANDARBI
TRATI
ON

47. Wi
ndi
ngup.

48. Soci
etymaybewoundupi
fmember
shi
pisr
educed.

48-
A. Wi
ndi
ngupofhousi
ngsoci
ety
.
 49. Ef
fectofcancel
l
ati
onofr
egi
str
ati
on.

49-
A. Recor
dsofcancel
l
edsoci
eti
es.

50. Powerofal
i
qui
dat
or.

50-
A. PowerofRegi
str
art
oassessdamageagai
nstdel
i
nquentpr
omot
ers,
etc.

51. Barofsui
tinwi
ndi
ngupanddi
ssol
uti
onmat
ter
s.

52. Di
sposal
ofsur
plusasset
s.

53. Sur
plusasset
sofhousi
ngsoci
ety
.

54. Ar
bit
rat
ion.

54-
A. Regi st
rar
’spowert
osetasi
det
heawar
dandor
dert
hedi
sput
etober
efer
redback
t
oarbi
trat
ion.

55. At
tachmentbef
oreawar
d.

56. Appeal
agai
nstawar
dofar
bit
rat
or.

57. Fi
nal
i
tyofawar
dsi
ncer
tai
nor
der
s.

58. Power
stoenf
orceat
tendance.
 59. Moneyhowr
ecov
ered.

Power
sofRegi
str
art
orecov
ercer
tai
nsumsbyat
tachmentandsal
eofpr
oper
ty.

Regi
str
arorper
sonempower
edbyhi
mtobeaCi
vi
lCour
tforcer
tai
npur
poses.

59-
A. Tr
ansf
erofpr
oper
tywhi
chcannotbesol
d.

CHAPTERVI
II
-A

DI
STRAI
NT

59-
B. Def
ini
ti
ons.

59-
C. Casesi
nwhi
chappl
i
cat
ionf
ordi
str
aintmaybemade.

59-
D. For
m ofappl
i
cat
ion.

59-
E. Pr
ocedur
eonr
ecei
ptofappl
i
cat
ion.

59-
F. Execut
ionofor
derf
ordi
str
aint
.
59-
G. Ser
viceofnot
iceofdemandandt
hegr
oundsofdi
str
aint
.

59.
H. Ri
ghtt
oreap,
etc.
,pr
oduce.

59.
I. Sal
epr
ocl
amat
iont
obei
ssuedunl
essdemandi
ssat
isf
ied.

59.
J. Pl
aceofsal
e.

59.
K. Pr
ovi
sionsr
elat
ingt
ogr
owi
ngcr
ops.

59.
L. Mannerofsal
e.

59.
M. Post
ponementofsal
e.

59.
N. Pay
mentofpur
chasemoney
.

59.
O. Cer
ti
fi
cat
ebegi
vent
othepur
chaser
.

59.
P. Pr
oceedsofsal
ehowt
obeappl
i
ed.

59.
Q. Cer
tai
nper
sonsmaynotpur
chase.

59.
R. Pr
ocedur
ewher
edemandi
spai
dbef
oret
hesal
e.

59.
S. Di
str
aintofpr
oper
tywhi
chi
sunderat
tachment
.
 59.
T. Sui
tforcompensat
ionf
orwr
ongf
uldi
str
aintandappeal
s.

59.
U. Sav
ings.

CHAPTERI
X

OFFENCES

60. Of
fences.

Def
aul
tbyasoci
ety
,of
fi
cerormember
.

Wi
l
ful
negl
ectordef
aul
tbyasoci
ety
,et
c.

Wi
l
ful
fur
nishi
ngoff
alsei
nfor
mat
ion.

Di
sobedi
enceofsummons,
requi
sit
ion,
oror
der
.

I
ndul
gencei
nfr
audul
entact
ivi
ti
es.

Per
for
mingact
swi
thoutappr
oval
.
 Maki
ngaf
alser
epor
torr
efusi
ngt
odoanact
.

Vi
olat
ionoft
hemast
erpl
an.

Fai
l
uret
opr
ovi
dei
nfor
mat
ion

61. Penal
tyf
orof
fencesnotot
her
wisepr
ovi
dedf
or.

61-
A Penal
tyf
orof
fencesundercl
ause(
i)ofsect
ion60.

62. Pr
ohi
bit
ionoft
heuseoft
hewor
d“co-
oper
ati
ve”
.

62.
A. Penal
ty.

63. Cogni
zanceofof
fences.

CHAPTERX

APPEALSANDREVI
SIONS

64. Appeal
.

64.
A. PowerofSecret
aryCooperat
ivesandtheRegi
str
art
ocal
lforpr
oceedi
ngsof
subor
dinat
eof
fi
cer
sandt
opassordersthereon.
 64.
AA. Fi
nal
i
tyofor
der
sofSecr
etar
yCooper
ati
ves.

CHAPTERXI

MI
SCELLANEOUS

65. Recov
eryofsumsduet
oGov
ernment
.

65.
A.

65.
B. Of
fi
cer
sofsoci
eti
est
obepubl
i
cser
vant
s.

66. Powert
oexemptsoci
eti
esf
rom condi
ti
onsast
oregi
str
ati
on.

67. Power
stoexemptsoci
eti
esf
rom pr
ovi
sionsofAct
.

68. Compani
esActnott
oappl
y.

69. Br
anches,
etc.
,ofsoci
eti
esout
sidet
hepr
ovi
nce.

70. Not
icenecessar
yinsui
ts.
 70.
A. BarofJur
isdi
cti
on.

70-
B. Assi
stancebyl
awenf
orcementagenci
es.

71. Rul
es.

72. Repeal
andsav
ings.

72.
A. Const
ruct
ionofr
efer
encest
oCo-
oper
ati
veSoci
eti
esAct
,1912,
inenact
ment
s.

72.
B. [
Repeal
ed]

73. [
Repeal
ed]

SCHEDULE

[
Repeal
ed]

[
1]THECO-
OPERATI
VESOCI
ETI
ESACT,
1925
(
ActVI
Iof1925)

[
4December1925]

AnActt
oconsol
i
dat
eandamendt
hel
awr
elat
ingt
o

co-
oper
ati
vesoci
eti
esi
n[2]
[Pr
ovi
nceoft
hePunj
ab]
.

[
3][
Preambl e.–Whereasiti
sexpedientt
oprovideforthef ormati
on,regi
strat
ionandregul
ati
on
ofcooperativ
esociet
iesfort
hepr omoti
onofthri
ft,selfhelpandmut ualassi
stanceamongst
agri
cul
turi
storotherpersonswithcommoneconomi corsoci ali
nter
estsandf orachi
evi
ng
bet
terstandardsofli
vingandforthematter
sincidentaltheret
o;

I
tisher
ebyenact
edasf
oll
ows:
-]

[
4][
CHAPTERI

PRELI
MINARY]

1.Shor
tti
tl
e.–Thi
sActmaybecal
l
edt
he[
5][
***
]Co-
oper
ati
veSoci
eti
esAct
,1925.

[
6][
2. Ext
ent
.–Thi
sActshal
lext
endt
owhol
eoft
hePunj
ab.
]
3.Def
ini
ti
ons.
–Int
hisAct
,unl
esst
her
eisany
thi
ngr
epugnanti
nthesubj
ectorcont
ext
,

[
7][
(a)“benef
ici
alowner
”meansanat ur
alpersonwhoownsorcontr
olsasociet
y,whet
her
dir
ectl
yorindi
rect
lyorbyvot
ingrightsorbyexer
cisi
ngeff
ect
ivecont
rol
inthatsoci
etyorby
suchothermeansasmaybepr escri
bed;
]

[8]
[(aa)]“by
-l
aws”meansby-
lawsregi
ster
edundert
hisActandf
ort
het
imebei
ngi
nfor
ce
andincludesaregi
ster
edamendmentofsuchby-
laws;

(b)“Committee”meanstheCommitt
eeofManagementorot
herdi
rect
ingbodyt
owhom
t
hemanagementoftheaf
fair
sofasoci
etyisent
rust
ed;

[
9][
(bb)“Financi
ngBank”meansasocietythemainobjectofwhi
chi
stomakeloansi
ncash
orinkindtoanyothersoci
etyortoanagr
icul
turi
stwhoisnotamemberofasoci
etyortobot
h
societ
iesandsuchagricul
tur
ist
s;]

[
10]
[(
bb-
i) “
Gov
ernment
”meansGov
ernmentoft
hePunj
ab;
]

[11]
[(
bbb)“Loan”i
ncl
udesf
inanceasdefi
nedintheBanki
ngTribunalsOr
dinance,
1984(
LVI
II
of1984)andal
lcognat
eexpr
essionsshal
lbeconstr
uedaccor
dingly]
;

(
c)“Member ”i
ncludesapersonj
oini
ngi
ntheappl
icat
ionfort
her
egi
str
ati
onofasociet
y
orapersonadmit
tedtomember shipaf
terr
egi
str
ati
oni
naccordancewi
tht
herul
esandby-l
aws
appl
i
cabletosuchsociety
;

(
d)“Off
icer
”incl
udesaChairman,Secr
etar
y,Treasur
er,
memberofcommitt
eeorother
per
sonempoweredundertherul
esorundertheby-
lawsofasoci
etyt
ogivedi
rect
ionsi
nregard
tot
hebusi
nessofsuchsociet
y;

[
12]
[(
dd)pr
escr
ibed”meanspr
escr
ibedbyt
her
ulesmadeundert
hisAct
;]
 (e)“Societ
y”meansasoci
etyr
egi
ster
edordeemedt
ober
egi
ster
edordeemedt
obe
r
egi
steredunderthi
sAct
;

(
f)“
Regist
rar
”meansapersonappoi
ntedt
oper
for
mthedut
iesofaRegi
str
arofCo-
oper
ati
veSoci
eti
esundert
hisAct
;

(
g)“
Rul
es”meansr
ulesmadeundert
hisAct
;

[13]
[(
gg)“Secr
etar
yCooper
ati
ves”meansSecr
etar
ytot
heGov
ernment
,Cooper
ati
ves
Depart
ment;
]

(
h)(1) a“resour
cesociet
y”meansasociet
yformedwi
tht
heobj
ectofobt
aini
ngf
ori
ts
member
sthecredit
,goodsorservi
cesr
equi
redbythem;

(
2)a“ pr
oducers’
societ
y”meansasoci et
yformedwit
htheobjectofproduci
ngand
di
sposi
ngofgoodsasthecoll
ecti
vepropert
yofit
smember sandincl
udesasocietyfor
med
wi
ththeobj
ectoft
hecoll
ecti
vedisposaloft
helabourofthemembersofsuchsociety;

(
3)a“ consumers’
society”meansasocietyf
ormedwi t
htheobjectofobtaini
ngand
dist
ri
buti
nggoodstoorofperfor
mi ngservi
cesfori
tsmembers,aswel l
ast ootherconsumer
s
andofdivi
dingamongitsmember sandcustomersinaproport
ionprescri
bedbyt herul
esorby
theby-
lawsofsuchsociet
y,t
hepr ofi
tsaccr
uingfr
om suchsupplyanddist
ribut
ion;

(
4)a“ housingsoci
ety
”meansasociet
yfor
medwit
htheobj
ectofprovi
dingits
memberswit
hdwelli
nghouses[14]
[andf
aci
l
iti
esrel
ati
ngt
ohousi
ngneeds]oncondit
ionstobe
det
ermi
nedbyit
sby -
laws;

(
5)a“ gener
alsoci
ety
”meansasoci
etynotf
all
i
ngunderanyoft
hef
ourcl
asses
abov
e-menti
oned.
 TheRegi
strarshal
lcl
assi
fyal
lsoci
eti
esunderoneorot
heroft
heabov
eheads
andhi
sdeci
si
onshal
lbef
inal.

Asoci
etyf
ormedwit
ht heobjectoff
aci
l
itat
ingtheoperat
ionsofanyoneoft
he
abov
ecl
assesofsoci
eti
esshal
lbecl
assif
iedasasociet
yoft hatcl
ass.

Ali
stofal
lsuchsoci
eti
es,
socl
assi
fi
edshal
lbepubl
i
shedannual
l
yint
he
[
15]
[Of
fi
cial
Gazet
te]
.

[
16]
[CHAPTERI
I

REGI
STRATI
ON]

4.TheRegi strar
.–[17]
[The[18][
Government]]mayappointapersontobeRegi
str
arofCo-
operati
veSocieti
esfor[19]
[t
hePr ovi
nce]oranyport
ionofit,
andmayappointapersonor
personstoassistsuchRegistr
ar,andmay ,
bygeneralorspecial
order,
conf
eronanysuch
personorpersonsalloranyofthepower sofaRegistr
arunderthisAct.

[20]
[4-A.PowerofRegistrartoissuesearchwar r
ant.–(1)Forthepurposeofr ecoveri
ngany
paper s,
documentsorbooksofaccountbel ongingtoasociety,t
heRegi str
armayi ssueasear
ch
warrantandexerciseal
l suchpower swit
hr espectther
etoasmaybel awfull
yexercisedbya
Magi str
ateundertheProvisi
onsofChapt erVIIoftheCodeofCr imi
nal Procedure,
1898,andal
l
suchsear chesshall
bemadei naccordancewi t
hthePr ovi
sionsofthatCode.

(
2)Thepowersundersub-
sect
ion(1)shallnotbeexerci
sedbytheRegist
rarbef
oreser
ving
anoti
ceonthesoci
etyandgiv
ingi
tareasonabl eoppor
tunit
ytoproducesuchpaper
s,
document
sorbooksofaccountasarespecif
iedinsuchnotice.
]

5.Societ
ieswhichmayberegi
ster
ed.–Subj
ectt
otheprov
isi
onsherei
naf
tercont
aineda
soci
etywhichhasasi
tsobj
ectt
hepr omot
ionoft
heeconomicint
erest
sofit
smember si
n
accor
dancewit
hco-oper
ati
veprinci
ples,
orasociet
yestabl
ishedwit
htheobj
ectoffacil
i
tat
ing
theoper
ati
onsofsuchasociet
y,mayber egi
ster
edunderthisActwi
thorwit
houtl
imitedli
abi
li
ty:

Pr
ovi
dedt
hat
,unl
ess[
21]
[t
he[
22]
[Gov
ernment
]]bygener
alorspeci
alor
derot
her
wise
di
rect
s–

(
a)t
hel
i
abi
l
ityofasoci
etyofwhi
chamemberi
sasoci
etyshal
lbel
i
mit
ed;

[
23]
[(
b)ifasoci
etyi
samemberofanot
hersoci
ety
,thatsoci
etyshal
lnomi
nat
eanyofi
ts
memberstoser
veasadi
rect
oroft
hesoci
etyofwhi
chitisamember ;

(
c)t
hedir
ectorofasoci
etywhoisnominatedundercl
ause(
b)shal
lbeanat
ural
personand
shal
lpr
ovi
deprescri
bedi
nformat
iontothesociet
ytowhichhei
snominat
edint
heprescri
bed
manner
;

(
d)thesecretaryofasociet
yshall
keepanupdat
edr ecordofanynomi
nat
eddir
ector
s,as
wellaspr
ovidepr escr
ibedi
nfor
mationoft
henominateddirect
orstot
heRegi
str
arbot
hannuall
y
andfrom t
imet otimewhenchangesoccurint
heprescribedmanner;

(
e)theRegist
rarshal
lkeepanupdat
edr
ecor
doft
henomi
nat
edDi
rect
orsofal
lsoci
eti
esi
n
t
heprescr
ibedmanner;

(
f)ot
herthanassetouti
nsubsecti
on( b)
,nodi
rect
orshal
lnomi
nat
eonhi
sbehal
famember
ordi
rect
ortoperf
ormthemember shi
prightsonhi
sbehalf
.]

[24][
(g)
] t hel
iabilityofasociet
yofwhichthepri
maryobjecti
sthecr
eationoff undstobe
l
enttoitsmember s,andofwhi chthemajori
tyofthemember sar
eagri
cul
turistsandofwhich
nomemberi saregist eredsoci
etyshal
lbeunli
mitedandt
hemember sofsuchasoci et
yshal
l,
onitsli
qui
dati
on,bej ointl
yandseveral
l
yli
ableforandinr
espectofal
lobl
igationsofsucha
soci
ety:
 Provi
dedfur
thert
hatwhenthequest
ionwhethert
hel
i
abi
li
tyofasociet
yisli
mitedor
unl
imitedhasoncebeendeci
dedbytheRegist
raratt
het
imeofregi
str
ati
onhisdecisi
onshal
lbe
fi
nal.

6.Restri
cti
onsonint
erestofmemberofsoci
etywit
hlimi
tedl
iabi
li
tyandashar
ecapit
al.
–
Wheretheli
abil
i
tyoft
hemember sofasoci
etyisl
imit
edbyshares,nomemberothert
hana
soci
etyshal
l–

(a) hol dmorethansuchpor

tionoftheshar
ecapit
aloft
hesoci
ety
,subj
ectt
oa
maximum ofonef
if
th,
asmaybepr escr
ibedbytherul
es;
or

[
25][
(b) hav eorcl
aimtohaveanint
eresti
ntheshar esoft
hesociet
ynotexceedingtwo
hundredthousandrupeesandift
hesoci
etyisahousingsociet
y,amembermayhav eorclai
m
tohaveani nt
eresti
nthesharesoft
hesociet
y,notexceedingf
ivehundr
edthousandrupees:

provi
dedt
hatt
heaf
orement
ionedrest
ri
cti
onsshall
notapplyt
otheGovernmenti
fitchoosest
o
becomeamemberofasoci
ety,i
npubli
cinter
est
,exceptahousi
ngsoci
ety.
]

[
26][7. Conditi
onsofregist
ration.
–[27][(
1)Nosoci
ety,othert
hanasocietyofwhicha
memberi sasociet
y,shall
ber egist
eredunderthi
sAct,
unl essi
tconsi
stsofatleastt
en
member s;i
ncaseofapr oducers’societ
yconsist
sofatleastfi
ft
ymember s;and,i
ncaseofa
housingsoci
etyconsi
stsofatl eastonehundredmember s:

provi
dedthateachmemberofasociet
y,exceptt
hehousingsoci
etyandproducer
s’societ
y,
shal
lhav
et heordi
narypl
aceofabodei
nthesamepat warci
rcl
eoradjoi
ningpatwarci
rcl
e.]

(
2)Nosocietyshal
lberegist
eredforthepurposeofcar
ryi
ngonbusi
nessasabanki
ng
soci
ety
,fi
nanci
ngbankorwhi chusesaspar tofit
snameunderwhichi
tproposest
ocar
ryon
busi
ness,
theword“bank”or“banking”unl
ess–

(
a)i
thasapai
dupcapi
tal
ofnotl
esst
hant
went
ymi
l
li
onr
upeesorsuchhi
gheramount
,
asmaybepr
escr
ibed;
and

(
b)sat
isf
iessuchot
hercondi
ti
onsasmaybepr
escr
ibed.

(
3)Theword“Li
mit
ed”shal
lbet
hel
astwor
dint
henameofev
erysoci
etyr
egi
ster
edwi
th
l
i
mit
edl
iabi
l
ity
.]

[
28][
7-A.El
i
gibi
l
ityf
ormember
shi
p.–Aper
sonshal
lbeel
i
gibl
etobecomememberofasoci
ety
i
f–

(a)incaseofani
ndi
vi
dual
,heisabovetheageofeighteenyear
s,i
sofsoundmi
nd,
is
sol
ventandhasnotappl
i
edtobeadjudgedasanun-di
schargedinsol
vent
;

(
b)i
tisacooper
ati
vesoci
ety
;or

(
c)i
tisabodycor
por
ateoracompany
.]

[
29]
[8.PowerofRegistr
artodeci
decertai
nquest i
ons:I
fanyquesti
onarisesastowhetherf
or
t
hepurposesofthi
sAct ,aper
sonisanagricult
uri
stornot,orast
owhichpat warci
rcl
eheis
r
esi
dentof,t
hequestionshall
bedecidedbyt heRegist
rar
,whosedeci
sionshallbethefi
nal
.]

9.Appl
icat
ionf
orregi
str
ati
on.
–(1)Forpur
posesofr
egi
str
ati
onanappl
i
cat
iont
oregi
stershal
l
bemadetotheRegi
str
ar.

[
30]
[(
2)Theappl
i
cat
ionf
orr
egi
str
ati
onofacooper
ati
vesoci
etyshal
lbe–

(
a)madei
nwr
it
ingspeci
fyi
ngt
headdr
essofi
tspr
oposedr
egi
ster
edof
fi
ce;
 [
31]
[(b)si
gnedbyatleastfi
ft
ypersonsincaseofaproducers’
soci
ety
;hundredper
sons
i
ncaseofahousingsociet
y;and,
atleasttenper
sonsforanyothercat
egor
yofsocieti
eswi
th
pr
oofoft
heidenti
fi
cat
ionsofthosepersons:

provi
dedthatt
hecondi
ti
onast
othenumberofpersonsshal
lnotbeappl
i
cabl
eincasewher
e
atl
eastoneofthepr
oposedmember
sisasoci
ety;
]

(c)accompanied,i
nthecaseofproducers,orhousi
ngsociet
yoranyothersoci
ety
whichislikel
ytoadver
selyaf
fectt
heenvi
ronment ,appr
ovalofthecompet
entauthori
tyi
n
accordancewi t
hsecti
on12ofthePaki
stanEnvironmentalProt
ecti
onAct,
1997( ActXXXI
Vof
1997);

(
d)accompani
edbyt
hef
oll
owi
ngdocument
s:

(
i)af
easi
bil
i
tyr
epor
tshowi
ngi
tsf
inanci
alv
iabi
l
ity
;

Explanati
on.
–Financi
alvi
abil
i
tyshal
lincl
udeast
atementoff
inances
rel
ati
ngtotheexpectedbusinesstur
noverofthesoci
ety
,stat
ingt
henumberofmember sand
expendi
tur
esbeingwi t
hinit
sincome;

(i
i) pr
ooft
hatpromotermembers’
cont
ri
but
ionst
owar
dst
hepai
dupshar
ecapi
tal
ar
einaccor
dancewitht
hefeasi
bil
i
tyrepor
t;

(i
ii
)pr oofofthepaymentofsuchregi
strationfeeasmaybepr escri
bed;pr
ovi
ded
t
hatdif
fer
entregi
strat
ionf
eemaybepr escri
bedfordifferentcat
egori
esofsoci et
ies;
provi
ded
f
urt
herthati
ncaseofagr i
cult
uresoci
ety
,theregi
str
ationf eeshal
lnotexceedf i
vehundred
r
upees;[
32][
*]

(
iv)acopyoft
hepr
oposedby
-l
awsoft
hesoci
ety[
33]
[;
]
 [
34][
(v)inf
ormati
onasmaybepr
escr
ibedabouti
tsmember
s,benef
ici
alowner
s,
r
unni
ngaf
fai
rsofthesoci
ety
;and

(vi
)infor
mat i
onasmaybeprescr
ibedregar
dingi
tsemployeesandoff
icer
s,and
thereasons,
ifany
,forrunni
ngt
heaff
air
sbythem, i
ncasethesoci
etyisrunbynon-
member si.
e.
offi
cersoremploy
ees.]

(3)Ahousingsoci etyshall
,wit
hinaperi
odofoney earofitsregi
strat
ion,f
urni
shthe
scheduleofproposeddev elopmentofland,masterplan,si
teplanindicat
ingavail
abi
li
tyoft
he
exi
stingpubl
icutil
i
ties,publi
cameni t
iesandotherall
iedfaci
lit
iesintheareaand,incaseofi
ts
fai
lure,
theRegist
rarmayde- r
egist
erthesoci
etyafteraff
ordingitanoppor t
unit
yofheari
ng.

(4)Ther egi
str
ati
onfeeshal
lbedeposi
tedi
ntheaccountoft
heRegi
str
arandshal
lbe
ut
il
izedi
ntheprescri
bedmanner
.]

10. Regi
str
ation.–IftheRegist
rarissatisf
iedthatasocietyhascompli
edwiththepr
ovi
sions
ofthi
sActandt herulesandthatitsproposedby -
lawsarenotcontrar
yto[35]
[anyl
awfort
he
ti
mebeinginforce],hemayregisterthesocietyandit
sby -l
aws.

11. Ev idenceofregist
rat
ion.
–Acertif
icat
eofregist
rat
ionsi
gnedbytheRegi
str
arshal
lbe
conclusiveev i
dencethatt
hesoci
etytherei
nmentionedisdul
yregi
ster
edunl
essiti
sprovedt
hat
theregistrat
ionofthesociet
yhasbeencancel
led.

12. Annualgener
almeeti
ng.
–Everysociet
yshallwit
hinaperi
odofthr
eemont
hsaftert
hedat
e
fi
xedformakingupit
saccount
sfortheyearundertherul
esfort
heti
mebeingi
nfor
cecalla
gener
almeetingofi
tsmembers.

13. Speci
algener
almeet
ing.
–Aspeci
algener
almeeti
ngmaybecal
l
edatanyt
imebya
major
it
yofthecommitt
eeandshal
lbecal
ledwit
hinonemont
h–

(
1)ont
her
equi
sit
ioni
nwr
it
ingofone-
fi
ft
hoft
hemember
soft
hesoci
ety
,or
 (
2)att
hei
nst
anceoft
heRegi
str
ar.

14. Changeofname: it
seffect.–Asocietymay,byaresol
uti
onofageneralmeetingandwi t
h
theapprov
aloftheRegist
rar,changeitsname:butsuchchangeshal
lnotaf
fectanyrightor
obli
gati
onofthesoci
ety,orofanyofi t
smember s,orpastmembersandanylegalproceedi
ngs
pendingmaybecontinuedbyoragai nstthesoci
etyunderi
tsnewname.

[36][
15.Amal gamati
onanddivisi
onofsociet
ies.
–(1)Anyt
woormoresociet
iesmay
,wit
hthe
priorapprov
al oft
heRegist
rar,
byar esol
uti
onpassedbytwo-
thi
rdmaj
ori
tyofthemember
s
presentandv oti
nginageneralorspeci
almeetingoft
hesoci
eti
es,
amal
gamateasasingl
e
society.

(2)Asocietymay ,wi
tht
hepri
orapprovaloftheRegi
str
ar,byar
esolut
ionpassedbytwo-
thi
rdmajori
tyoft hememberspr
esentandv ot
inginageneral
orspeci
almeeti
ngoft hesoci
ety
div
idethesocietyint
otwoormoresociet
ies.

(3)Asocietyorsocieti
es,asthecasemaybe, bywayofar esol
uti
onpassedinaccordance
withthi
ssecti
on, t
ransfert
o,divi
deoramal gamatei
tsortheirasset
sandliabi
li
ti
eswithany
othersoci
etyorsocieti
esincaseofdivisi
onoramalgamat ionwitht
hepri
orwr i
tt
enconsentof
thecredi
tororcredit
ors,i
fany,ofthesoci
etyorthesoci
eties.

(4)Div
isi
onofassetsandli
abi
l
iti
esshal
ltakepl
aceaf
terdueappr
oval
andaudi
tandi
nsuch
manner
,asmaybepr escr
ibed.

(
5)Nonewsociet
yarisingoutofanexi
sti
ngsoci
etyshall
beregi
ster
edunl
essi
tsat
isf
ies
t
hecondi
ti
onsofr
egi
str
ationofasociet
yundert
hisActortherul
es.
]

[37]
[15-A. Mer gerofasoci
etyinacompany ,
etc.
–[ 38][
(1)Notwithstandinganything
containedinthi
sActandsubjecttoanyotherl
awfort hetimebeinginf orce,asocietymay
,wi
th
thewr i
ttenconsentofit
scr
edit
orsandtheapprovaloftheRegistrar,byar esol
uti
onpassedby
two-thir
dmaj or
it
yofitsmemberspresentandvoti
ngi naspecialgener al
meet i
ngand
i
ncorpor
atingthet
ermsandcondit
ionsofthepr
oposedmer
ger,
mer geitsel
finacompanyora
bodycorporat
eandthemergerofasociet
yshal
lbeasawholer
atherthanmer gerofanypar
tor
phaseofsuchsociet
y:

Prov
idedthatnoticeofthespecialgeneralmeeti
ngshallbeserv
eduponallt
hemembersof
thesoci
etythroughregist
eredpost,recogni
zedcourierserv
iceandthr
oughpubl
icat
ioni
nadai
l
y
newspaperofnat i
onalcir
culat
ionatleastfi
fteendaysbeforesuchmeeti
ng.
]

(2)Ontheful
fi
ll
mentofthelegal
for
mal
i
tiesanddi
sposal
ofobj
ect
ions,
ifany
,theRegi
str
ar
mayissueacer
ti
fi
cateaut
hori
zi
ngsuchmerger.

(
3)Ont heissuanceoft
hecerti
fi
cateundersub-
sect
ion(
2),al
ltheassetsandli
abi
l
iti
esof
t
hesoci
etyshallst
andtr
ansfer
redtothecompanyorthebodycorporat
e,asthecasemaybe.
]

[39]
[16.Amendmentoftheby-l
awsofasociet
y.–(
1)Noamendmentoft
heby
-l
awsofasoci
ety
shal
l beval
i
dunt
ili
tisr
egist
eredundert
hisAct.
]

(
2)IftheRegi
str
arissat
isfi
edthatanyamendmentoft
heby-
laws[40]
[madebyasociet
y]i
s
notcont
raryt
o[41]
[anylawfortheti
mebeingi
nf or
ce]
,hemayr
egist
ertheamendment.

(
3)Whent heRegistr
arregi
ster
sanamendmentofby -l
awsofasoci
ety[
42][
undersub-
sect
ion(
2)]
,heshall
issuetothesociet
yacopyoftheamendmentcert
if
iedbyhi
m, whi
chshal
l
beconcl
usiveevi
dencethatthesameisdul
yregi
stered.

[
43] [
16-A.Powersoft heRegistrartoamendby e-
laws.–(1)I
ftheRegist
rarissat
isfi
edthatt
he
bye-lawsofasocietyareinconsistentwit
hanylawf ort
hetimebeinginforce,
oriti
snecessary
i
nt heinter
estofthesocietyandi t
smember st
omakeamendment sinsuchby e-
laws,hemay ,
bymeansofanot icei
nwr it
ing,givingr
easons,br
ingthefactt
othenot i
ceofthesocietyand
advisethesociet
yt omaket heamendment swit
hinaperiodofsi
xtydays.
 (
2)Ifthesoci
etyf
ail
stomakesuchamendment swithi
ntheti
mespecifi
edinsub-secti
on(1)
,
theRegi
strarmay,
aft
ergiv
ingthesoci
etyanoppor
tuni
tyofbei
nghear
d,regi
stersuch
amendment sashemaydecideandissuetot
hesociet
yacopyoftheamendmentr egist
eredby
him.

(
3)Anappeal shal
ll
iet
othe[
44][
Secr
etar
yCooperat
ives]f
rom anor
deroftheRegist
rar
passedundersub-
secti
on(
2)wit
hint
womont hsoft
hedat eofcommunicat
ionoftheorder
.]

[
45]
[CHAPTERI
II

RI
GHTSANDLI
ABI
LITI
ESOFMEMBERS]

17. Nor ightsofmember shi

ptobeexerci
sedti
llduepaymentsar
emade. –Noper
sonshall
exerci
sether ight
sofamemberofasoci et
yunlessoruntil
hehasmadesuchpaymenttothe
soci
etyinr espectofmembershi
p,oracqui
redsuchint
erestint
hesoci
etyasmaybeprescr
ibed
bytherulesort heby-
lawsofsuchsoci
ety.

[46]
[17-
A.Speci
alprovi
sionsf
ormembershipofresourcesoci
eti
es.
–Not
wit
hst
andi
ngany
thi
ng
contai
nedi
nthisActandanyotherl
awfortheti
mebei nginfor
ce–

(i
)ev er
yappl
icati
onmadebyanyper sonformember shi
pofanAgr icult
uralCr
edit
Societyshallbeaccompaniedbyadecl ar
ati
onspeci
fyingtheimmov abl
eproper t
yonwhi chhe
agreestohav eachargecreatedfortheduesofthesociet
y;andnosuchper sonshal l
be
admi t
tedasamemberorshal lexerci
seri
ghtsofamemberofsuchsoci et
yunl esshemakes
suchdeclaration;

(i
i)anymemberofanAgr i
cult
uralCr
editSoci
etymayatanyt
imemakeadecl
arat
ion
asinclause(i
)regar
dingi
mmov abl
epropert
yonwhi chheagr
eestohaveachar
gecr
eat
edfor
theduesoft hesoci
etyofwhi
chheisamember ;
 (i
ii
)adecl arat
ionmadeundercl
ause(
i)or(
ii
)maybev
ari
edatanyt
imebyamember
wi
tht
heconsentofthesoci
etyi
nfavourofwhi
chsuchchar
gei
screat
ed;

(i
v)nomemberofanAgr i
cul
tur
alCr
edi
tSociet
ysolongasheconti
nuestor
emai n
suchmembershall
ali
enatet
hewhol
eoranypar
toftheproper
tyspeci
fi
edi
nthedecl
arat
ion
madeundercl
ause(i
)or(i
i
);

(
v)anyal
i
enati
onofanypr
oper
tyspeci
fi
edi
nthedecl
arat
ionmadeundercl
ause(
i)or
(
ii
)bysuchmembershal
lbevoi
d;

(
vi)subjectt
othepriorclai
m of[47]
[Government]inrespectoflandr evenueorany
moneyrecover
ableasarrear
sofl andrev
enue, t
hereshall
beaf i
rstchar
gei nfav ourofthe
soci
etyonthepropert
yspecif
iedinthedeclar
ationunderclause( i
)or(i
i
)i nrespectofandt o
theext
entofanydebtorotheroutstandi
ngdemandowi ngbysuchmembert ot hesociety
;

(vii
)anent ryregardingachargeoni mmov ablepropertycreatedbyadecl ar
ati
onunder
clause( i
)or( i
i)oranyv ar
iati
onmadet her ei
nunderclause(ii
i
)shall bemadei ntherecordof
ri
ght smai ntai
nedunderChapt erX-
Aoft he[48][
Sind]LandRev enueCode, 1879,[49]
[ort
he
relevantprov i
sionsofanyot herlawrel
atingtolandrevenueinf or
cei nthearea,
]
not wit
hstandingany t
hingcont ai
nedinthesai dChapter.

Explanat
ion–Forthepurposesofthi
ssecti
onan‘ Agri
cul
tur
alCredi
tSociet
y’meansa
resourcesocietyofwhicht
hepr i
maryobjecti
sthecr eati
onoffundstobelenttoi
tsmember
s
andofwhi chamaj ori
tyoft
hemember sareagri
culturi
stsandofwhichnomemberi sa
regi
steredsocietyandthel
iabi
li
tyofwhichisl
imited.]

[50]
[17-
B. Expul si
onofamember
.–( 1)Asoci
etymayr ecommendtotheRegi
str
artoexpel
from i
tsmember shi
pamemberwhoi sapersi
stentdefaul
teroft
heduesoft
hesociet
yorwho
commi tsanyactprej
udi
cial
tot
hei
nterest
softhesociety:

Providedthatthemanagingcommi t
teeofthesoci
etyshal
l
,af
teraff
ordi
ngthememberan
opportunityofheari
ng,
placethematterbefor
ethegeneral
bodyofthesoci
etyandappr
oval
ther
eofshal lbecommunicatedtotheRegistr
ar.
 (
2)TheRegistr
armayexpel
suchamemberf
rom t
hesoci
etyaf
teraf
for
dinghi
m an
opport
uni
tyofhear
ing.

(
3)TheRegi st
rarshal
l
,befor
epassi
ngtheexpul
sionorder
,deter
minetheamountpay abl
e,i
f
any,bythesoci
etytothememberandmaydi r
ectt
hattheexpulsi
onorderwoul
dtakeeffect
fr
om thedateofpaymentoftheamounttosuchmemberori t
sdepositi
ntheaccountofthe
Regi
strar.

[
51][(
4) Subjecttosubsecti
on(3),amembershall
ceaset
obememberoft hesoci
etyf
rom the
datewhentheexpulsi
onor deroft
heRegist
rart
akeseff
ect
,andincaseofhousi
ngsoci
ety
,the
pl
otofthedefault
ermembershal lal
sobecancel
ledal
ongwithcancel
l
ati
onofmembershi
p
undersubsect
ion(1):

prov
idedt
hatt
hisprovi
sionshall
notappl
ytoamemberofahousi ngsoci
etywhohasmadef
ull
paymentt
owardsthecostoflandandtherequi
sit
edev
elopmentchar
ges.
]]

[52][
17-C.Tr
ansferofi
nter
estinahousingsoci
ety
.–Amemberofasoci etyshallceasetobe
thememberofsuchsoci etyi
ncaseallhisi
nter
estsintheimmov abl
epr opertyi
nt hesoci
etyar
e
transf
erredi
nfavourofanyotherper
sonbysale,i
nheri
tance,gi
ftorotherwise,andtheperson
acquiri
ngsuchinter
est
sshallsubj
ecttotherul
es,beadmittedasamember :

pr
ovi
dedt hatwheremor et
hanonepersonsacquir
etheinterest
s,oneofsuchper
sons,
wit
hmut
ualconsentorthepersonolderi
nage,shal
lbeadmit
tedasamemberhav i
ngri
ghtt
o
vot
ewhi
l
eotherpersonsshall
bet hememberswi t
houtr
ightt
ov ote:

pr
ovi
dedf ur
therthatwhereaminorormental
lydisabl
edpersonacquirest heint
erest
s,
thenat ur
alorlegalguardi
anoftheminoror,
asthecasemaybe, theper sonboundt omai nt
ain
thedisabledpersonshal l
beadmitt
edasamemberandsuchmember shipshallstand
transferr
edtothemi norassoonasheacquiresmajori
tyortothedisabledpersonassoonas
hisdisabil
it
yisremov ed.]
18. Votesofmembers.
–(1)Nomemberofanysociet
yshall
hav emor
ethanonevot
eini
ts
aff
air
s,prov
idedt
hati
nthecaseofanequal
i
tyofv
otesthechair
manshall
haveacast
ingv
ote.

(
2)ASociet
ywhichhasi
nvest
edanypartofit
sfundsi
ntheshar
esofanot
hersoci
ety
,may
appoi
ntoneofi
tsmemberst
ov ot
eintheaf
fair
sofsuchotherr
egi
ster
edsoci
ety
.

[53]
[18-
A.Generalbodyandmanagingcommi t
tee.
–(1)Thepower
sandmanagementofa
soci
etyshal
lvesti
nitsgener
albodyconsi
sti
ngofalli
tsmembers.

(
2)Asoci et
yshal
lhav
eamanagi ngcommitt
ee,const
itut
edinaccor
dancewit
ht her
ules
andtheby-l
aws,whi
chshall
exer
cisesuchpowersandfuncti
onsasmaybedelegatedtoitby
thegener
albody.

(
3)Subjectt
oanygener
alorspeci
alor
derofthe[
54][
Gover
nment ]
,theRegi
str
armay ,
on
suchtermsandcondi
ti
onsashemaydeem fit
,appoi
ntnotmorethantwoexpert
sont he
managingcommitt
eeofasoci
etyfort
hedevel
opmentandpropermanagementoft hesoci
ety
.

(
4)TheRegist
rarmayrequi
reasoci
etytoobt
ainapprov
alofit
sgener
albody,i
nanymat
ter
concer
ningt
hebusinessoft
hesoci
ety,
befor
eproceedi
ngfurt
herint
hematter
.]

[
55][18-B.Disqualifi
cati
onforbei
ng,andforvoti
ngatanelect
ionofDi r
ector,Managerorother
offi
cerofthesoci ety.
–Amemberoft hesoci
etytowhichtheprovi
sionsoft hi
ssecti
onhave
beenappliedbyt he[56][Gover
nment]bynoti
fi
cati
onintheOff
icial
Gazet t
eshallbedisqual
i
f i
ed
forbeing,andforv oti
ngatanelect
ionof,aDir
ector,
Managerorotherof f
icerofthesoci
ety
–

(a)ifhehastakenaloanf r
om t
hesoci
etywhi
chhasbeenout
standi
ngf
orsixmont
hs
ormor eaft
erithasbecomepay abl
eandhasnotbeenr
e-pai
dupt
othedayimmedi
atel
y
precedi
ngthedat eoft
heelect
ion,or

(b) ifhehast
akenaloanf
rom t
hesociet
ywhichisr
epayabl
ebyinst
all
mentsand
t
heamountoft
hreeormor
einst
all
mentshasbeenoutst
andi
ngforsi
xmonthsormor ef
rom t
he
dateonwhi
cht
heamountofthel
asti
nst
all
mentbecamepay
abl
eandhasnotbeenr
e-pai
dupt
o
thedayi
mmedi
atel
ypr
ecedi
ngthedat
eoftheel
ecti
on.

Explanati
on–Thedateonwhichtheloanori
nst
allmentbecomespayabl
eisthedat
e
specif
iedinthebondoranyotheri
nstrumenti
nwri
tingevidenci
ngt
heloanbutdoesnoti
ncl
ude
anyextensionther
eof.
]

19. Rest
ri
cti
onsontr
ansferofshareorint
erest.
–(1)Thetransferorchar
geoftheshar
eor
i
nter
estofamemberinthecapitalofasoci
etyshallbesubj
ecttosuchcondit
ionsasto
maximum hol
dingasmaybepr escri
bedbythisActorbytherules.

(2)Amembershal lnott
ransf
eranysharehel
dbyhi
m orhi
sint
eresti
nthecapi
tal
or
pr
oper
tyofanysoci
etyoranypartt
hereofunl
ess–

(
a)hehashel
dsuchshar
eori
nter
estf
ornotl
esst
hanoney
ear
;and

(b)thetr
ansferorchar
gei
smadetothesoci
etyortoamemberofthesoci
etyort
oa
per
sonwhoseappl
icat
ionformember
shi
phasbeenacceptedbyt
hesoci
ety
.

[
57]
[CHAPTERI
V

DUTI
ESOFSOCI
ETI
ES]

[
58]
[20.Addressofsociet
ies.
–(1)Ev
erysoci
etyshal
lhav
ear
egi
ster
edof
fi
cewhi
chshal
lbe
t
headdressofthesoci
ety.

(
2)Asoci
etyshal
lnotchangei
tsaddr
esswi
thoutt
hepr
iorappr
oval
oft
heRegi
str
ar:
 Provi
dedthatbef
oreseeki
ngtheapprov
aloftheRegist
rar,t
hesoci
etyshal
linf
ormi
ts
members’cr
edit
orsandwhereappl
icabl
e,t
hesocietyofwhichiti
samember ,
bypostandal
so
t
hroughtwonati
onaldai
l
yNewspaper s,
astotheproposedchangeoftheaddr
ess.

(
3)Theapprov
aloft
heRegistr
arshal
limmedi
atel
ybecommuni
cat
edbyt
hesoci
etyt
oit
s
member
s’cr
edi
tor
sandthesociet
yofwhichi
tisamember.
]

[
59]
[20-
A.Provisi
onofi
nfor
mati
on.
–(1)TheSecret
aryofasocietyshal
lpr
ovi
dei
nfor
mat
ionto
t
heRegist
rarannual
l
yorasandwhenrequi
redbyRegist
rar
,insuchmannerandi
nsuchf
orm as
maybeprescri
bed.

(2)TheSecretar
yofasociet
yshall pr
ovi
deanyinformat
ion, i
ncludingbutnotli
mit
edt o
i
nformationr
egardi
ngbenefi
cial
owner s,
member s,nomineesoft hemember s,off
icer
s,
employeesandManagingCommi tteeoftheSoci
ety,i
nthepr escri
bedmannert otherelev
ant
off
iceroraut
hori
tyundert
heAnt i
-MoneyLaunderi
ngAct, 2010(VI Iof2010).

20-B.Prov
isi
onofinf
ormat i
onbyt heRegistrar.–TheRegist
rarshallpr
ovi
deinformationtoany
off
icerortheaut
hori
tyment i
onedundersect ion20- Auponarequestinwri
ti
ng,regardingthe
member sandbenefi
cialowners,offi
cers/empl oyeesoft
hesociet
y ,
asset
sorshar esheldbythe
member sinthesoci
ety,
theiraddresses,nomi neesofthemember s,pr
opert
iesandf i
nancial
condit
ionofthesoci
ety.
]

21. CopyofActet
c.,
tobeopentoinspecti
on.–Ever
ysoci
etyshal
lkeepopent
oinspect
ionat
al
lreasonabl
eti
mesatther
egi
ster
edaddr essoft
hesoci
ety–

(
a)acopyoft
hisAct
,

(
b)acopyoft
her
ulesgov
erni
ngsuchsoci
ety
,

(
c)acopyoft
heby
-l
awsofsuchsoci
ety
,[60]
[*
]
 [
61]
[(
d)anupt
odat
eregi
sterofi
tsmember
sandnomi
neesoft
hemember
s,]

[
62]
[(
e)anupt
odat
eregi
stert
oit
sbenef
ici
alowner
s,and

(
f)suchot
heri
nfor
mat
ionasmayf
rom t
imet
oti
meber
equi
redbyt
heRegi
str
ar.
]

[63]
[21-
A.Updati
ngofrecor
dsofsociet
ies.
-(1)TheRegi
str
arshall
keepsuchrecor
dofthe
benefi
cial
owners,members,nomi
neesofthemember s,
direct
ors,
managingcommitt
eeand
employeesofthesoci
eti
esasmaybepr escri
bed.

(
2)Wit
hinthr
eemont hsofthecommencementofthePunjabCooper
ati
veSoci
eti
es
(Amendment)Act2020, ev erysoci
etyshal
lpr
ovi
dethei
nformati
onabouti
tsbenef
ici
al
ownerst
otheRegistr
ar.

(3)I
fasociet
yfail
stoprov
idet
heinf
ormat
ionasr
equi
redundersubsect
ion(
2),
theRegi
str
ar
mayproceedundersect
ion4-
Aofthi
sAct.

(
4)Fort
hepurposesofensuringtherequi
rement
ssetouti
nsubsect
ions(1)
,(2)and(
3),
the
Regi
str
arshal
lexer
cisesuchresponsibi
l
iti
esandpower
sasmaybepr escri
bed.
]

22.Audit
.–[
64]
[(
1)TheRegistr
arshall
,byhimself,anaudi
tororacommi tt
eeofaudit
ors
appoi
ntedbyhi
m, t
hroughgeneral
orspecialorderint
hisbehal
f,speci
fyi
ngtheper
iodfor
completi
on,
audi
ttheaccount
sofev er
ysocietyonceatleasti
nay ear:

Pr
ovi
dedt
hatnoper
sonshal
laudi
ttheaccount
sofasoci
etyf
ort
woconsecut
ivey
ear
s.]

[
65][
(1-
A)TheRegi
strarmay,bygener
alorspeci
alor
der
,det
erminethef
eepayablet
othe
audi
tororthecommit
teeoftheaudit
ors,
asthecasemaybe,andthefeesodet
erminedshal
lbe
pay
abl
ebyt
hesoci
ety
.]

(
2)Theaudi tundersub-
sect
ion(
1)shalli
ncl
udeanexaminati
onofover
duedebts,
ifany
,the
veri
ficat
ionofcashbal
anceandsecur
it
ies,
andav al
uat
ionoftheasset
sandli
abi
li
ti
esofthe
society.

(
3)TheRegistr
arorotherper
sonaudit
ingtheaccountsofanysoci
etyshal
lhav
efree
accesst
othebooks,account
sandvouchersofsuchsocietyandshal
lbeall
owedtoveri
fyi
ts
cashbal
ancesandsecuri
ti
es.

TheDirect
ors,
Managers,
andotherof
fi
cersoft
hesociet
yshallfurni
shtotheRegi
str
aror
otherper
sonappoint
edtoauditt
heaccount
sofasociet
yallsuchinformat
ionastoit
s
tr
ansacti
onsandworkingastheRegi
str
arorsuchper
sonmayr equire.

(4)TheRegi
str
arandever
yot
herper
sonappoi
ntedt
oaudi
ttheaccount
sofasoci
etyshal
l
hav
epower,
whennecessar
y–

(
i)tosummonattheti
meofhisauditanyof
fi
cer,
agent
,serv
antormemberofthe
societ
ywhohehasreasont
obeli
evecangi
vev al
uabl
einf
ormati
oninregar
dtoanyt
ransact
ion
ofthesoci
etyort
hemanagementofi
tsaf
fai
rs,or

(
ii
)torequi
retheproduct
ionofanybookordocumentrelat
ingt
otheaf
fai
rsofany
cashorsecur
it
iesbel
ongingtothesociet
ybytheoffi
cer
,agent
,serv
ant,
ormemberin
possessi
onofsuchbook,document,cashorsecur
it
ies.

[
66][22-
A.PowerofRegi str
artoexer ci
sepowersundersection50-
Ainthecourseofanaudit
.–
Wher e,
inthecourseofanauditundersection22itappearstotheRegi
str
arthatt
hereexi
sts
anysuchgr oundasisspeci
fiedinsection50-A,
hemay ,ofhisownmotionorontheappli
cati
on
ofthepersonauthori
sedbyhi m undersect
ion22,exer
cisethepowersspeci
fiedi
nsecti
on50-A].

[
67]
[22-
B. I
nter
nal
audi
tcommi
tt
ee.
–(1)Ev
eryhousi
ngandpr
oducer
s’soci
ety
,inaddi
ti
ont
o
theaudi
tofaccountsundersecti
on22,shal
lal
sogettheaccountsaudit
edbyaninternal
audi
t
commi t
teecompri
singatleastt
hreemembersofthesoci
etyotherthanthemember sofit
s
managingcommi t
teeasmaybeappoi ntedbyt
hegeneralbodywiththei
rconsent
.

(2)Ther
eportoft
heinter
nalaudi
tcommit
teeshal
lbesubmit
tedbythesoci
etyorthe
commit
teet
otheRegist
rarwit
hinonemont
hoftherecei
ptorcompil
ati
onofsuchreport
.]

[
68]
[CHAPTERV

PRI
VILEGESOFSOCI
ETI
ES]

23. Soci et
iestobebodiescorpor
ate.–Ther egist
rat
ionofasoci etyshallrenderitabody
corporatebyt henameunderwhichiti
sr egi
stered,wi
thperpetual successionandacommon
seal,andwithpowert ohol
dpropert
y,toenterintocontr
acts,t
oi nstit
ute,anddef endsuit
sand
otherlegalproceedi
ngsandtodoallthingsnecessaryfort
hepur posesofi tsconsti
tut
ion.

24. Pr
iorcl
aim ofsoci
ety.
–Subj
ectt
oanypri
orcl
aim of[
69]
[Gover
nment ]i
nrespectofland
rev
enueoranymoneyr ecover
abl
easl
andrev
enueorofalandl
ordinrespectofrentorany
moneyrecov
erableasrent,

(a) anydebtoroutstandi
ngdemandowi ngtoasoci etybyanymemberorpastmember
[
70][or,i
nthecaseofasoci etyauthorisedundersub- secti
on( 1)ofsection34t omakel oansto
non-member s,byanon-member ]shall beaf ir
stcharge(i)uponcr opsorot heragricult
ural
produceraisedinwholeorinpartwi t
hal oantakenfrom thesoci etyby[71][suchmember ,past
memberornon- member],and(i
i)uponanycat t
le,
fodderf orcatt
le,agr
iculturalorindustr
ial
i
mpl ement sormachiner
y ,
orrawmat erial
sformanuf actureorwor kshop, godownorpl aceof
business,suppli
edtoorpurchasedby[ 72][
suchmember ,pastmemberornon- member ]in
wholeori npartfr
om anyloanwhet heri nmoneyorgoodsgi ven,
him byt hesoci et
y :

Providedthatnothi
ngcont ai
nedi
nthiscl
auseshal
leff
ectt
heclai
msofanybonaf ide
pur
chaserortransfer
eef orv
aluewit
houtnoti
ceofanysuchcr
opsorotheragr
icul
tural pr
oduce,
cat
tl
e,fodderforcatt
leorrawmat er
ial
sformanuf
actur
eorworkshops,
oragri
cult
ural or
i
ndustr
ialimplements;and
 (
b)anyout st
andingdemandsorduespay abletoahousingsoci
etybyanymemberorpast
memberi nr
espectofrent,
shares,
loans,orpurchasemoneyoranyot herr
ight
soramounts
payablet
osuchsocietyshall
beaf i
rstchar
geuponhi sint
eresti
ntheimmov abl
eproper
tyoft
he
societ
y.

25. Char geandset -

offi
nrespectofsharesorint
erestofmember .
–Asociet
yshall
havea
chargeupont heshareorinter
estinthecapi
talandont hedeposi
tsofamemberorpast
memberanduponanydi vi
dend,bonusorprofi
tspayabletoamemberorpastmemberi n
respectofanydebtduef r
om suchmemberorpastmembert ot
hesoci
ety
,andmayset-offany
sum credi
tedorpay ablet
oamemberorpastmemberi nort owar
dspaymentofanysuchdebt.

26. Shar esori nter

estnotli
abletoatt
achment.–Subjectt otheProvisi
onsofsect i
on25, t
he
shareorinterestofamemberi nthecapit
alofasocietyori nanyprovidentfundestabli
shed
undersect i
on41oft hi
sActshallnotbeli
abletoatt
achmentorsal eunderanydecr eeororder
ofaCour tofjust i
ceinrespectofanydebtorli
abil
i
tyincur r
edbysuchmember ,and[73]
[nei
ther
theOffi
cialAssi gneeundertheInsol
vency(Kar
achiDivision[74]
[***])Act,1909norar ecei
ver
underthePr ovincialI
nsolv
encyAct,1920,shal
l
]beent i
tledtoorhav eanycl ai
m onsuchshar e
orint
erest.

27. Transferofint erestondeathofmember .

–( 1)Ont hedeathofamemberofasoci etysuch
societ
ymaywi t
hinaper i
odofoney earfr
om thedeathofsuchmembert ransfertheshareor
i
nterestofthedeceasedmembert oapersonorper sonsnomi nat
edi naccordancewi t
htheby -
l
awsoft hesoci ety,ifdulyadmitt
edamemberoft heSociety
,inaccordancewi thther ul
esorthe
by-l
awsoft hesoci ety,or,i
fther
ei snopersonsonomi nated,tosuchper sonasmayappeart o
theCommi tteetobet heheirorlegalrepr
esentat
iveofthedeceasedmemberi fdulyelecteda
memberoft hesoci ety,ormaypayt osuchnomi nee,heirorl
egalrepresentati
ve,asthecase
maybe, asum r epresent i
ngthev al
ueofsuchmember ’sshareorinterestasascer t
ainedin
accordancewi t
ht her ulesorby-
laws:

Provi
dedthatsuchnominee,
heirorlegal
representati
ve,
asthecasemaybe,mayr
equir
e
t
hatpaymentshall
bemadebyt hesocietywit
hinoney earfr
om thedeathoft
hememberofthe
v
alueoftheshar
eorinter
estofsuchmemberascer t
ainedasaf
or esai
d.
 [75]
[Provi
dedfur
therthatt
henominee,
heirorl
egalr
epresent
ati
veshal
ldi
str
ibut
ethe
amountrecei
vedbyhim amongtheheir
softhedeceased.
]

(2)Asociet
yshallsubj
ectt
othepr
ovi
sionsofsecti
on25andunl esspr
event
edbyanor
der
ofacompetentcourtpaytosuchnomi
nee,heirorl
egalrepr
esent
ati
ve,ast
hecasemaybe,
all
othermoneysduetothedeceasedmemberfrom thesociet
y.

(3)Alltr
ansf
ersandpay
mentsmadebyasociet
yinaccor
dancewi
ththeprov
isi
onsofthi
s
sectionshal
lbeval
idandef
fect
ual
agai
nstanydemandmadeuponthesoci
etybyanyother
person.

28. Liabi
l
ityofpastmember
.–Thel
iabi
l
ityofapastmemberforthedebtsofasoci
etyasthey
exi
stedattheti
mewhenheceasestobeamember ,shal
lcont
inueforaperi
odoftwoyears
fr
om thedateofhisceasi
ngt
obeamember .

[
76]
[29.Li
abi
l
ityoft
heest
ateofdeceasedmember.
–Theestat
eofadeceasedmembershal
lbe
l
i
abl
ef ort
hedebtsoft
hesoci
ety,
attheti
meofhisdeat
h,f
oraper
iodofoneyear
.]

30. Regi
sterofmembers.
–Anyregi
sterorli
stofmembersorshar
eskeptbyanysoci
etyshal
l
bepr
imafacieevi
denceofanyoft
hefoll
owingpart
icul
arsent
eredt
her
ein:
-

(a)thedat
eatwhi
cht
henameofanyper
sonwasent
eredi
nsuchr
egi
sterorl
i
stasa
member;

(
b)t
hedat
eatwhi
chanysuchper
sonceasedt
obeamember
.

31. Admissibi
li
tyofcopyofent r
yasev i
dence.–( 1)Acopyofanyent ryinanybook, r
egisteror
l
istr
egular
lykeptinthecourseofbusi nessinthepossessionofasoci etyshall
,ifdul
ycerti
fied
i
nsuchmannerasmaybepr escr
ibedbyt herules,beadmissibl
einevidenceoft heexist
enceof
theent
ryandshallbeadmi t
tedasev idenceoft hemat t
ersandt r
ansactionstherei
nrecordedin
ever
ycasewher e,andtothesameex tenttowhi chtheori
ginalent
rywoul d,i
fproduced,have
beenadmi
ssi
blet
opr
ovesuchmat
ter
s.

(
2)Int hecaseofsuchsoci eti
esas[ 77]
[the[78][
Gov er
nment]]bygeneralorspecialor
der
maydirectnoof f
icerofasocietyshal
linanyl egalproceedingst
owhi chthesociet
yisnota
part
ybecompel l
edtoproduceanyoft hesoci ety’
sbooks, t
hecontent
sofwhi chcanbepr ov
ed
undersub-secti
on(1),ortoappearasawi t
nesst oprovethemat t
ers,tr
ansacti
onsand
accountstherei
nrecorded,unl
essbyor deroft heCourtoraJudgemadef orspecialcause.

32. Exempti
onf r
om compulsoryr
egist
rat
ionofinst
rument
srel
ati
ngtoshar
es[79][
etc]of
soci
ety
.–Nothinginsecti
on17,sub-
secti
on(1),
clauses(
b)and(c)
,oft
he[80]
[***]Regist
rat
ion
Act,
1908[81]
,shal
lapplyto–

(
1)anyi nstr
umentr
elat
ingtoshar
esi
nasociet
ynotwit
hst
andi
ngt
hatt
heasset
soft
he
soci
etyconsi
stinwhol
eorinpartofi
mmovabl
epropert
y;or

(2)anydebent ure[82][
parti
cipationter m cert
if
icate[83]
[term]financecerti
fi
cate,
mushar i
kacer tif
icate,
modar abacer tif
icateandsuchot herinstrument sasmaybeappr ovedby
theStateBankofPaki stan],i
ssuedbyanysoci etyandnotcr eating,declar
ing,assi
gning,l
imit
ing
orexti
nguishinganyr i
ght,ti
tl
eorint eresttoori nimmov abl
eproper t
yexceptinsof arasit
enti
tl
est hehol dertothesecur i
tyaffordedbyar egi
steredinstr
umentwher ebythesocietyhas
mortgaged, conv eyedorotherwiset ransferredthewhol eorpar tofitsimmov ablepropert
yor
anyinter
estt hereintotrusteesupont rustforthebenef i
tofthehol dersof[84][
such
i
nstrument s];or

(
3)anyendor sementuponortransferofanydebent
ure[85][
part
ici
pati
ont
erm cer
ti
fi
cat
e,
ter
mfinancecert
ifi
cat
e,mushari
kacerti
fi
cate,modarabacer
ti
ficat
e,andsuchot
herinst
ruments
asmaybeappr ovedbytheStat
eBankofPaki stan]
,i
ssuedbyanysociety.

33. Powert oexemptfr

om income- tax,st
amp- dut
y,regi
str
ationandcour tf
ees.–(1)The
[86]
[[
87][
Federal
]Gover
nment ],
bynot if
icat
ioninthe[88][
Offi
cialGazett
e],may,i
nthecaseof
anysociet
yorclassofsoci
eties,remittheincome-taxorsuper -
taxpayablei
nrespectofthe
prof
itsofthesoci
ety
,orofthedi v
idendsorot herpaymentrecei vedbythemember softhe
soci
etyonaccountofprofi
tsorinr espectofinter
est[89]
[orreturn]onsecur
it
iesheldbythe
soci
ety.
 (
2)The[ 90]
[Gov
ernment
]bynot
if
icat
ioni
nthe[
91]
[Of
fi
cial
Gazet
te]
,may
,int
hecaseofany
soci
etyorcl
assofsoci
eti
es,
remi
t–

(a)thestamp- dut
ywithwhich,underanylawf orthetimebeinginfor
ce,i
nst
ruments
executedbyoronbehal fofasociet
yorbyanof f
icerormemberandr el
atingt
othebusi
nessof
thesociety
,oranyclassofsuchinstruments[92][
orsecur i
tybondsexecutedbyoronbehal
fof
offi
cersorserv
antsofasoci et
y]orawar dsoftheRegistrarorarbi
tr
ator
sunderthi
sActare
respecti
vel
ychargeable;and

(b)anyf
eepay
abl
eundert
hel
awofr
egi
str
ati
onandofcour
tfeesf
ort
het
imebei
ngi
n
f
orce.
[93][
***
]

33-
A.[ 94][
Gov ernment]maygi veloansorguar
anteeint
erest[95][
orreturn].
–Withsuch
saf
eguardsasmaybepr escri
bedbyr ul
esinthi
sbehalf,
[96][
the[97][
Gov ernment
]maygive
l
oanstosoci eti
esorguar ant
eet hepaymentof[98]
[t
heprinci
pal ofdebenturesi
ssuedbythem
orofi
nterest[99][orr
etur
n]thereonorboth].

[
100]
[CHAPTERVI

PROPERTYANDFUNDSOFSOCI
ETI
ES]

34. Rest
ri
cti
onsonloans.
–(1)Exceptwi
ththegener
alorspeci
alsanct
ionoft
heRegist
rar
[
101]
[andsubj
ecttosuchter
msandconditi
onsashemayi mpose]asociet
yshal
lnotmakea
l
oantoanypersonothert
hanamember .

(2)Sav
ewiththesanct
ionoftheRegi
str
ar,
asoci
etywi
thunl
i
mit
edl
i
abi
l
ityshal
lnotl
end
moneyont
hesecuri
tyofmovabl
epropert
y.

(3)[ 102]
[The[
103]
[Government
]]may,bygener
alorspeci
alor
der,
prohibi
torr
est
rictthe
l
endingofmoneyonmor tgageofi
mmov ablepr
opert
ybyanysociet
yorclassofsoci
eties.
[104][
(4)Wher etheRegistrarhasaccordedsancti
ontoaf i
nanci
ngbankundersub-secti
on(1)
tomakel oanstonon-member s,asociet
ywhichisamemberofsuchf i
nancingbankmay ,
subjectt
ot heter
msoft hesanct i
onandsuchot herter
msandconditi
onsast heRegist
rarmay
i
mpose, actasanagentoft hef i
nancingbankandassuchagentcarryout,onorwit
houtt he
paymentofanycommi ssion,all
oranyt r
ansact
ionsconnectedwi
thanyloanmadeort obe
madebyt hef i
nanci
ngbank] .

[105][34-
A.Prohi
biti
ononissuanceofbear ershares,warr
ants.−Nosoci etyshallal
l
ot,i
ssue,
sell
,
transferorassi
gnanybearershares,bearersharewar r
antsoranyot herequityordebtsecur
it
y
ofabear ernatur
e,bywhatevernamecal l
ed, andanyallot
ment ,i
ssue,sale,tr
ansfer
,assi
gnment
orot herdi
sposit
ionofanybearersharesorbear ersharewarrant
soranyot herequit
yordebt
secur i
tyofabearernat
ure,shal
lbevoid.]

35. Restr
icti
onsonborr
owing[ 106]
[anddonat
ions]
.–Asoci
etyshal
lreceiv
edeposit
s[107]
[,
donat
ions,grant
s]andl
oansfrom personswhoarenotmembersonlytosuchextentandunder
suchcondi
tionsasmaybepr escri
bedbytherul
esorbythebye-l
awsoft hesoci
ety
.

36. Rest r
ict
ionsonot hertransact
ionswithnon-member s.
–Consumer s’
,producers’
and
housingsocieti
esmayt otheextentpermitt
edbyt heirby-l
awstradewi t
hper sonswhoarenot
member s,butthetransactionsofar esour
cesocietywi t
hpersonsot herthanmember sexcept
asprovidedundersect i
on34or35shal lbesubj
ectt osuchpr ohi
bit
ionsandr est
ri
cti
ons,
ifany
,
as[108][t
he[109][
Gov ernment ]
]maybyr ul
esprescribe.

37. I
nvest
mentoff
unds.
–Asoci
etymayi
nvestordeposi
tit
sfunds–

(
a)i
ntheGov
ernmentSav
ingBank;
or

(
b)i
nanyoft
hesecur
it
iesspeci
fi
edi
nsect
ion20oft
he[
110]
[***
]Tr
ust
sAct
,1882[
111]
;
or

(
c)i
ntheshar
esoront
hesecur
it
yofanyot
hersoci
ety
,pr
ovi
dedt
hatnosuchi
nvest
ment
shal
lbemadei
ntheshar
esofanysoci
etyot
hert
hanonewi
thl
i
mit
edl
i
abi
l
ity
;or

(d)wi
thanybankorper
soncar
ryi
ngont
hebusi
nessofbanki
ngappr
ovedf
ort
hispur
pose
byt
heRegi
str
ar;or

(
e)i
nanyot
hermodeper
mit
tedbyt
her
ules.

[112][
38.Restr
ict
ionondiv
idend.–(
1)Nosoci
ety
,othert
hanhousing,
bankingorproducers’
societ
y,shal
lpayadivi
dendtoitsmember
satarateexceedi
ngtenpercentofi
tsnetprofi
ts.

(
2)Ahousing,
bankingorproducer
s’soci
etyshal
lpayadi
vi
dendt
oit
smember
satar
ate
notexceedi
ngt
wentypercentofi
tsnetprof
it
s.]

39. Reser
veFund.–(1)Ever
ysoci
etywhi
chdoesorcander
iveapr
ofi
tfr
om i
tst
ransact
ions
shal
lmaint
ainareser
vefund.

(
2)I nt hecaseofar esourceorproducers’societyatleast1/ 4thofthenetpr ofi
tsoft he
soci
etyeachy earshallbecar r
iedtothereservefundandi nt hecaseofanyot hersociet yat
l
east1/ 10thoft henetpr ofi
tsofthesociet
yeachy earshall becarriedt
ot hereservefund, and
suchreser vefundmaybeusedi nthebusinessoft hesoci etyormaybei nvested,subjecttothe
prov
isionsofsect ion37, as[113][
the[114]
[Government ]
]maybygener alorspecialorderdi r
ect
,
ormay ,withthepr evi
oussanct ionof[115]
[the[116][Government ]]beusedinpar tforsome
publ
icpur poselikelyt
opr omotetheobject
soft hisActorf orsomepur posesofpr ovincialor
l
ocalinterest.

40. Rest ri
cti
onondistri
butionofprof
its.
–Subj ectt
otheprov i
sionsofsect i
on38thebal ance
ofthepr of
itsofasociet
yaf t
ermakingthepr escri
bedprovi
sionsf orthereservef
undmay ,
togetherwithanyavai
lableprofi
tsofpasty ear
sbedi st
ri
but
edamongi tsmember s,
andi nthe
caseofconsumer s’andpr oducer
s’societ
ies,al
soamongper sonswhoar enotmember s,tothe
extentandunderthecondi ti
onsprescr
ibedbyt herul
esorbyt heby -l
awsofsuchsoci et
ies,
providedthat:
-
 (
a)i nthecaseofar esourcesociet
yonabasisofunl
i
mitedli
abil
i
tyinwhi
chthemembers
donotholdshares,nodist
ri
butionofprofi
tsshal
lbemadewit
houtthegener
alorspeci
alor
der
of[
117][
the[118][
Government]]int
hisbehalf
;and

(b)int
hecaseofaresourcesociet
yonabasisofunl
imit
edl
iabi
li
tyinwhicht
hemember
s
holdshar
es,
nosuchdi
stri
buti
onofpr ofi
tsshal
lbemadeunti
l10y
earsfrom t
hedateof
regi
str
ati
onoft
hesoci
etyhaveelapsed.

41. Pr ovidentfund.–Anysocietymayest abl

ishaprovidentf undforit
smember soutof
contri
butionsfrom suchmember sinaccordancewithby-lawsmadebyt hesociet
yinthi
sbehal
f
andmaycont r
ibut
et osuchprovidentf
undf r
om itsnetprofits,af
terthepr
escri
bedpayments
havebeenmadet othereservefund,prov
idedthatsuchpr ovidentfundshall
notbeusedinthe
businessoft hesocietybutshal
l beinv
estedunderthepr ovisionsofsecti
on37;andprovi
ded
fur
ther,thatnopar tofsuchprovidentf
undshal l
beconsi deredasanassetoft hesoci
ety.

42. Cont
ri
buti
ontochari
tablepurpose.
–Wi t
htheappr
ovalofthe[
119]
[Regi
str
ar]andaf
terthe
payment
sprescr
ibedbysub-sect
ion(2)ofsecti
on39havebeenmadetothereservef
und,any
soci
etymay–

(
a)setasi
deasum notexceedi
ng20percentofi
tsnetpr
ofi
ts,
and

(b)uti
li
zef r
om ti
metotimethewholeofsuchsum i
ncontri
but
ingtoanypubli
corco-
operat
ivepurpose,ort
oacharit
abl
epurposeasdefi
nedinsect
ion2oftheChari
tabl
e
Endowment sAct,1890[
120]
.

[
121]
[CHAPTERVI
I

I
NSPECTI
ONOFAFFAI
RS]

43. I
nquir
ybyRegistr
ar.
–(1)TheRegi
str
armayofhi
sownmot ionbyhimsel
forbyaperson
dul
yauthor
isedbyhiminwri
ti
nginthi
sbehal
fhol
daninqui
ryi
ntotheconst
it
uti
on,wor
kingand
f
inanci
alcondi
ti
onofasoci
ety
.

(
2)TheRegi
str
arshal
lhol
dsuchani
nqui
ryasi
scont
empl
atedi
nsub-
sect
ion(
1)oft
his
sect
ion–

(
a)ont herequisi
ti
onofasociet
y,dul
yaut
hor
isedbyr
ulesmadeinthi
sbehal
ftomake
suchr
equisi
ti
on,i
nr espectofoneofi
tsmembers,
suchmemberbeingi
tsel
fasoci
ety
,

(
b)ont
heappl
i
cat
ionofamaj
ori
tyoft
heCommi
tt
eeoft
hesoci
ety
,

(
c)ont
heappl
i
cat
ionof1/
3rdoft
hemember
soft
hesoci
ety
.

(
3)Al loff
icer
sandmember softhesoci
etywhoseaff
air
sarei
nvest
igat
edshall
furnish
suchinfor
mationinthei
rpossessi
oninregar
dt otheaf
fai
rsoft
hesoci
etyastheRegist
raror
thepersonauthor
izedbytheRegist
rarmayrequir
e.

(4)Theresul
tofanyinqui
ryundert
hissect
ionshal
lbecommuni
cat
edt
othesoci
etywhose
af
fai
rshav
ebeeninvest
igat
ed.

44. Inspect
ionofbooksofindebtedsociet
y.–(1)TheRegi
str
armay,ont
heappl
i
cationofa
credi
torofasocietyi
nspectordi
rectsomeper sonaut
hori
zedbyhi
m byor
deri
nwrit
inginthi
s
behal
ftoinspectthebooksofthesociet
y:

Pr
ovi
dedt
hat
–

(a) t
heappli
cantsat
isf
iest
heRegist
rarthatthedebti
sasum t
hendue,andthathehas
demandedpaymentther
eofandhasnotreceivedsat
isf
acti
onwi
thi
nareasonabl
etime;and

(
b)t
heappl
i
cantdeposi
tswi
tht
heRegi
str
arsuchsum assecur
it
yfort
hecost
soft
he
pr
oposedi
nspect
ionast
heRegi
str
armayr
equi
re.

(
2)TheRegi
str
arshal
lcommuni
cat
ether
esul
tofanysuchi
nspect
iont
othecr
edi
tor
.

[
122] [
44-A. Inspect
ionofbooksandpr operti
es.–TheRegi str
ar,oranyofhisaut
horized
representat
ive,
shall
hav eaccessandrightt
oi nspectthebooks,accounts,
cash,document s,
properti
esandsecuriti
esofasocietyandev eryemploy ee,
pastorpresent,
ofthesocietyshal
l
producethesameandf urni
shsuchinformationwithregardtothetransact
ionsandwor ki
ngof
thesocietyasthepersonmaki ngsuchinspectionmayr equir
e.]

[123][
44-B.PowerofRegi
strartoexercisepowersundersection50-Aint hecourseofaninquiry
orinspecti
on.–Where,i
nthecourseofanyi nqui
ryundersecti
on43orani nspecti
onunder
secti
on44orsect i
on44-Aitappearst otheRegistr
arthatt
hereexist
sanysuchgr oundasi s
specifi
edinsecti
on50-A,hemay ,ofhisownmot i
onoront heappli
cationoftheper son
authori
sedbyhim undersecti
on43orsect ion44orsect i
on44-A,exercisethepower sspeci
fied
i
nsect i
on50- A]
.

[
124][
44-
C.Powert
oremoveoffi
cer
s.–(
1)Anoff
icerofasoci
ety,
bywhatev
ernamecal
l
edmay
beremovedbyt
heRegi
str
ar,
if,
onanenqui
ry,
heissati
sfi
edthatt
hesai
doffi
cer
–

(
i)act
sinamannerpr
ejudi
ci
alt
othei
nter
estoft
hesoci
etyori
tsmember
s;or

(ii
)hasincurr
edanyoft
hedi
squal
if
icat
ionsorhasceasedtopossessanyoft
he
qual
i
ficat
ionsf
orbeinganof
fi
cerpr
ovi
dedbytheAct,r
ulesorbye-
laws;
or

(
ii
i)hascommi tt
edanacti
nrespectofwhi
cht
heRegi
str
ari
sempower
edt
otake
act
ionundersect
ion50-
A.

(2)Anorderundersub-
secti
on(
1)shal
lnotbepassedwi
thoutgi
vi
ngt
otheconcer
ned
of
fi
cerar
easonableopport
unit
yofbei
ngheard.
 (
3)Onbei
ngr
emov
ed,
theof
fi
cershal
lnotper
for
m anyf
unct
ionsassuchi
nrel
ati
ont
othe
soci
ety
.

(4)Anoffi
ceraggr
ievedbyanorderundersub-sect
ion(
1)may ,wi
thinaper
iodofseven
day
sfrom t
hedateoftheorderofhi
sremoval,pr
eferanappealtosuchAppell
ateAut
horit
yas
maybeconsti
tut
edbyt heGover
nmentandt hedecisi
onofthesaidAuthor
it
yshall
befinal
:

Provi
dedthatt
heprov
isi
onsoft
hissect
ionshal
lnotappl
ytot
hePunj
abPr
ovi
nci
al
Cooper
ati
veBankLtd.

[
125][
(5) TheRegi st
rarmaysuspend, foraperiodnotexceedingthreemont hs,amemberof
themanagi ngcommi t
teeofasoci et
yoranyof fi
ceroroffi
cialofthesocietyagainstwhom an
i
nquiryi
spendi ngunderthisActortherearereasonstobeli
ev ethatanysuchmember ,off
iceror
off
ici
alhascommi ttedanyirr
egulari
ty,
il
legali
ty,
breachoftrustoractprejudici
altotheint
erest
s
ofthesociety.
]

44-D.PowerofRegi strartogivedirections.
–( 1)Wher
etheRegi str
arissatisfi
edthati
nthe
publi
cinter
estortoprev enttheaffai
rsofanysoci et
yfrom beingconductedi namanner
detri
mentaltot
heinterestofi t
smember sordeposi
tor
sort hesocietyortosecur et
heproper
managementofanysoci etygenerall
y ,
itisnecessar
y,t
oissuedi r
ecti
onst othesocieti
es
general
lyortoanysociet yi
npar t
icul
ar,itmayissuenecessarydirect
ions,andt hesoci
eti
esor
asthecasemaybet hesoci etyshallbeboundt ocomplywithsuchdi rect
ions.

(
2)TheRegistr
armayonar epresentat
ionmadet ohi
m oronhisownmot ionmodif
yor
cancel
anydir
ecti
onissuedundersub-sect
ion(1)andinsomodif
yingorcancell
i
nganydir
ect
ion
i
mposesuchconditi
onsashemayt hi
nkf i
tsubjectt
owhicht
hemodi f
icat
ionorcancel
l
ati
on
shal
lhaveef
fect
.

44-E.Specialmeasur es.
–(1)Ifi
tappearstot heRegist
rarthati
nt heinter
estoft hemembers
ofasocietyorit
sdeposi t
orsiti
snecessarythatthemoney sreceivedandot herassetsofthe
societ
y,whetherheldinthenameofthatsoci etyoranyotherperson,areprotectedand
preser
ved,theRegistr
aroranyotherpersonaut hori
sedbyhim, maywi thoutprejudi
cetoany
otheract
ionorproceedingswhichmaybet akenagainstthesociet
yunderanyl awforthet
ime
beinginfor
ce:
 (i
)ent
erandsear
chanypr
emi
sesandsei
zebooksofaccountorot
herdocument
sor
r
ecor
ds;

(i
i)t
akeinhiscustodyallmoneys,cash,
securi
ti
es,ti
tl
edeeds,propert
ies,
whether
movableori
mmov able,bel
ongingtosuchsociet
yincl
udingthosebeingheldonbehalfofori
n
thenameofanyofficer
,employeeoragentofthesoci
ety,benefi
ciar
yortransf
ereeofsuch
soci
etyorot
herpersonortheirdependent
s.

(
ii
i)di
rectanybank,
financi
ali
nst
it
utionorper
sontofreezeallmoney sdeposi
tedwit
hit
orhi
m onbehalfofthesoci
etyorofanyoff
icer,
employee,
agent,benefi
ciar
yortransf
ereeof
suchsoci
ety;

(
iv)t
akeall
necessarystepsandmeasur
esfori
denti
fyi
ngasset
sandpr
oper
tyoft
he
soci
etyandforr
eal
izat
ion,
protecti
onandpr
eser
vat
ionther
eof;

(v)restr
ainanysociet
yoroff
icer
,employ
ee,agent,benef
ici
aryort
ransfer
eeofsuch
soci
etyoranypersonderi
vingorcl
aimingti
tl
ethr
oughanyoft hem fr
om al
ienati
ng,tr
ansf
err
ing,
sel
li
ng,assi
gning,di
sposi
ngoforparti
ngwi t
hpossessionofanyproper
ty,
mov ableor
i
mmov able,
order i
vi
nganybenefi
t,r
entorincometherefr
om;

(v
i)makesuchorderforr
eali
zat
ion,pr
otect
ionandpr
eserv
ati
onofdeposi
tsofmoney
andot
herasset
sandpr
opertyofthesociet
yashemaydeem fit
.

(
2)Theorderpassedundersub-secti
on(
1)mayatanyt
imebewi
thdr
awnandshal
lnot
r
emaini
nfor
ceformor et
hanoney ear.]

[
126][
44-F. Grievancer
edr
essal.
–(1)Amemberorasoci
etycanappr
oachtheRegi
str
arf
or
r
edressalofgr
ievances,
notcover
edundersect
ion54,
byf
il
inganappl
i
cati
on.

(
2)TheRegi
str
armayi
ssuenot
icet
othepar
ti
es,
andaf
terpr
ovi
dinganoppor
tuni
tyofhear
ing,
r
edr
esst
hegr
iev
ancet
hroughawr
it
tenor
der
.

(3)Anypartyaggr
ievedbyanorderoftheRegist
rarmayfil
eanappeali
nthemanneras
provi
dedundersecti
on64ofthisAct,
beforetheSecret
aryCooper
ati
veswit
hint
womonthsof
thedateofcommunicati
onoftheorder.
]

45. Costsofinquiry.–Whereaninquir
yisheldundersection43orani nspecti
onismade
undersecti
on44t heRegistr
armayappor t
ionthecosts,orsuchpartofthecosts,ashemay
thi
nkright
,betweent hesoci
ety,t
hemember sorcredit
orsdemandi ngtheinquir
yorinspecti
on,
theoffi
cersorformeroffi
cers,
andthemember sorpastmember soft hesociet
y.[
127][Costs
mayal sobeawar dedbytheRegistr
artothefi
nancingbanki nthecaseofinspecti
onunder
secti
on44-Aoft hebooksofanysoci et
yotherthananAgr i
cult
uralCredi
tSociet
ytheliabi
li
tyof
whichisunli
mited]:

Pr
ovi
dedt
hat
–

(
a)noorderofapport
ionment[
128][
oraward]oft
hecost
sshallbemadeundert
hissect
ion
unl
essthesoci
etyorper
sonsli
abletopaythecostst
her
eunderhasorhav
ebeenheardorhas
orhavehadareasonabl
eopport
unit
yofbeingheard;

(b)t
heRegist
rarshal
lst
ateinwri
ti
ngunderhi
sownhandt
hegr
oundsonwhi
cht
hecost
s
ar
eappor
ti
oned[129][
orawarded]
.

[130][
Expl
anati
on–Fort
hepurposesoft hi
ssect
ionanAgr icul
tur
alCredi
tSoci
etymeansa
resourcesoci
etyofwhicht
heprimaryobjecti
sthecr eati
onoffundstobelentt
oitsmember
s
andofwhi chamaj or
it
yofthemembersar eagri
cul
tur i
stsandofwhichnomemberi sa
regi
steredsoci
etyandthel
iabi
l
ityofwhichisunl
imited.]

[
131][46.Recov er
yofcosts.–Anysum awar dedbywayofcostsundersection45, maybe
recov
ered,ontheappl i
cati
onoft heRegi
str
ar,byaMagistr
atehavi
ngjuri
sdicti
onintheplace
wherethepersonf rom whom themoneyisclaimabl
eactuall
yandvolunt
ari
lyresides,orcar
ri
es
onbusiness,orbyanof fi
cerauthori
zedi
nthisbehal
fbytheGov er
nment,bydi st
ressandsaleof
anymov abl
epr opertybel
ongingtosuchperson,wi
thi
nthelimit
softhejur
isdicti
onofsuch
Magi
str
ateoranysuchof
fi
cer
.]

[
132]
[CHAPTERVI
II

LI
QUI
DATI
ONANDARBI
TRATI
ON]

47. Wi ndi ngup.–Ift

heRegi str
ar,af
teraninquir
yhasbeenhel dundersecti
on43oraf teran
i
nspect i
onhasbeenmadeundersect i
on44[ 133]
[orsecti
on44-A]oronreceiptofanapplicat
ion
madeby[ 134]
[t
wo-thi
rd]ofthemember sofasocietypresentataspeci
algeneralmeeti
ng,
cal
ledfort hepur
poseorofhi sownmot ion,i
nthecaseofasoci et
ythathasnotcommenced
working, orhasceasedwor king[135]
[*** ]
,i
sofopinionthatthesoci
etyoughttobewoundup
hemayi ssueanor derdir
ecti
ngi tt
obewoundup, andthewhennecessar y,
mayappoi nta
l
iquidatorf ort
hepurposeandf ixhisremunerati
on.

[
136]
[48.Soci
etymaybewoundupi fmember shi
pisr educed.
–( 1)TheRegi str
armay,byorder
i
nwri
ting,
dir
ectasociet
yt obewoundup, i
fatanyt imei ti
sprov edt ohi
ssatisf
acti
onthatthe
membershi
pofthesocietyhasbeenreducedt olessthant herequisitemi
nimum numberof
membersandthesociet
y,despi
teareasonableoppor tunit
y,hasf ai
ledtorai
set henumberof
memberstobeinaccordancewit
hthepr ovi
sionsoft hisAct.

(2)Allexi
sti
ngsoci
eti
esshall
,wit
hintwoyear softhecommencementoft
hisAct
,rai
sethei
r
membershiptobei
naccordancewiththeprovi
sionsofthisAct,
fai
li
ngwhi
cht
heRegistr
armay
wi
ndupsuchasoci et
yaft
eraffor
dingitanopportuni
tyofbeinghear
d.]

[
137][
48-A. Windingupofhousingsoci
ety.–Ifahousingsoci
etyf
ail
stocomplete
dev
elopmentandal l
otmentofpl
otsinaccordancewithit
sdevel
opmentschedul
e,theRegi
str
ar
mayorderthewindingupofthesoci
etyafteraff
ordi
ngitanopport
uni
tyofheari
ng.
]

49. Ef
fectofcancel
l
ati
onofr
egi
str
ati
on.
–Whent
heaf
fai
rsofasoci
etyf
orwhi
chal
i
qui
dat
or
hasbeenappointedundersecti
on47hav ebeenwoundup, or
,wher enoliqui
dat orhasbeen
appoi
nted,aft
ertwomont hsfr
om thedateofanorderundersecti
on47, orafterconfi
rmati
onof
suchorderinappeal
,theRegi
strarshal
lmakeanordercancell
ingtheregistr
ationofthesoci
ety
,
andthesociet
yshallbedeemedt obedissol
vedfr
om thedateofsuchor der.

[138][
49-
A.Recordsofcancell
edsoci
eti
es.
−(1)TheRegi
str
arshal
lkeepallt
herecor
dsofa
societ
yalongwit
hproceedingofli
qui
dati
oncomplet
edwhoseregi
strat
ionhasbeencancel
l
ed
foraperi
odnotlessthanfi
v eyear
s.

(2)TheSecr
etar
yofasociet
ywhoseregist
rat
ionhasbeencancel
l
edshal
lal
sokeept
he
r
ecordoft
hesoci
etyforaper
iodnotl
essthanfi
veyears:

provi
dedthatthesociet
yshalldi
sposeofi
tsr
ecor
daf
terf
ivey
ear
saf
tert
heappr
oval
of
t
heRegist
rarCooperat
iveSociet
ies.
]

50. Powerofal
iquidat
or.
–Aliquidat
orappoi
ntedundersect
ion47shal
lhav
epowerwi
tht
he
sanct
ionoft
heRegistr
artodoall
oranyofthefoll
owingthi
ngs:-

(
a)payanycl
assorcl
assesofcr
edi
tor
sinf
ull
;

(b) makeanycompr omiseorar

rangementwi
thcr
edi
tor
sorpersonsclai
mingtobe
credit
orsorhavi
ngorall
egingthemselv
estohaveanycl
aim,
presentorf
utur
e,wherebyt
he
societymayberender
edliable;

(
c)t ocompr omi seallcall
sorli
abili
ti
est ocallsanddebt s,andli
abili
ti
escapabl eof
result
ingi ndebt s,andal lcl
aims, pr
esentorf uture,cert
ainorcontingent
, subsist
ingorsupposed
tosubsi stbet weent hesoci
et yandacont ri
butoryoral l
egedcont ri
butor
yorot herdebtoror
personappr ehendi ngliabi
li
tytothesocietyandal l
questionsinanywayr elat
ingtooraf fect
ing
theasset sort hewi ndingupoft hesocietyonsucht ermsasmaybeagr eedandt akeany
securityfort hedischar geofanysuchcal l,l
iabili
ty,debt,
orclaim andgiveacompl etedischarge
i
nr espectt hereof;
 (d)f
rom t
imetot
imetodeterminethecontr
ibut
iontobemadeorr emai
ningtobemadeby
themembersorpastmembersorbyt heest
atesornomi nees,hei
rsorl
egalr
epresent
ati
vesof
deceasedmembersorbyanyoff
icertotheasset
soft hesociety,
suchcont
ri
buti
onincl
uding
debtsduefr
om suchmembersorpersons;

(e)toinst
itut
eanddef
endsui
tsandot
herl
egal
proceedi
ngsonbehal
foft
hesoci
etyi
nthe
nameofhisoff
ice;

(
f)toissuerequi
sit
ionsundersecti
on59upontheCollectorf
ortherecov
eryasarr
ear
sof
l
andrevenueofanysum or deredbyhi
mt ober
ecoveredasduesf rom members,orasa
cont
ri
buti
ontotheassetsoft hesoci
etyort
othecostofli
quidati
on;

(
g)t
ogetdi
sput
esr
efer
redt
oar
bit
rat
ion;

(
h)toinvest
igat
eallcl
aimsagainstt
hesociet
yandsubjectt
otheprovisi
onsoft hi
sActas
todecidequesti
onsofprior
it
yari
singoutofsuchcl
aims,andtopayrat
eablyaccordingtothe
amountofsuchdebt s,t
hesurpl
usifanybeingappl
iedi
npaymentofinter
est[139][
orretur
n]
from t
hedateofliqui
dati
onataratetobefixedbyt
heRegistr
arandnotexceedingthecontract
rate;

(
i)todet
ermi
nebywhatper
sonsandi
nwhatpr
opor
ti
ont
hecostoft
hel
i
qui
dat
ionshal
l
beborne;

(
j)togi
vesuchdir
ect
ionsi
nregar
dtothecoll
ecti
onanddist
ri
butionoftheassetsoft
he
soci
etyasmayappeart
ohi
mt obenecessar
yforwindi
nguptheaffai
rsofthesociet
y;

(k)t
ofi
xthet
imeortimeswit
hinwhichcr
edi
torsshal
lpr
ovethei
rdebt
sandcl
aimsorbe
i
ncl
udedf
ort
hebenef
itofanydi
str
ibut
ionmadebeforet
hosedebt
sorclai
msarepr
oved;

(
l)tocar
ryont
hebusi
nessoft
hesoci
etysof
arasmaybenecessar
yfort
hebenef
ici
al
wi
ndi
ngupoft
hesame:
 Pr
ovi
dedthatnol
iqui
dat
orshalldet
erminethecontr
ibut
ion,
debtorduestoberecover
ed
fr
om apastmemberortherepr
esentat
iveofadeceasedmemberunl essoppor
tuni
tyhasbeen
gi
ventosuchpastmemberortosuchrepresentat
ivet
oanswert hecl
aim:

[140]
[Provi
dedf ur
therthatal
ldebt
sduet o[141][
Government]shallhaveprior
it
yoverall
debtswhi charenotsecuredbyamor tgage,char
georl i
enonthepr opertyofthesoci
etyorany
partther
eofbutnot hi
ngher ei
ncontai
nedshallaff
ecttheprov
isionsofsect i
ons137and138of
the[142]
[Sind]LandRev enueCode,1879[143][
144][
,oranyotherlawrelati
ngt ol
andrevenuei
n
for
cei nthearea].

50-A.PowerofRegi strartoassessdamageagai nstdelinquentpr omot er

s,etc.
–[ 145][(1)
Wher e,inthecour seofwi ndingupofasoci ety,i
tappear st hatanyper sonwhohast akenpar ti
n
theor ganizationormanagementoft hesocietyoranypastorpr esentChai rman,Secr etary,
memberofmanagi ngcommi tteeoranyof fi
ceroft hesoci etyhasmi sappliedorr etainedor
becomel i
abl eoraccount ableforanymoneyorpr opertyoft hesoci etyorhasbeengui l
tyof
misfeasanceorbr eachoft rustinr el
ationtot hesoci etyor,wher ethesoci etyisact ingunder
subsect i
on( 4)ofsect ion34asagentoft hef i
nancingbank, hasmadeanypay mentcont raryt o
theinstructionsoft hef i
nanci ngbank, t
heRegi st
r armayhi msel foront herecommendat ionof
theliquidat
or s,auditor,enquiryof fi
cerincaseofv i
olati
onofsect ion44- Doranyoft hecr editor
orcont ri
butor yofsuchsoci ety,exami neintotheconductofsuchper sonandmakeanor der
requiri
nghi mt orepayorr estoret hemoneyorpr oper t
yoranypar tther eofrespect i
velywi t
h
i
nterestatsuchr at east heRegi strarthinksjust,
ort ocont ributesuchsum t otheasset soft he
societyoroft hefinancingbankbywayofcompensat i
oni nr egardt ot hemi sapplication,
retai
nermi sf easanceorbr eachoft r
ustast heRegi strarthinksj ust.]

(2)Thissect
ionshall
appl
ynot
wit
hst
andi
ngt
hatt
heacti
sonef
orwhi
cht
heof
fendermay
becri
minal
lyr
esponsi
ble.

51. Barofsui ti
nwindingupanddi ssolut
ionmatters.
–Sav einsof arasisexpresslyprovi
ded
i
nt hi
sActnoci vi
lcourtshalltakecognizanceofanymat ter[146][ari
singoutofanypr oceedi
ngs
underChapterVIII
-Aor]connect edwiththewindi
ngupordi ssoluti
onofasoci et
yunderthisAct
andwhenawi ndi
ngupor derhasbeenmadenosui torotherlegal pr
oceedingshalll
ieorbe
proceededwithagainstthesoci et
yexceptbyleaveoft heRegi st
rarandsubj ecttosuchterms
ashemayi mpose.
52. Di sposal ofsur
plusasset s.
–Af teral
l theli
abi
li
ti
esincludi
ngthepaid-upsharecapital
ofa
cancell
edsoci etyhavebeenmet ,thesurplusassetsshallnotbedivi
dedamongsti tsmember s
buttheyshal lbedevotedt oanyobj ectorobj ect
sdescri
bedi nt
heby -
lawsofthesocietyand
whennoobj ectissodescr ibedtoanyobj ectofpubli
cutili
tydeter
minedbyt hegeneralmeeting
ofthesoci et
yandappr ovedbyt heRegistrarortheymayi nconsult
ati
onwi tht
hem eitherbe
assignedbyt heRegistrarinwhol eorinpar ttoanyorallofthefol
lowing:
-

(
a)anobj
ectofpubl
i
cut
il
it
yofl
ocal
orcommunal
int
erest
,

(
b)achar
it
abl
epur
poseasdef
inedi
nsect
ion2oft
heChar
it
abl
eEndowment
sAct
,
1890[
147]
.

(c)t he[148][
[149]
[***]Pr
ovincial
Co-operati
veInst
itute]
,ormaybeplacedondeposi
t
with[150]
[theProvi
ncialCo-
operati
veBank]unti
l suchti
measanewsoci et
ywi t
hsi
milar
conditi
onsisregist
eredwhenwitht heconsentoftheregistr
arsuchsur
plusmaybecredit
edto
thereserv
ef undofsuchnewsoci ety.

53. Sur plusasset sofhousi ngsoci ety.–Wher ethesoci et

ydi rectedt obewoundupi sa
housingsoci ety
, i
tsasset s,bot hmov ableandi mmov able,shal lf
ort hepur posesofwi ndi
ngup
ordissoluti
onoft hesoci et yjointl
yv est,subj ecttoal lri
ghtsandequi ti
es, inthreepersonsof
whom oneshal lbenomi nat edbyt heRegi strar,oneshal lbenomi nat edbyt hesai dsociet
yina
generalmeet ingspeci fi
cal lycal l
edfort hepur poseandoneshal lbenomi natedbyt he
[
151] [
[152][***]Pr ovi
nci al Co-operat i
v eInstitute].Suchper sonsshal l,forthepur poseof
windingupordi ssoluti
onoft hesoci etybeJoi ntLiquidator
sandshal lhav eal lthepower sofa
l
iquidatorundert hisAct .Theymay ,
wi tht hesanct i
onoft heRegi st r
ar ,continuet hewor ki
ngof
thesociety,ormay ,subjectt ohissanct i
onandi nconsultationwi tht hemember softhesociet
y
i
nagener al meeting,reconst ructthesoci etyormaysel l
offt hepr emi sesoft hesocietytothe
bestadv antageofal linter estsconcer ned, andwhenal lt
hel iabi
li
tiesoft hesoci etyaremet ,
may
disposeoft hesur plusasset softhesoci ety,ifany ,asprovidedi nsect i
on52.

54. Ar bi
tr
ati
on.–[153]
[I
fanydisput
etouchi
ngthebusinessofasociety(ot
herthanadi
sput
e
regardi
ngdisci
pli
naryact
iontakenbythesoci
etyori
tscommi t
teeagainstapaidserv
antoft
he
society
)ari
ses–
 (a)betweenmember
sorpastmember
soft
hesoci
etyorper
sonscl
aimi
ngt
hrougha
memberorpastmember
,or

(b)betweenmember sorpastmember
sorper
sonssocl
aimi
ngandanypastorpr
esent
of
fi
cer
,agentorser
vantoft
hesociety
,or

(
c)bet
weent
hesoci
etyori
tscommi
tt
ee,
andanypastorpr
esentmemberoft
hesoci
ety
,
or

(d)betweenthesoci
etyorit
scommittee,
andanypastorpresentoff
icer
,agentor
ser
vantofthesoci
ety,
orasuretyofsuchof
fi
cer,agentorser
vant
,whethersuchsuret
yisori
s
notamemberoft hesoci
ety
,[154]
[or]

[
155]
[(
e)betweenaf
inanci
ngbankauthor
isedundersub-
sect
ion(
1)ofsect
ion34anda
per
sonwhoisnotamemberofasociet
y],
[156][
or]

[
157]
[(
f)bet
weent
wosoci
eti
es,
]

i
tshall
berefer
redtot
heRegistr
arf
ordeci
sionbyhimselforhi
snominee,ori
fei
therofthe
par
ti
essodesires,
toar
bit
rati
onoft
hreear
bitr
atorswhoshallbet
heRegistr
arorhisnominee
andtwopersonsofwhom oneshal
lbenominatedbyeachofthepar
ti
esconcerned.]

Adisput
eshalli
nclude[158]
[t
hequesti
onwhetheraper
sonisorwasamemberofasoci ety
andalso]cl
aimsbyasoci etyf
ordebtsordemandsduetoi
tfr
om [159]
[amember,
pastmember
ornon-member]ortheheirsorasset
sofapastmember[160]
[ornon-
member]whethersuch
debtsordemandsbeadmi t
tedornot:

Provi
dedthatifthequesti
onati
ssuebetweenasocietyandaclai
mant,orbetweendi
ff
erent
cl
aimant s,
isoneinvolvi
ngcompli
catedquest
ionsoflawandfact
,theRegi
strarmay,i
fhethi
nks
fi
t,suspendproceeding,i
nthematt
erunti
lthequest
ionhasbeentri
edbyar egul
arsui
t
i
nstit
utedbyoneoft heparti
esorbythesoci
ety
.Ifnosuchsuiti
sinsti
tut
edwit
hinsixmont
hsof
theRegist
rar
’sordersuspendingpr
oceedi
ngs,t
heRegist
rarshal
ltakeacti
onaslai
ddownin
paragr
aph1oft hissect
ion.

[161][
54-A.Regist
rar’
spowertosetasidetheawardandorderthedisputetoberef
erredbackto
arbit
rati
on.–[162][
(1)I
nthecaseofanyawar dmadebyt hearbi
tr
atorsundersecti
on54, t
he
Registr
ar,i
fhei snotoneofsucharbit
rator
s,mayofhisownmot ionoront heappl
icati
onofany
ofthepar t
iestotheaward,byanorderinwrit
ingr
ecordi
ngreasonstherefore,
–

(
a)modi fyorcorr
ecttheawar d(
i)wher
eitappear sthatapar toftheawar disupona
matternotr ef
err
edtoarbit
rat
ionandsuchpartcanbesepar atedf r
om t heotherpartanddoes
notaffectthedecisi
ononthemat terr
efer
red;
or(i
i)Wher etheawar disi mperfecti
nform or
contai
nsanyobv iouserr
orwhichcanbeamendedwi thoutaff
ectingsuchdeci sion;or(i
i
i)where
theawar dcontai
nsacleri
calmistakeoranerr
orarisi
ngf r
om anacci dentalsli
poromi ssion;
or

(b)remitt
heawar
doranymat
terr
efer
redt
oar
bit
rat
iont
othear
bit
rat
orsf
or
r
econsi
derat
ion–

(i
)wher etheawardhaslef
tundeterminedanyofthemat t
ersref
err
edt
o
ar
bit
rati
onorwherei
tdeter
minesanymatternotreferr
edtoarbi
tr
ationandsuchmatt
ercannot
beseparat
edwit
houtaff
ecti
ngthedet
erminati
onoft hematt
ersreferr
ed,or

(
ii
) wher
etheawar
dissoi
ndef
ini
teast
obei
ncapabl
eofexecut
ion,
or

(c)setasi
detheawar
dandordert
hatt
hedi
sput
eshal
lber
efer
redt
oar
bit
rat
ioni
nthe
mannerprov
idedi
nthesai
dsect
ion:

Provi
dedt
hatnoor derr
eferr
edtoinclauses(
a)t
o(c)shal
lbemadeaf
tert
hei
ssueofa
cer
ti
fi
cat
eundersect
ion59f ortheexecut
ionoft
heaward:

Pr
ovi
dedf
urt
hert
hatnoor
derundercl
ause(
c)shal
lbemadeunl
esst
heRegi
str
ari
sof
opi
niont
hat
–

(
i)anobj
ect
iont
othel
egal
i
tyoft
heawar
disappar
entont
hef
aceofi
t,or

(
ii)theawardhasbeenv
iti
atedi
nconsequenceofcor
rupt
ionormi
sconductont
hepar
tof
t
hearbit
rat
ors,
or

(
ii
i)t
heawar
disi
nanywayper
ver
se.
]

(2)Inmaki
nganor derunder[
163]
[cl
ause(c)of
]sub-
secti
on(1),theRegi
str
armaydir
ect
thatal
loranyoft
hearbitr
atorswhomadet heawar
dshallnotactagainasar
bit
rat
orsf
or
decidi
ngthedi
spute.

(
3)Wher eadi sput
eisref
erredbackt
oar bi
tr
ati
onunder[164][
clause( c)of]sub-
section(1),
thearbi
trat
orsshal lmakeafreshawardwithi
nsuchti
measmaybef ixedbyt heRegistrar.I
fthe
arbi
tr
atorsfailt
omakeaf r
eshawar dwit
hintheti
mesofixed,theRegistrarorhisnomi neeshall
deci
det hedispute.]

55. Attachmentbeforeaward.–Whereadisputehasbeenreferredt otheRegi

strarunder
sect
ion54ort oarbit
rat
ionundercl
ause(g)ofsect
ion50,theRegi str
arorhisnomi neeort
he
arbi
tr
ators,asthecasemaybe, i
fsati
sfi
edoninqui
ryorotherwise, t
hatapartytosuch
arbi
tr
ati
onwi thint
enttodel
ayorobstructt
heexecuti
onofanyawar dt hatmaybemade, –

(
a)i
saboutt
odi
sposeoft
hewhol
eoranypar
tofhi
spr
oper
ty,
or

(
b)isaboutt
oremov
ethewhol
eoranypar
tofhi
spr
oper
tyf
rom t
hej
uri
sdi
cti
onoft
he
Regi
str
ar,

mayunlessadequat
esecur
it
yisf
urni
sheddi
rectt
hecondi
ti
onal
att
achmentofthesaidpr
oper
ty;
andsuchatt
achmentshal
lhavet
hesameeff
ectasifmadebyacompetentCi
vi
l Cour
t.
56. Appealagainstawar
dofar bit
rat
or.–Anypar t
yaggri
ev edbyanydecisi
onoftheRegist
rar
’s
nomineemadeundersect i
on54[ 165][
orsub-secti
on(3)ofsecti
on54-A]oranorderpassed
undersect
ion55byt heRegistr
ar’
snomi neeorarbit
rat
orsmaywi thi
nonemonthoft hedateof
theawardororderappealt
ot heRegist
rarandt heRegi
strarshal
ldeci
detheappeal[166]
[***]
.

[167][
57.Fi
nali
tyofawardsi
ncertainorders.
–Theawar dofar
bit
ratorsoradeci
sionbythe
Registr
arorhisnomineeundersecti
on54orsect ion54-Aoranorderpassedinappealbythe
Registr
arundersect
ion56shall
,subjecttotheprovi
sionsofsect
ions64and64- A,befi
nal
and
conclusi
veandshallnotbeli
abl
et obecalledinquesti
oninanycivi
l orr
evenuecourt
.]

58. Power stoenforceattendance.–Wher everinthisActitisprovi

dedthattheRegi str
aror
persondulyauthori
zedbygener alorspeci alorderinwrit
ingbyt heRegist
rarinthi
sbehal fshall
holdaninquir
yundersect i
on43orshal l
makeani nspecti
onundersect i
on44orshal lwindupa
societ
yorshallarbit
rat
e,suchRegi str
ar,orper sonauthorized,asthecasemaybe, shallhave
thepowertosummonandenf or
cet heattendanceofwi t
nessesi ncl
udi
ngt hepart
iesinterest
ed
oranyofthem andt ocompel them togiveev i
dence,andt ocompel theproducti
onof
documentsbyt hesamemeansandasf araspossi bl
eint hesamemannerasi sprov i
dedi nt
he
caseofaci v
ilcourtbytheCodeofCi vi
lProcedur e,1908[168].

59. Moneyhowr ecovered.–(1)[169][

Everyorderpassedbyal i
quidatorundersecti
on50, or
byt heRegistr
arundersect i
on50- A,orbytheRegistrarorhi
snomi neeorarbitr
ator
sondi sputes
referredtohim ort
hem undercl ause(g)ofsection50orundersect ion54orundersub- sect
ion
(3)ofsect i
on54-A,everyorderpassedi nappeal,undersect
ion56, ever
yorderpassedbyt he
[170][Secr
etaryCooperati
ves]i
nappeal agai
nstordersundersecti
ons50, 50-A,54orsub-
sect i
on(3)ofsecti
on54- Aandev er
yorderpassedundersect i
on64- Ashall
,ifnotcar
riedout,
[171][***]:

[172][
(a)onacertif
icat
esignedbytheRegi
str
aroral
i
qui
dat
or,
bedeemedtobeadecr
eeof
aCi
vilCourtandshal
lbeexecutedint
hesamemannerasadecr
eeofsuchcour
t;or
]

[173]
[(
b)beexecutedaccor
dingtothelawfortheti
mebeinginforcef
ort herecover
yof
ar
rearsoflandrev
enue;pr
ovi
dedthatanyappli
cati
onforrecov
eryoftheamountinsucha
mannershallbemadetotheColl
ectorandshal
lbeaccompaniedbyacer t
if
icatesignedbyt
he
Regi
str
arorbyanof
fi
cersubor
dinat
etot
heRegi
str
art
owhom t
hesai
dpowerhasbeen
del
egat
edbytheRegi
str
ar.
]

[
174][(
2)Power sofRegi strartorecovercert
ainsumsbyat tachmentandsal eofproperty.
–
TheRegistraroranyper sonsubor dinat
etohim empower edbyt heRegistrarinthisbehalfmay,
subj
ecttosuchr ulesasmaybepr escri
bedbyt he[175][
Gov ernment]andwi thoutprej
udiceto
anyothermodeofr ecoverypr ovi
dedbyorundert hisAct,recoverbyexer cisingpowersoft he
Coll
ectorunderthe[ 176][
Sind]LandRev enueCode, 1879[177],[178]
[orther elev
antprovisi
ons
ofanyotherlawr elati
ngtol andrevenueinforceinthearea],andt heRulest hereunder–

(a)anyamountdueunderadecr
eeoror
derofaCi
vil
Court,adeci
sionoranawar
dof
t
heRegi
str
ar,
obtai
nedbyaregi
ster
edsoci
etyi
ncl
udi
ngafi
nancingbankorl
iquidat
or;
or

(
b)anysum awar
dedbywayofcost
sundersect
ions44-
Band45;
or

(
c)damagesassessedi
nsect
ions22-
Aand50-
A;or

(
d)penal
typr
ovi
dedf
ori
nsect
ions61and62;
or

(
e)sumsduet o[179]
[Gover
nment]undersect
ion65,t
oget
herwit
htheint
erest,
[
180][
orretur
n],
ifany
,dueonsuchamountorsum andt hecostofpr
ocess,
bytheattachment
andsaleorbythesal
ewithoutatt
achmentofproper
tyoftheper
sonagai
nstwhom suchdecree,
deci
sion,
awardororderhasbeenobtai
nedorpassed.

(3)Regi strarorpersonempower edbyhimtobeaCi vilCourtforcer

tai
npur poses.
–The
Registraroranyper sonempower edbyhimi nt
hatbehal
fshal l
bedeemedwhenexer ci
singany
power sundert hisActfort
herecoveryofanyamountbyt heattachmentandsal eorbythesale
withoutattachmentofanypr operty
,orwhenpassinganyor dersonanyapplicati
onmadet ohi
m
forsuchr ecoveryortotakesomest ep-i
n-ai
dofsuchrecoverytobeaCi vi
lCourtforthe
purposesofAr ticle182oftheFir
stScheduletotheLi
mitati
onAct ,1908[
181].]
 [182][
(4) The[183][
Secretar
yCooper at
ives]ortheRegi
str
armay,
onanapplicati
on,di
rect
thatanor deroraward,passedunderthisAct,shall
beexecutedi
naccor
dancewi t
hthe
provisi
onsoft heCivi
lProcedureCode,1908( ActVof1908)oranyot
herlawfortheti
mebei ng
i
nf orce.

(
5)TheRegi st
raroranyotherof
ficersubordi
nat
et ohi
m, dul
yauthor
izedbythe
Governmentt
oexecutetheordersortheawar ds,
shall
bedeemedt obeacivi
lcour
tandshal
l
havethepowersvest
edinanexecutingcourtundertheCiv
ilProcedur
eCode1908( ActVof
1908).
]

[184][
59-A.Transf erofpropertywhichcannotbesol d.
–( 1)Wheni nexecut i
onofanor der
soughtt obeexecut edundersection59, anyproper tycannotbesol df orwantofbuyers,ifsuch
propertyisintheoccupancyoft hedef ault
erorofsomeper sononhi sbehal
forofsomeper son
clai
mingunderat i
tl
ecr eat
edbyt hedef ault
ersubsequent lytotheissueofthecerti
fi
cateoft he
Registr
ar,LiquidatororAssistantRegistrarundercl ause( a)or(b)ofsub-secti
on(1),t
heCour t
ortheCol l
ector,ast hecasemaybemay ,wit
ht hepr evi
ousconsentoft heRegist
rar
,directthat
thesaidpr opertyoranypor ti
onthereofshal lbetransferredt othesocietywhichhasappliedf or
theexecut i
onoft hesai dorderandt hatthesaidpr opertyort heporti
onshallbedeli
veredt othe
societ
yi nthepr escribedmanner.

(2)Subjecttosuchr ul
esasmaybemadei nthi
sbehalfandtoanyr i
ght
,encumbrances,
chargesorequit
ieslawfull
ysubsist
inginfavourofanyotherper
son,suchproper
tyorporti
on
ther
eofshallbeheldbythesaidsoci et
yonsucht er
msandcondi ti
onsasmaybeagr eedupon
betweentheCour tort
heCol l
ector,
ast hecasemaybe, andthesai
dsociety
:

Provi
dedt hatanypri
vat
etransf
erordeli
veryoforencumbranceorchargeontheproper
ty
madeorcr eat
edaftert
heissueofthecert
if
icat
eoftheRegist
rar,Li
qui
datororAssist
ant
Registr
ar,asthecasemaybe, undersect
ion59shallbenul
landv oi
dasagainstthesaid
societ
y].

[
185]
[CHAPTERVI
II
-A

DI
STRAI
NT
59-B.Defi
nit
ions.
–Int
hisChapt
er,
unl
esst
her
eisany
thi
ngr
epugnanti
nthesubj
ector
context
–

(a)“Col
lect
or”i
ncl
udesanoffi
cerappoi
ntedbyt
he[
186]
[Gov
ernment
]todi
schar
geany
oft
hef
unct
ionsoftheCol
lect
orundert
hisChapter
;

(b) “
def
ault
er”meansaperson(
incl
udi
nghi
slegalr
epr
esent
ati
vesi
fhei
sdead)fr
om
whom anysuchdebtorout
standi
ngdemandasisr
efer
redtoi
nsect
ion59-
Cisr
ecover
abl
e;

(
c)wor dsandexpressi
onsusedhereinandnother ei
nbeforedefi
nedshal
lhav
ethe
meani
ngsrespecti
vel
yassi
gnedtothem bythe[187][
Sind]LandRev enueCode,
1879[
188]
[
189]
[oranyotherl
awrel
ati
ngtolandrev
enuei nforcei
nt hearea].

59-C.Casesi nwhichappl i
cati
onf ordist
raintmaybemade. –Wher eanydebtoroutstanding
demandi sduet oasocietyfr
om anymemberorpastmemberori sduetoasocietywhi chis
authorisedbyt heRegi
strarundersub-section(1)ofsection34t omakeloantonon-member s,
from anyper sonwhoisnotamemberofasoci ety,t
hesoci etymay,i
nadditi
ontoanyot her
remedyt owhi chiti
sentitl
edbyl aw,presentanapplicati
ont otheRegist
rarr
equesti
nghi mt o
recoverthedebtorout standi
ngdemandbydi str
aini
ng,whileinthepossessi
onofthedef ault
er
anycr oporot herpr
oducebel ongingtohim, whetherthesamei sgrowingorisungatheredor
hasbeenr eapedorgathered.

59-D.Form ofappl
i
cat
ion.
–(1)Ev
eryappl
i
cat
ionundert
hel
astf
oregoi
ngsect
ionshal
l
speci
fy–

(
a)par
ti
cul
arsoft
hel
andonwhi
cht
hecr
oporpr
oducei
sorhasbeengr
own;

(
b)t
henameoft
hedef
aul
ter
;

(
c)adet
ail
edaccountoft
hedebt
sandout
standi
ngdemandsduet
othesoci
ety
;
 (
d)t
henat
ureandappr
oxi
mat
eval
ueoft
hecr
oporpr
oducet
obedi
str
ained;

(e)ift
hecropofproduceisgr
owi
ngori
sungat
her
ed,
thet
imeatwhi
chi
tisl
i
kel
ytobe
f
itt
obereapedorgat
hered;and

(
f)ifthecroporpr
oducehasbeenreapedorgat
her
ed,
thepl
acewher
eiti
skeptorsuch
ot
herpart
icul
arsasmaysuffi
cefori
tsi
denti
fi
cati
on.

(2)Theapplicat
ionshal
lbesi
gnedandv
erif
iedint
hemannerpr
escr
ibedbyt
heCodeof
Ci
vi
lProcedur
e,1908,f
orthesi
gni
ngandver
if
icati
onofpl
aint
s.

59-E.Procedur
eonr ecei
ptofappli
cati
on.
–( 1)Asociet
yshallatt
heti
meofmakingan
appli
cat
ionundersecti
on59-C,f
il
ebeforetheRegist
rarsuchdocumentar
yevi
dence,
ifany,
asi
t
mayconsidernecessar
yforthepurposeofprovi
ngthestatementsmadeint
heappli
cati
on.

(
2)TheRegi
str
armay
,af
tert
aki
ngsuchev
idenceashet
hinksf
it
,admi
ttheappl
i
cat
ionor
r
ejecti
t:

Pr
ovidedthatt
hepersonagai
nstwhom t
heappl
i
cat
ioni
smadeshal
lbegi
venar
easonabl
e
oppor
tunityofbei
ngheard.

(3)Wher etheRegi
str
ardoesnotatonceadmitorrej
ectt
heappl
i
cati
on,hemaymakean
orderprohibi
tingremov
alofthecroporot
herproducespeci
fi
edi
ntheappl
icat
ion,
pendi
nga
fi
nal deci
sionontheappli
cat
ion.

(
4)Wher eanor
derfordist
rai
ninganycroporproduceismadeunderthi
ssectiona
considerableti
mebeforethecroporproducei
slikel
ytobefitt
obereapedorgathered,
the
Registr
armaysuspendt heexecuti
onoft heor
derforsuchti
meashet hi
nksfi
tandmaymakea
fur
theror derpr
ohi
bit
ingtheremovalofsuchcroporproducependi
ngtheexecut
ionoftheorder
ofdistr
aint.
 (5)Anorderundersub-
sect
ion(3)orsub-
sect
ion(
4)shal
lbeser
vedandpubl
i
shedi
nsuch
mannerasmaybeprescri
bedbyrul
es.

(
6)Anyper sonwhoshal l
disobeyanyordermadeundersub- secti
on(4)prohibit
ingthe
remov alofanycr oporpr oducependi ngtheexecut
ionoft heorderofdistr
aint,aft
erthesame
hasbeenpubl ishedorser v eduponhi m,orwhoshall,
wi t
hinthemeani ngoft he[190][
Pakist
an]
Penal Code,abett hedisobedienceofanysuchor der,shal
l beli
able,onconvicti
onaftera
summar yenquirybytheCol l
ector,
toaf i
nenotexceedingdoubl etheamountduet othesociet
y
fortherecoveryofwhi chi tisproposedtomaket hedistr
aint.Suchfineshallberecov er
edasan
arrearoflandrevenue.

59-F.Execut i
onofor derf
ordistr
aint.
–(1)Ift
heapplicat
ionisadmit
tedunderthelast
foregoingsect
ionandanor derfordistr
aini
nganycroporproduceismade,theRegistr
arshal
l
sendt otheCollectorf
orexecuti
onacopyoft heordertogetherwi
thsuchpart
icul
arsasmaybe
prescri
bedbyr ules.

(
2)Uponr eceiptofacopyoft heorderref
err
edtoinsub- secti
on( 1)t
heCol l
ectorshall
deputeanofficertodistrai
nthecr oporproducespecif
iedtherei
norsuchpor ti
onthereofasthe
Coll
ectorthi
nksf i
tandt heofficersodeputedshal
latoncepr oceedt otheplacewher ethecrop
orproduceisori skept,anddistrai
nthesamebyt akingchargeofi thimselforbyplacingiti
n
thechargeofsomeot herpersonappointedbyhimi nthisbehalf.Thedistr
aini
ngofficershal
l
publ
ishanot i
ficati
onoft hedistrai
nti
nthemannerpr escri
bedbyr ul
es.

(3)Anycroporproducewhi
chf
rom it
snaturedoesnotadmi
tofbei
ngstor
edshal
lnotbe
dist
rai
nedatanytimelesst
hant
wentydaysbeforet
heti
meatwhichiti
sli
kel
ytobefi
ttobe
reapedorgat
hered.

59-G.Servi
ceofnot
iceofdemandandthegroundsofdi
str
aint.
–(1)Thedi
str
aini
ngof
fi
cer
shall
,att
heti
meofmakingthedist
rai
ntser
veonthedefaul
ter–

(a)anoti
ceofdemandfortheamountdueandthecost
sincur
redi
nmaki
ngt
he
di
str
aint(
her
einaf
tercal
l
edthedemandamount);and
 (
b) ast
atementoft
hegr
oundsonwhi
cht
hedi
str
ainti
smade.

(2)Thenoti
ceofdemandandt
hest
atementshal
lbeser
vedi
nsuchmannerasmaybe
pr
escr
ibedbyr
ules.

59.H.Ri ghttoreap,etc.
,produce.–( 1)Subjecttosuchcondi ti
onsastheCol lectormayi mpose
i
nt hisbehalfeit
herintheorderofdi str
aintorinanysubsequentor der,
thedef aul t
ermayt end,
reap,gatherorstorethecroporpr oduceanddoanyot heractnecessaryformat uri
ngor
preservi
ngit;andifthedefault
erfailstodoal loranyofsuchact s,t
hedistrainingof f
icermay
appointaper sontodoalloranyoft hem, andthecostsincurredbythedistrainingofficerf
or
thispurposeshallberecoverablefrom thedef aul
terasiftheywereincl
udedi nt hecost sof
distr
aint.

(2)Thecroporproducer
eapedorgat
heredbydef
ault
ershall
remai
ninchar
geoft
he
di
str
aini
ngof
fi
cerorsomeotherper
sonappoint
edbyhi
mi nthi
sbehal
f.

59.
I.Saleprocl
amat i
ont obeissuedunlessdemandi ssati
sfied.–(1)Unlesst hedemand
amountisimmediatelypaid,
thedistr
aini
ngof fi
cershalli
ssueapr oclamationin[191][
thelocal
l
anguageofthearea]oftheintendedsalespeci f
yingtheparti
cularsofthepr opert
ydistr
ained
andthedemandamountf orwhichitisdist
rainedandshallfurthernoti
fythathewi l
l,
atapl ace
andonadayspecif i
ed,notbeinglessthanthreeormor ethansev enday sfrom thedateoft he
di
str
aint
,sell
thedistr
ainedpropertybypublicauction:

Pr
ovidedt
hatwhenthecroporot
herproducedist
rai
nedi
scapabl
eofbei
ngstor
edbuthas
notbeenstor
ed,t
hedayofthesal
eshall
besof ixedastoal
l
owofitsbei
ngst
oredbef
oret
he
sal
e.

(
2)Suchproclamat
ionshal
lbemadebybeatofdrum i
nthevil
l
ageinwhi
chthedi
str
ained
pr
opert
ywasseizedandacopyoftheprocl
amat
ionshal
lbeaffi
xedinsomepubl
icpl
acei
nt he
vi
l
lageandi
ntheMukhtiar
kar’
soff
ice.
59.
J. Pl
aceofsal
e.–Thesal
eshal
lbehel
d–

(
a)i
nthecaseofagr
owi
ngcr
oponorneart
hel
andonwhi
chsuchcr
ophasbeengr
own,
or

(
b)i
fthecr
oporpr
oducehasbeenr
eapedorgat
her
ed,
atorneart
hepl
acewher
eiti
s
kept
:

Provi
dedthatthedist
rainingoff
icermaydi
rectt
hesal
etobehel
datthenearestplaceof
publi
cresort
,ifheisofopinionthatthecr
oporproducei
sther
ebyl
i
kel
ytosellt
ogr eater
advantage.

59.
K.Pr ovi
sionsrel
ati
ngtogr
owingcrops.
–( 1)Wher
ethecropi
sgrowi
ngoneandfrom i
ts
nat
ureadmitsofbeingstor
ed,
thesal
eshallnotbehel
dunti
lthecr
opisr
eapedorgat
heredand
i
sreadyforstori
ng.

(2)Wher ethecropf r
om i
tsnaturedoesnotadmitofbei
ngstor
ed,itmaybesoldbeforei
tis
reapedorgathered,andthepurchasershal
lbeent
it
ledtoent
eronthelandbyhimselforbyany
otherpersonappointedbyhiminthisbehal
fandtodoallact
snecessaryfort
hepurposeof
tending,
reapi
ngorgat heri
ngthecrop.

59.L.Mannerofsal e.–Thedist
rai
nedpropert
yshallbesol
dbypublicauct
ioninoneormore
l
otsast heoff
icerholdi
ngthesalemaydetermine;andi
fthedemandamounti sreal
isedbyt
he
sal
eofapor ti
onoft heproper
ty,
theorderofdi
strai
ntshal
lnotbeexecut
edwithrespecttot
he
remainder.

59.M. Post ponementofsale.

–I f
,onthedistr
ainedproper
tybei
ngputupf orsale,afai
rprice,
i
nt heopinionoftheoffi
cerhol
dingthesale,i
snotofferedf
orit
,andift
heowneroft heproperty
orapersonaut hori
sedtoactonhi sbehal
fappli
estohav et
hesalepostponedt othenextday ,
thesal
eshal lbepostponedunti
lthatdateandshallt
henbecompl et
edwhat evermaybet he
pri
ceofferedforthepropert
y.
59.N.Paymentofpur chasemoney.–(1)Thepri
ceofeachlotshal
lbepai
dattheti
meofsale
orassoonthereaft
erastheoffi
cerhol
dingthesal
edir
ects,
andindefaul
tofsuchpaymentt
he
proper
tyshal
lfort
hwit
hber esol
d.

(2)Anydeficiencyofpri
cewhichmayhappenonar esal
ebyreasonofthepurchaser’
s
default
,andallexpensesatt
endingsuchresal
e,shal
lbecert
ifi
edtotheColl
ect
orbyt heoffi
cer
holdingthesal
e,andshall,
attheinst
anceofthesocietyort
hedefault
er,
berecov
er abl
efrom
thedefault
ingpurchaserasift
heywereanar r
earoflandrev
enue.

59.O.Cer t
if
icat
ebegi ventothepurchaser.
–Whenthepur
chasemoneyhasbeenpai
dinf
ull
theoff
icerholdi
ngt hesal
eshallgr
antar ecei
ptf
ort
hesameandthesal
eshal
lbecome
absol
uteasagai nstall
personswhomsoev er.

59.P. Proceedsofsal
ehowt obeapplied.–(1)Whenanypropert
yi ssoldundert
hisChapt
er
theproceedsofthesal
eshallbeappl
iedtodef r
ayi
ngthecostsofdistr
aintandsal
eandt ot
he
paymentoft heamountforwhicht
hedistrai
ntwasmadeandt hesur pl
us,ifany
,shal
lbepai
dto
thepersonwhosepropertyhasbeensold.

(
2)Thecost sofdi
strai
ntandsaleshal
lbeesti
matedatsuchratesasmay,f
rom t
imeto
ti
me,besancti
onedby[192][
Executi
veDist
ri
ctOff
icer(
Revenue)oranyot
herof
fi
cerauthor
ized
bytheGover
nmentinthisbehal
f].

59.
Q.Cer tai
npersonsmaynotpur chase.–Noof fi
cerorot
herper
sonhavi
nganydutyto
perf
orminconnectionwithanydistraintorsal
emadeundert hi
sChapt
erandnooffi
ceror
serv
antofanysocietyshall
,ei
therdirectl
yorindi
rect
ly,
acqui
reorat
tempttoacqui
reany
i
nteresti
nthepr
oper t
ysold.

59.R.Pr ocedur
ewheredemandispaidbef orethesale.
–( 1)Ifatanytimeaft
eradist
rai
nthas
beenmadeundert hisChapt
erandbeforet hesal eofthedistr
ainedpropert
y,t
hedefaul
teror
anyotherpersondeposit
switht
heCollectororwi ththedistr
ainingoff
icert
hedemandamount
toget
herwi t
hsuchcostsasmayhav ebeeni ncurr
edaf t
ertheser v
iceofthenot
iceofdemand,
theorderofdist
rai
ntshal
lnotbeexecuted.
 (2)Whent
hedi
str
aini
ngof
fi
cerr
ecei
vest
hedeposi
t,heshal
lfor
thwi
thr
emi
titt
othe
Col
l
ector
.

(3)Aftertheexpi
rati
onofonemonthfr
om thedat
eonwhicht
hedepositi
smadeundersub
-
secti
on(
1),theColl
ectorshal
lpayt
othesoci
etywhi
chappl
i
edfordi
str
aintt
heamountduetoi
t;

Provi
dedthat,i
fbeforetheexpiryofthesai
dperiodt
heCollect
orrecei
vesnoti
ceofanysuit
i
nwhichthelegal
it
yoft hedistr
aintor
derisquest
ionedorcompensationi
sclai
medforil
legal
di
str
aint
,heshall
withholdpaymentt othesoci
etyandshal
ldealwiththemoneyinaccor
dance
wi
thsuchdecree[193][
or]orderasmaybepassedi nthesuit
.

59.S. Distr
aintofproper
tywhi chi
sunderattachment .
–Wher eanorderofdist
rainti
ssued
underthi
sChapt erandanor dermadebyaCi vilCourtforatt
achmentorsalerel
atetot hesame
proper
ty,theorderofdist
raintshal
lpr
evail
;butifthepropert
yissoldundertheorderofdistr
aint
thesurpl
uspr oceedsofthesaleshall
notbepai dundersection59-Ptotheowneroft he
proper
tywi t
houtthesanctionofthecourtbywhi chtheorderofat
tachmentorsalewasmade.

59-T.Sui tforcompensationforwrongf
ul di
str
aintandappeal
s.–Noappeal shall
lieagai
nstan
ordermadebyt heRegi
strarortheColl
ectorunderthisChapt
er;butapersonwhosepr oper
tyis
dist
rainedonanappl i
cati
onmadeundersect i
on59- Cmayinsti
tuteasuitagainsttheappli
cant
forrecoveryofcompensat i
onifsuchanapplicati
onisnotcompet entundert
hatsect i
on.

59.U.Sav i
ngs.–Nothingcont ai
nedinthi
sChaptershal
laffectt
heoperati
onoftheprovi
sions
of[194][
thePunjabLandRev enueAct ,
1967(W.P.ActXVIIof1967)]i
nsof arast
heygive
pri
orit
ytoclai
msoft he[195][Government
]toanymoney srecoverabl
eundertheprov
isi
onsof
thatChapteroveranyotherdebt,demandorclai
m.]

[
196]
[CHAPTERI
X

OFFENCES]
60. Of
fences.
–Itshal
lbeanof
fenceundert
hisActi
f–

(
a)Def aultbyasociet
y,off
icerormember –asocietywithawor kingcapit
alofRs.50,
000
ormoreoranof fi
cerormembert hereoff
ail
swithoutanyreasonableexcuset ogiv
eanynotice,
sendanyr
eturnordocument ,dooral l
owtobedoneany thi
ngwhi chthesociety,of
fi
ceror
memberisbyt hi
sAct[197][
orrul
esmadet her
eunder]r
equiredtogive,send,doorall
owt obe
done;
or

(b)Wi lf
ulneglectordefaultbyasociet
y,etc.
–asociet
yoranof f
iceroramembert her
eof
wil
ful
lyneglect
sorr efusestodoanyactort ofurni
shanyinf
ormati
onrequiredfort
hepurposes
ofthi
sAct[198][orrul
esmadet hereunder
]bytheRegi
str
arorotherper
sondul yaut
hor
isedby
hi
mi nwrit
ingint hi
sbehalf;
or

(
c)Wilf
ulf
urni
shi
ngoffal
seinformati
on–asociet
yoranof
fi
cerormembert
her
eof
wi
l
ful
l
ymakesafal
seret
urnorf
urnishesfal
seinf
ormati
on;
or

(d)Di sobedi
enceofsummons, requi
sit
ion,ororder
–anypersonwi lf
ull
yorwi t
houtany
reasonabl eexcusedisobeysanysummons, r
equisi
ti
onorl awf
ulwrit
tenorderissuedundert
he
provisionsofthisAct[199]
[orrul
esmadet hereunder]ordoesnotfur
nishanyinformati
on
l
awf ullyrequi
redfrom hi
m byaper sonauthori
zedtodosoundert hepr ov
isi
onsoft hi
sAct
[
200] [orrul
esmadet hereunder][
201][
;or]

[
202]
[(e)Indul
gencei nfraudul
entact
ivi
ti
es–amemberofasoci etyindulgesinfr
audulent
orcorr
uptactivi
ti
esconcer ningthemanagementorbusinessoft
hesociety,orindul
gesinany
i
ll
egalorcorruptpract
ices,asdef i
nedint
he[203][
Punj
abLocalGovernmentAct ,2019(XI
IIof
2019)]
,i
ntheconductofel ecti
onsofthemanagingcommi tt
eeoft
hesoci et
y;or

(
f) Perf
ormingact
swi t
houtappr
oval
–anof f
icer
,anemploy
eeofasoci et
yoramember
ofthemanagingcommi t
teeofthesoci
etyperf
ormsanyactwi
thoutpr
iorapproval
ofthe
Registr
arorofthegener
albodyofthesoci
etywher
esuchpri
orapprov
al i
srequi
redbylaw;
or

(
g)Makingaf
alser
epor
torrefusi
ngtodoanact
–anoffi
ceroramemberoftheint
ernal
audi
tcommi
tt
eeofasoci
etyr
efusesornegl
ect
stodoanactwhichhei
srequi
redbyl
awt odo
ormakesaf
alser
epor
t;or

(
h)Violat
ionoft
hemasterpl
an–amemberofthemanagingcommitt
eeofacooperat
ive
housi
ngsoci
etycommitsanyv
iol
ati
onorbr
eachofanappr
ovedmasterpl
an[204]
[;or
]]

[205][
(i
)Fail
uretoprovi
deinf
ormat
ion-amember ,
employee,dir
ector,
off
icerorsecr
etar
y
ofthesocietydoesnotfurni
shi
nformat
ionundercl
auses(vi
i
i),
(ix)
,(x)and(xi
)ofsecti
on5,
secti
on20-A, 21-
A,ordoesnotcomplywit
hsubsect
ion(1)ofsecti
on49- Aorsecti
on34-Aof
thi
sAct .
]

[
206][61.Penal
tyf
oroff
encesnotother
wisepr ov
idedfor.
–( 1)Every[
207]
[*
*]off
icerormember
ofasociet
yorotherper
songuil
tyofanoffenceunderthisActforwhichnopenal
tyisexpr
essl
y
prov
idedinthi
sActshal
lbeli
abl
et oapenaltynotexceedingrupeesonemil
li
on.

[
208]
[(
1a) Everysoci
etygui
l
tyofanof
fenceundert
hisActforwhi
chnopenal
tyi
s
expr
essl
yprov
idedshal
lbeli
ablet
oapenalt
ynotexceedi
ngrupeestenmil
l
ion.
]

(
2) TheRegi st
raroraper
sondul
yauthori
zedbyhim shallbeempower
edt
oimposesuch
penal
tyaf
teraf
for
dinganopport
uni
tyofhear
ingtotheconcerned.]

[
209] [
61-
APenal t
yforoff
encesunderclause( i
)ofsection60.−Anymember,employee,direct
or,
off
icerorsecret
aryofthesoci
etyfoundguiltyunderclause(i
)ofsecti
on60shall
bepuni shable
withimpri
sonmentforat er
m whichmayext endtof i
vey ear
sorwithfi
neuptorupeestwo
mill
ionorwithboth,
andifanysocietyi
sf oundguilt
yunderclause(i
)ofsect
ion60,i
tshal l
be
l
iabletoafineuptoamaxi mum ofonef ourthofitswor ki
ngcapi
tal.
]

62. Prohi
bit
ionoftheuseoft heword“co-
operat
ive”.
–(1)Noper sonothert
hanar egi
stered
soci
etyshal
lwithoutthesancti
onof[210]
[t
he[211][
Government]
],tr
adeorcarryonbusiness
underanynameort it
leofwhichtheword“co-
operati
ve”ori
tsvernacul
arequival
entfor
mspar t:

Pr
ovi
dedt
hatnot
hingi
nthi
ssect
ionshal
lappl
ytot
heusebyanyper
sonorhi
ssuccessori
n
i
nter
estofanynameort
it
leunderwhi
chhet
radedorcar
ri
edonbusi
nessatt
hedat
eonwhi
ch
t
hisActcomesint
ooper
ati
on.

(
2)Whoev ercontravenestheprovisi
onsoft
hissect
ionshal
lbepuni
shablewit
hfinewhich
mayextendto[212]
[fi
ftythousand]r
upeesandinthecaseofaconti
nui
ngof f
encewithfur
ther
fi
neof[213]
[f
ivehundred]rupeesforeachdayonwhichtheoff
encei
scontinuedaft
er
convi
cti
onther
efor.

[
214][
62.A.Penal
ty.
–( 1)Whoevercont
ravenesthepr
ovi
sionsofsub-sect
ion(3)ofsect
ion44-
C
oranydi
recti
ongivenbytheRegistr
arundersecti
on44-
Dshal lbegui
lt
yofanof f
ence
puni
shablewit
himprisonmentofeit
herdescri
pti
onforaterm whichmayextendtosixmonths
orwit
hfineorwit
hbot h.

(2)Whoevercontravenesanorderpassedundersect
ion44-
Eshal
lbeguil
tyofanoff
ence
whi
chshal
lbepuni
shedwi t
himpri
sonmentf orater
m whi
chmayextendtothr
eeyearsbut
whi
chshal
lnotbelessthansixmonthsandshal l
alsobeli
abl
etobepuni
shedwithfi
ne]
.

[
215][63.Cognizanceofof
fences.–Nocourtshal
ltakecogni
zanceofanyoff
encepunishabl
e
underthisActexceptonacompl ai
nti
nwrit
ingmadebyt heRegist
rarorbyapersonduly
authori
sed,f
ort hepur
pose,byhim:

Pr
ov i
dedthatcogni
zanceofanof
fenceundersub-
sect
ion(
2)ofsect
ion62-
Amaybet
aken
ev
enotherwi
sethanonsuchcomplai
nt.]

[
216]
[CHAPTERX

APPEALSANDREVI
SIONS]

[
217][64.Appeal
s.–Anappealagainstanorderordeci
sionoforsancti
onedbytheRegistr
ar
undersect
ions10,16,
44-F,45,
47,50, 50-
A,54orsubsecti
on(3)ofsecti
on54-Aand61maybe
madebyanypar t
yaggriev
edoraffectedbytheorderordeci
siontotheSecret
aryCooperat
ives
wi
thi
ntwomont
hsoft
hedat
eoft
hecommuni
cat
ionoft
heor
der
:

prov
idedthatincaset
heSecret
aryCooper
ati
vei
snotavai
l
ableorheref
usest
ohearanappeal,
theChiefMini
stermayassi
gnsuchappealt
oanyot
herSecret
aryt
otheGover
nmentforhear
ing
anddisposal.
]

64.A.Powerof[ 218][Secret
aryCooper ati
ves]andt heRegi str
artocallf
orproceedingsof
subordinateoffi
cersandt opassor dersthereon.–[ 219][The[ 220]
[Secr
etaryCooper ati
ves]
]and
theRegistrarmaycal lforandexami nether ecordofanyi nquiryortheproceedingsofany
offi
cersubor di
natetot hem f
ort hepur poseofsat isf y
ingt hemselvesastothel egali
tyor
propri
etyofanydeci sionoror derpassedandast ot her egulari
tyoftheproceedingsofsuch
offi
cer.Ifi
nanycase, itshallappeart o[221][the[222] [
Secr et
aryCooperati
ves]]ortheRegistr
ar
thatanydeci si
onoror derorpr oceedingssocal ledf orshoul dbemodi fi
ed,annulledorrever
sed,
[223]
[the[224][
SecretaryCooper ati
v es]
]ortheRegi strar
, asthecasemaybe, maypasssuch
orderthereonast oitorhim mayseem f i
t.

[
225][64.
AA.Fi
nal
it
yofordersof[226]
[Secret
aryCooper
atives]
.–Anorderpassedinappeal
undersecti
on64orinr
evisi
onundersection64-Abythe[227][
Secr
etar
yCooper ati
ves]shal
lbe
fi
nalandconcl
usi
veandshallnotbeli
abletobecall
edinquest i
oni
nanycivilorrevenuecourt
.]

[
228]
[CHAPTERXI

MI
SCELLANEOUS]

65.Recover
yofsumsduetoGovernment.
–(1)Al
lsumsduef r
om asociet
yorf rom anof
ficeror
memberorpastmemberofasocietyassuchto[
229]
[Gover
nment ]
,mayber ecover
ed
accor
dingtothel
awandundert
her ul
esfort
heti
mebeinginforcefort
herecoveryofarr
earsof
l
andrevenue.

(2)Sumsduef r
om asocietyto[230]
[Government]andrecoverabl
eundersub-
secti
on(1)
mayberecover
ed,fi
rstl
yfrom t
hepropertyofthesociety
;secondly
, i
nthecaseofasociet
yof
whi
chtheli
abil
i
tyofthemember sislimit
ed,fr
om t hemember sorpastmemberssubjecttot
he
l
imi
tofthei
rli
abil
i
ty;and,t
hir
dly,i
nthecaseofot hersoci
eti
es,fr
om themember sorpast
member
s.

(
3)Thel
i
abi
l
ityofpastmember
sshal
li
nal
lcasesbysubj
ectt
othepr
ovi
sionsofsect
ion28.

[231]
[65.
A.(1)Amemberofasoci etymayexecuteanagreementinf
avouroft hesoci et
y
provi
dingthathisemploy
ershallbecompetenttodeducteverymont
hfrom thesal aryorwages
payabletohim bytheemployersuchamountnotexceedingtheamountprescribedbyr ul
es,
as
maybespeci fi
edintheappli
cati
onandpayt heamountsodeductedtothesoci etyin
sati
sfact
ionofanydebtorotherdemandowi ngbythemembert othesoci
et y
.

(
2)Ont heexecut
ionofsuchagr
eementt
heemployershal
l
,ifsorequir
edbythesoci
etyand
solongassuchdebtordemandoranypartofitr
emainsunpai
d,maket hededuct
ioni
n
accordancewit
htheagreementandpayt
heamountsodeductedtothesociety
.

(
3)Thepr ovi
sionsofthissecti
onshallalsoapplytoal
lsuchagreementsofthenature
referr
edtoinsub-sect
ion(1)aswer einfor
ceont hedat
eofthecommencementoft he
[232][
Sind]Co-
operati
veSocieti
es[233][
***]( SecondAmendment )Act
,1940,butnothi
ng
hereincontai
nedshallbedeemedt oauthori
set hededucti
on,underanysuchagreement,ofany
amounti nexcessofthatprescr
ibedbyther ules.

[
234][
(4)Nothi
ngcontai
nedinthi
ssect
ionshal
lappl
ytoper
sonsempl
oyedi
nmi
nesofnucl
ear
f
uels,
miner
aloi
lsandnatur
algas.
]

[
235][
65.B.Of
fi
cersofsoci
eti
est
obepubl
icservants.
–Ever
yoffi
cerofasoci
ety,
incl
udi
ngaCo-
oper
ativ
ebank,shal
lbedeemedtobeapubl
icservantwi
thi
nthemeaningofsect
ion21oft
he
Paki
stanPenalCode[
236]]

66. Powert oexemptsocieti

esf r
om condit
ionsastoregi
str
ati
on.
–Not wit
hstandi
nganyt
hing
containedi
nt hi
sAct,[
237][
the[238][
Government]
]may,byspeci
alorderi
neachcaseand
subjecttosuchcondit
ions,
ifany,asitmayimpose,exemptanysoci
etyfrom anyofthe
requir
ementsoft hi
sActastoregistr
ati
on.
67. Power stoexemptsoci et
iesfrom pr ovisi
onsofAct .
–[ 239][
The[ 240]
[Gover
nment ]]may,
by
generalorspecialordert
obepublishedi nt he[241][Off
icialGazette]
,exemptanysoci etyor
cl
assofsoci et
iesfrom anyofthepr ovisi
onsoft hi
sAct, ormaydi rectthatsuchprovi
sionsshal
l
applytosuchsocietyorclassofsoci et
ieswi thsuchmodi ficat
ionsasmaybespeci f
iedi nt
he
order;pr
ovidedthatnoordertothepr ejudiceofanysoci et yshallbepassedwi t
houtan
opportuni
tybeinggiventosuchsoci etytor epresentit
scase.

68. CompaniesActnottoapply
.–Thepr
ovisionsoft
he[242]
[***
]Compani
esActof
1913[
243]
,shall
notapplytosoci
eti
esr
egi
steredunderthi
sAct.

69. Br anches, etc.

,ofsoci et
iesoutsi
det heprovince.–Ev eryco-operativ
esoci etyregi
ster
ed
outsidet he[
244] [
Provinceoft hePunjab],whichhasorest abli
shesabr anchorpl aceof
businessi nthe[245][ProvinceofthePunj ab]shallwit
hinsi xmont hsfrom thecommencement
ofthisActorf rom theest abli
shmentofsuchbr anchorpl aceofbusi ness, f
ilewiththeRegist
rar
acer ti
fi
edcopyoft heby -
lawsandamendment sand,ifthesear enotwr it
tenint heEngli
sh
l
anguage, acertif
iedtranslati
oninEnglishthereof,andshal lsubmi tt
ot heRegist r
arsuch
ret
urnsandi nfor mati
onasar esubmi t
tedbysi milarsocietiesinthe[246][Provi
nceoft hePunjab]
i
naddi tiontothosesubmi ttedtotheRegistraroft heprovincewher eitisregist
er ed.

70. Not i
cenecessaryinsuits.–Nosuitshall
bei nst
it
utedagainstasocietyoranyofi t
s
offi
cersinrespectofanyActt ouchi
ngthebusinessofthesocietyunti
ltheexpir
ationoftwo
mont hsnextafternot
icei
nwr i
ti
nghasbeendel i
veredtotheRegistr
ar,orlef
tathisoffi
ce,
stati
ngthecauseofact i
on,thename, descr
ipti
onandpl aceofresi
denceoft heplaint
if
fandthe
rel
iefwhichhecl ai
ms;andthepl ai
ntshal
lcontai
nast atementthatsuchnot i
cehasbeenso
deli
veredorleft
.

[
247]
[70.A.BarofJuri
sdi
cti
on.
–(1)Notwi
thst
andi
nganythi
ngprov
idedi
nanyot
herl
awf
ort
he
t
imebeinginforce,
butsaveasexpr
essl
yprovi
dedint
hisAct–

(
a)noCour torotheraut
hori
tywhat soevershall
havejurisdicti
ont oenter
tai
n,orto
adjudicat
eupon, anymatterwhichthe[248][
SecretaryCooperat
ives],theRegistr
arorhis
nomi nee,anyarbi
trat
ororliqui
dat
or,asociet
y ,afi
nancingbank,aCo- operat
ivebankorany
otherpersonisempower edbyorundert hi
sAct ,ortherul
esorby -lawsf ramedthereunder
,to
di
sposeofort odetermi
ne;
 (b)t heval
idityofanythingdoneoranorderpassedbyt he[249][Secret
ary
Cooperati
v es],asociety,afi
nancingbank,aCo-operat
ivebank,
theRegi straroranyother
personreferredtoincl ause(a)
, undert
hisActortherul
esandby -l
awsf ramedt hereunder,
shal
l
notbecalledi nquestioninanymannerwhat ev
erbeforeorbyanyCour torot herauthori
ty
whatsoever ;
and

(c)noCour torot
herauthori
tywhat soev
ershal lbecompetentt
ograntanyi
njunct
ion
orpassanyot herorderinr
elat
iontoanypr oceedingsundert hi
sActoranyrul
esorby-
laws
fr
amedt hereunderbeforethe[
250][Secret
aryCooper at
ives],
asociet
y,afi
nanci
ngbank,aCo-
operat
ivebank,theRegistr
aroranyot herpersonreferr
edt oincl
ause(a)
.

(
2)Thepr ovisi
onsofsub- secti
on(1)shallbeappli
cabletopr oceedings,appealsand
rev
isi
onspendingadj udicati
onordisposal bef
oreorinanyCour torot herauthorit
ywhat soever
onthedatethattheCo- operati
veSocieti
es( Amendment )Ordi
nance, 1966,comesi ntoforce,
andanyorderpassedi nsuchpr oceedings,whetherbeforeorafterthecomi ngi nt
of orceofthe
sai
dOr di
nance,i
nr egardt omat t
ersref
erredtoinsub-secti
on(1), shal
lstandv acatedandbe
wit
houtanyforce.]

[251]
[70-
B. Assi
stancebylawenforcementagenci
es.
−Alll
awenforcementagenci
esi
ncludi
ng
poli
ceshall
beboundt opr
ovidenecessar
yassist
ancetoRegi
str
arorhisaut
hori
zedoff
icer
sto
executet
heorder
spassedunderthisAct.
]

71. Rules.–(1)[252]
[The[
253]
[Government]
]may,fort
hewholeoranypartoft
he
[
254][
Province]andforanysoci
etyorclassofsoci
eti
es,
makerulest
ocarryoutt
hepur
posesof
thi
sAct.

(
2)I
npar
ti
cul
arandwi
thoutpr
ejudi
cet
othegener
ali
tyoft
hef
oregoi
ngpowersuchr
ules
may
–

(
a)subj
ecttotheprov
isi
onsofsect
ion6,
prescr
ibet
hemaximum numberofshar
es
orpor
ti
onoft
hecapi
talofasoci
etywhi
chmaybehel dbyamember;
 (
b)prescri
bethefor
mst obeusedandthecondi
ti
onstobecompl
i
edwi
thinthe
makingofappl
i
cationsf
ortheregi
str
ati
onofasociet
yandthepr
ocedur
eint
hemat
terofsuch
appl
i
cati
ons;

(c)prescr
ibethematter
sinrespectofwhi
chasoci et
ymayorshal
lmakeby-
lawsand
thepr
oceduretobef ol
lowedi
nmaki ng,alt
eri
ngandabrogat
ingby-
lawsandt
hecondi
ti
onsto
besati
sfi
edpriortosuchmaking,al
ter
ationorabr
ogati
on;

(
d)pr
escr
ibethecondi
ti
onstobecompliedwithbypersonsapply
ingf
oradmissi
onor
admit
tedasmembersandprovi
defort
heelect
ionandadmi ssi
onofmember sandthepayment
tobemadeandthei
nter
eststobeacqui
redbefor
et heexer
ciseofther
ightofmembershi
p;

(
e)pr
ovi
def
orascer
tai
ningt
hev
alueofadeceasedmember
’sshar
eori
nter
est
;

(
f)provi
deforgener
almeeti
ngsofthemembersandf
ort
hepr
ocedur
eatsuch
meet
ingsandthepowerstobeexer
cisedbysuchmeet
ings;

(
g)pr
ov i
def ortheappoi
ntment,
suspensionandremoval
ofthemembersofthe
committ
eeandotherof f
icer
sandfortheprocedur
eatmeet i
ngsoft
hecommitt
eeandforthe
power
stobeexercisedandt hedut
iestobeperfor
medbyt hecommitt
eeandot
heroff
icer
s;

[
255]
[(
ga)]provi
de,
whereall
themembersofthecommit
teehavebeensuspendedor
remov
ed,f
ortheappoi
ntmentofapersont
oadmini
stert
heaf
fai
rsofthesoci
etyandfort
he
power
stobeexerci
sedandtheduti
estobeper
for
medbysuchperson;

(h)pr
escribetheaccount
sandt hebookstobekeptbyasocietyandprovi
deforthe
audi
tofsuchaccount s,
andthecharges,i
fany,
tobemadef orsuchaudit
,andfortheper
iodical
publ
icat
ionofabalancesheetshowingtheassetsandl
iabi
l
iti
esofasociety
;

(
i)pr
escr
ibetheret
urnst
obesubmi
tt
edbyasoci et
ytot
heRegi
str
arandpr
ovi
def
or
t
heper
sonsbywhom andtheformi
nwhi
chsuchret
urnsshall
besubmi
tt
ed;
 (j
)prov
idefort
heper
sonsbywhom andthefor
minwhi
chcopi
esofdocumentsor
entr
iesi
nbooksofsoci
eti
esmaybecer
ti
fi
ed,
andf ort
hechar
gest
obelev
iedf
orthesupplyof
suchcopi
es;

(k)prov
idef
ort
heformat
ionandmai
ntenanceofaregist
erofmember
s,andwher
e
t
hel
i
abi
l
ityofthemember
sisli
mit
edbyshar
es,ofaregi
sterofshar
es;

(
l)prescri
bethepay mentst
obemadeandthecondi
ti
onst
obecompli
edwi
thby
member
sappl
y i
ngforloans,andtheper
iodf
orwhi
chl
oansmaybemade,andt
heamount
whi
chmaybelenttoanindiv
idualmember;

[256]
[(
m)pr
escr
ibet
hecondi
ti
ons,
prohi
bit
ionsandr
est
ri
cti
onssubj
ectt
owhi
cha
soci
etymay–

(
i)t
ransactbusi
nesswi
thper
sonswhoar
enotmember
s;or

(
ii
)makel
oansagai
nstt
hesecur
it
yofmov
abl
epr
oper
ty;
]

(
n)pr ov
idef
ort
heformati
onandmai
ntenanceofreser
vefunds,andtheobj
ectst
o
whichsuchfundsmaybeappl
ied,
andfort
hei
nvestmentofanyfundsunderthecontr
olofa
societ
y;

(
o)pr
escr
ibet
heext
entt
owhi
chasoci
etymayl
i
mitt
henumberofi
tsmember
s;

(p)prescr
ibet
hecondi
ti
onsunderwhi
chprof
it
smaybedist
ri
but
edtothemember
s
ofasoci
etyandthemaxi
mum rat
eofdivi
dendwhichmaybepai
dbysoci
eti
es;

(
q)Pr
escr
ibet
hepr
ocedur
etobef
oll
owedi
npr
esent
inganddi
sposi
ngofappeal
s;
 (
r)prov
ideforsecuri
ngthatthesharecapi
talofanysocietyshal
lbevar
iabl
einsuch
awayasmaybenecessar ytosecur
et hatshar
esshal
l notappreci
ateinval
ueandthat
necessar
ycapit
alshal
lbeav ai
l
ableforthesoci
etyasrequired;

(
s)Provi
det
hatper
sonsquali
fi
edundert
heby
-l
awsofasoci
etyshal
lnotbe
excl
udedf
rom member
shi
pwithoutduecause;

(
t)pr
escr
ibet
hepr
ocedur
etobef
oll
owedbyal
i
qui
dat
orappoi
ntedundersect
ion47;

(u)pr
escribethemodeofappoi nt
inganarbi
tr
atororarbi
tr
ator
sandt hepr
ocedureto
befoll
owedinproceedingsbef
oretheRegist
rarorsucharbi
tr
atororarbi
tr
ator
sandforfi
xing
andlevyi
ngtheexpensesofdeter
mi ni
ngthedisput
e;

(
v)pr
ovi
def
ort
hei
ssueandser
viceofpr
ocessesandf
orpr
oofofser
vicet
her
eof
;

(
w)pr
ovi
def
ort
hewr
it
ingof
fofbaddebt
s;

(x)regulatethemanneri nwhichfundsmayber ai
sedbymeansofshar
esor
debentur
es[257][
,parti
cipati
onterm cer
ti
fi
cates,ter
mfinancecer
ti
fi
cat
es,mushar
ika
cert
if
icat
es,modar abacer t
if
icat
es,andsuchot heri
nst
rumentsasmaybeapprovedbyt
heSt
ate
BankofPakistan]
, orotherwise;

(y)provi
defort
hewithdr
awalandexpul
sionofmember
sandf
ort
hepay
ment
stobe
madet
othem andfort
heli
abi
l
iti
esofpastmembers;

(
z)prov
idefort
henominat
ionofaper
sont
owhom t
hei
nter
estofadeceased
membermaybepaidortr
ansf
err
ed;
 (aa)prescr
ibet
hecasesi
nwhi
chanappeal
shal
ll
ief
rom t
heor
derofal
i
qui
dat
or
appoi
ntedundersect
ion47;

(
bb)pr ov
idefort
heinspect
ionofdocument
sint
heRegi
str
ar’
sof
fi
ceandt
hel
evyof
f
eesf
orgrant
ingcert
if
iedcopi
esofthesame;

(
cc)prescr
ibet
hepr
ocedur
etobef
oll
owedf
ort
hecust
odyofpr
oper
tyat
tached
undersect
ion55;

[
258]
[(
cca)prescr
ibet
hemannerinwhi
chanorderundersub-
sect
ion(
3)orsub-
sect
ion(
4)
ofsecti
on59-Eoranoti
ceofdemandshal
lbeser
vedorpubli
shed;

(ccb)pr
escr
ibet
hepar
ti
cul
arst
obesuppl
i
edt
otheCol
l
ect
orundersub-
sect
ion(
1)of
sect
ion59-F;

(
ccc)prescr
ibethemanneri
nwhi
chanot
if
icat
ionofdi
str
aintshoul
dbepubl
i
shed
undersub-
sect
ion(2)ofsect
ion59-
F;]

(
dd)pr
ovi
deforthepay
mentofcontr
ibuti
onsatsuchratesandsubj
ecttosuch
condi
tionsasmayf
rom ti
met ot
imebeprescr
ibedbyco-oper
ati
vesociet
iest
oanypr ov
ident
fundwhichmaybeest
abli
shedfort
hebenefi
tofoffi
cer
sandser v
antsemployedbythem;
[259]
[***]

(ee)prescri
bet heperi
odandt ermsunderwhi chGov er
nmentaidmaybegiventoco-
oper
ati
vesocieti
esandt hetermsunderwhi ch[260][
the[261][
Government
]]mayguar
anteet
he
paymentof[262]
[thepri
ncipalofand]i
nterest[263]
[orr
eturn]on[264]
[i
nst
rument
srefer
redtoi
n
cl
ause(x)ofthi
ssub-section]i
ssuedbyr egi
steredsoci
eties;

[
265]
[(
ff)prescr
ibi
ngt hemanneri
nwhi
chanypropert
yshal
lbedel
i
veredt
o,andthe
t
ermsandcondit
ionssubjecttowhi
chsuchpr
oper
tyshall
beheldby,
asociet
yundersect
ion59
-
A[266]
[;
]
 [267][
(gg)
]Provi
dethatthecontr
aventi
onofanyrul
eororderi
ssuedther
eundershal
lbe
puni
shablewithfi
nenotexceedi
ngrupees[268]
[f
ivet
housands][
269]
[;and]

[
270]
[(
hh)pr
escr
ibet
heenv
ironment
alst
andar
dsandt
hest
andar
dsf
ort
heuseofl
and.
]

(3)[271][
The[ 272]
[Gov
ernment
]]may
,subj
ecttosuchcondit
ions,
ifany,
asitthi
nksfi
t,
delegat
ealloranyofi t
spowerst
omakerulesundert
hissect
iontoanyauthori
tyspeci
fi
edin
theorderofdelegati
on.

(4)Thepowert
omaker ul
esconf er
redbyt
hissect
ioni
ssubj
ectt
othecondi
ti
onoft
her
ules
bei
ngmadeaft
erprev
iouspubl
icat
ion.

[
273]
[(
5)************
]

[
274]
[72.Repeal
andsav
ings.
–(1)Thef
oll
owi
ngenact
ment
sar
eher
ebyr
epeal
ed:
-

(
a)t
heCo-
oper
ati
veSoci
eti
esAct
,1912;
and

(b)t
heBombayCo-
oper
ati
veSoci
eti
esAct
,1925[
275]
,asappl
i
cabl
etot
heDi
str
ictof
Kar
achi
.

(
2)Ev erysociet
ynowexist
ingwhichhasbeenregisteredundertheCo-operat
iveSoci
eti
es
Act,1904[276],
orundert
heCo-oper
ativ
eSocieti
esAct,1912[277],
shallbedeemedt obe
regi
steredunderthi
sAct,andi
tsby-
lawsshal
l,sofarast hesamear enotinconsi
stentwi
ththe
expressprovisi
onsofthi
sAct,
conti
nueinfor
ceunt i
lalt
eredorrescinded.

(3)All
rul
es,
regul
ati
ons,
not
if
icat
ionsandor
dersmadeori
ssuedundert
hisActandi
nfor
ce
att
heti
meofthecommencementoftheSindCo-
oper
ati
veSoci
eti
es(WestPaki
stan
Amendment)Ordi
nance,1965[
278],shal
l,sofarasmaybe,
ext
endandapply,unt
ilal
ter
ed,
amendedorresci
ndedbycompet entauthor
it
ytothear
eastowhichthi
sActhasbeenextended
byt
heSindCo-operat
iveSoci
eti
es( WestPakist
anAmendment)Ordi
nance,
1965[
279]].

[280]
[(
4)Ther epealoft
heAct
sspeci
fi
edi
nsub-
sect
ion(
1)her
einaf
terr
efer
redt
oast
he
r
epealedAct
s,shallnot
–

(
a)r
evi
veany
thi
ngnoti
nfor
ceorexi
sti
ngatt
het
imeatwhi
cht
her
epeal
takesef
fect
;
or

(
b)aff
ectt
hepr
evi
ousoper
ati
onoft
her
epeal
edAct
sorany
thi
ngdul
ydoneorsuf
fer
ed
t
her
eunder;
or

(c)affectanyr
ight
,pr
ivi
l
ege,
obl
i
gat
ionorl
i
abi
l
ityacqui
red,
accr
uedori
ncur
redunder
t
her
epealedActs;or

(d)af
fectanypenalty
,for
fei
tur
eorpuni
shmenti
ncur
redi
nrespectofanyof
fence
commi
tt
edagainstanyrepeal
edAct;or

(
e)affectanyinvesti
gat
ion,l
egalproceedingorremedyinrespectofanysuchright
,
pri
vi
lege,
obli
gati
on, l
i
abil
it
y,penal
ty,f
orf
eiture,
orpunishmentasaf or
esaid,andanysuch
i
nvesti
gati
on,l
egalproceedingorremedymaybei nsti
tut
ed,conti
nued,orenfor
ced,andany
suchpenalt
yorforfei
tur
eorpunishmentmaybei mposedasi fthi
sActhadnotbeenpassed.

(5)Anyper sonwhoi mmedi at

elybeforet hecomi ngintofor
ceoftheSi ndCo-operati
ve
Societ
ies( WestPakist
anAmendment )Ordinance, 1965,wasappoint
edas, orwasexer ci
sing
thepower sof,aRegistr
ar,Li
quidator,Registr
ar’snomi neeoranyotherauthorit
y,underany
repeal
edAct ,shallbedeemedt ohav ebeensoappoi nt
edunderthi
sAct ,andshallconti
nueto
exerci
set hepower softheRegistr
ar,Liqui
dat or,Regist
rar’
snominee,orothercorrespondi
ng
author
ity,asthecasemaybe, underthisAct ,unti
lsuchappointmentisrescindedbyt he
compet entauthori
tyunderthi
sAct .
]
[281][72.A.Const r
uctionofreferencest oCo-operati
veSocietiesAct ,1912,i
nenact ments.–All
referencest otheCo- operat
iveSociet i
esAct,1912[282],occurringinanyenact mentmadeby
anyaut hori
tyi
n[ 283][
Pakist
an]andf ortheti
mebei ngi nforcein[284] [
Provi
nceoft hePunjab]
shall,intheappl i
cati
on, t
othe[ 285][
saidProvince],
ofanysuchenact ment ,ber eadand
const ruedasr efer
encest othisActandany t
hingdoneoranypr oceedingcommencedi n
pursuanceofanysuchenact mentonoraf t
erthedat eonwhi cht hi
sActshal lhav ecomeinto
operat ionshallbedeemedt ohav ebeendoneort ohav ebeencommencedandt ohavehad
effectasi fthereferenceinsuchenact menttotheCo- operativeSocietiesAct,1912[286]
,had
beent her efer
encet ot hi
sAct,andnosucht hingorpr oceedingshallbedeemedt ohavebeen
i
nv ali
dont hegroundt hatsuchenact mentdidnotr efertothisAct .
]

72.
B.[ Val
i
dityoftransfermadeundersect
ion59( 2)ofSindVIIof1925]
.Repeal
edbytheSi
nd
Laws(Adaptati
on,Revision,
Repeal
andDeclarat
ion)Ordinance,1955(Si
ndOrdi
nanceVof
1955)
,sect
ion6, ScheduleII
.

73. [Repeal
].Repeal
edbytheSindLaws(Adaptat
ion,Revi
sion,
Repeal
andDecl
arat
ion)
Ordi
nance,1955(SindOr
dinanceVof1955),s.
6.ScheduleI
I.

SCHEDULE

Repeal
edbytheSi
ndLaws( Adapt
ati
on,Rev
isi
on,
Repeal
andDecl
arat
ion)Or
dinance,
1955(
Sind
Ordi
nanceVof1955)
,sect
ion6.Schedul
eII
.

[
1]Forstatementofobjectsandreasons,seeBombayGover
nmentGazett
e1924,PartV,
pp.46,
48;forReportofSelectCommitt
ee,seeibid.
,1924,
Par
tV,pp.108-
13andibi
d.,
1925,Par
tV, pp.
68.70;andforproceedingsi
nCouncil,
seeBombayLegisl
ati
veCounci
lDebat
es,1924and1925,
Vols.XII
,XII
IandXV.

[
2]Subst
it
utedf
ir
stbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965(VIIof1965),sect
ion2,fort heword“Sind”whichwasear li
ersubst i
tut
edbyt heWest
Pakist
anLaws( Adaptati
on)Order ,1964,f
or“theProvi
nceofSi nd”.Thewor ds“Provi
nceof
Sind”wereprevi
ouslysubsti
tutedbyt heSindLaws( Adaptati
on, Revisi
on,Repeal
and
Declar
ati
on)Ordinance1955( SindOr di
nanceVof1955) ,
for“presidencyofBombay ”;andt
hen
substi
tut
edforthewor ds“t
hePr ovi
nceofWestPaki stan”bytheCo- operati
veSocieti
es
(Amendment )Act2020( XI
Xof2020) .

[
3]Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
4]Subst
it
utedbytheSindLaws( Adapt
ati
on,Rev
isi
on,RepealandDecl
arat
ion)Or
dinance1955
(
SindOrdinanceVof1955),sect
ion7ScheduleI
II(
wit
heffectfr
om 24t
hApr i
l,
1947),f
or
“
Preli
minary”
.

[
5]Theword“Si
nd”, whichwasear l
iersubsti
tutedf
or“
Bombay”bytheSi
ndLaws(Adaptat
ion,
Revi
sion,
RepealandDecl ar
ation)Ordinance1955(Si
ndOr
dinanceVof1955)
,sect
ion3(i
),was
omitt
edbyW.P.Or dinanceVIIof1955, sect
ion3.

[
6]Substitut
edfirstbyt heSindCo- operativeSociet
ies(WestPaki
stanAmendment )Ordi
nance,
1965(VIIof1965) ,section4,fort
heor iginalsecti
on2asamendedbyt heSindLaws
(Adapt
ation,Revi
sion, RepealandDecl aration)Ordi
nance1955(SindOrdinanceVof1955)and
theWestPaki st
anLaws( Adaptat
ion)Or der,1964;andthenbytheCo-operati
veSoci
eti
es
(Amendment )Act2020( XI
Xof2020) ,forthef ol
l
owi ng:

“2.Extent.
–Thi
sActext
endst
othewhol
eoft
hePr
ovi
nceofWestPaki
stan,
exceptt
he
Tr
ibalAr
eas.”

[
7]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
8]Renumber
edbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
9]I
nser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
andsubst
it
utedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
tor
eadassuch.

[
10]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
11]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
12]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
13]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
14]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
15]Subst
it
utedbytheGovernmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofIndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
BombayGov ernmentGazet
te”
.

[
16]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,Revi
sion,Repeal
andDeclarati
on)Or
dinance,
1955(SindOrdi
nanceVof1955)
,sect
ion7,Schedul
eI I
I(wit
heffectf
rom 24t
hApri
l,1947),
for
“Regi
str
ati
on”.

[
17]Subst
itut
edbytheGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
Government”
.

[
18]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
19]
Subst
it
utedbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965(VIIof1965) ,
secti
on5, f
ortheword“ Si
nd”whichwasearl
i
ersubsti
tutedbytheWest
Pakist
anLaws( Adaptat
ion)Order
,1964,for“
theProvi
nce”
.Theword“Provi
nce”wasprevi
ousl
y
substi
tutedbytheSi ndLaws(Adaptati
on,Revisi
on,
RepealandDecl
arat
ion)Ordi
nance,
1955
(Si
ndOr dinanceVof1955) ,f
or“Presi
dency”.

[
20]
Addedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
21]Subst
itut
edbytheGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
Government”
.

[
22]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
23]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
24]Renumber
edbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
25]Subst
it
utedfi
rstbyt
heCooper
ati
veSoci
eti
es(Amendment)Act2006(VIof2006)
;andt
hen
byt
heCo-operat
iveSoci
eti
es(
Amendment)Act2020(
XIXof2020),f
orthefol
lowi
ng:

“(
b)haveorclaimtohaveaninter
esti
nthesharesoft
hesociet
ynotexceedingf
if
ty
t
housandr
upees;provi
dedthati
fthesoci
etyi
sahousingsoci
ety
,amembermayhav eorclai
m
t
ohaveanint
erestintheshar
esofthesoci
ety,
notexceedi
ngtwohundredthousandr
upees.”

[
26]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
27]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
,fort
he
f
oll
owing:
“(1)Nosociety,otherthanasoci etyofwhi chamemberi sasociet
y,shallberegisteredunder
thisAct,unl
essi tconsistsofatleastthir
tymember sandincaseofapr oducer s’orhousing
societ
y ,
consistsofatl eastfi
ftymember sandeachmemberofasoci ety,exceptt hehousing
andpr oducers’societ
ies,shal
l havetheordinarypl
aceofabodeinthesamet ownorv i
llageori
n
thesamegr oupofv il
l
ageswi thinaradiusoff i
ft
eenki
lometer
sfrom theregisteredof f
iceofthe
societ
y .
”

[
28]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
29]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
,for
t
t
hefol
l
owing:

“8.PowerofRegist
rartodecidecer
tai
nquesti
ons.–Whenanyquest i
onarisesastowhether ,
fort
hepurposesofthi
sAct ,
apersonisanagri
cul
turi
stornot,
ori
sresidentofat ownorvil
l
age
orgroupofvi
ll
ageswit
hinar adi
usoffi
ft
eenkil
ometersfr
om ther
egister
edof f
iceofthesociety,
thequest
ionshal
lbedecidedbytheRegist
rar
,whosedecisi
onshal
lbef i
nal
.”

[
30]Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
31]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
,fort
he
f
oll
owing:

“(
b)si gnedbyatleastfif
typersonsincaseofproducers’orhousingsoci
etyandatleastthi
rt
y
personsforanyot hercat
egoryofsociet
ieswit
hpr oofoftheidenti
fi
cati
onsofthosepersons;
provi
dedt hatthi
sconditi
onast othenumberofper sonsshallnotbeappli
cabl
eincasewher eat
l
eastoneoft heproposedmemberi sasociet
y;”

[
32]Thewor
d“and”omi
tt
edbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
I
of2020)
.
[
33]Substi
tut
edfort
hef
ull
-st
opbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020
(
XXIIof2020).

[
34]I
nser
tedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
35]Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
,1992(
Iof1992)
.

[
36]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
37]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
38]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
,fort
he
f
oll
owing:

“
(1)Not wit
hstandinganythi
ngcont ainedint hi
sActandsubjecttoanyotherl
awforthe
ti
mebei nginforce,asocietymay ,wit
ht hewr i
ttenconsentofi
tscredi
tor
sandt heappr
ovalof
theRegistr
ar,byar esolut
ion,
incorporat
ingt hetermsandconditi
onsoftheproposedmerger,
passedbyt wo-thi
rdmaj ori
tyofit
smember spresentandvoti
nginageneralbodymeeti
ng,
mergeitsel
finacompanyorabodycor porate.”

[
39]Subst
it
utedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof
1943).

[
40]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
41]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
,1992(
Iof1992)
.

[
42]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.
[
43]Addedbyt heCooperati
veSocieti
es(Amendment)Act,1992(Iof1992),
andsubsti
tutedby
theCooperati
veSocieti
es(Amendment )Ordi
nance2001(Iof2002).UnderArt
icl
e5Aoft he
Provi
sionalConst
it
utionOrder1999(Iof1999),
asamended, readwit
hArti
cle270AAoft he
Consti
tuti
onoftheIslamicRepubli
cofPakist
an,1973,i
tshall
notbesubjecttoanyl
imitati
onas
todurati
onprescr
ibedintheConstit
uti
on.

[
44]Subst
it
utedf
orthewor
d“Gov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act
2020(XI
Xof2020).

[
45]Substi
tut
edbyt heSi
ndLaws(Adaptat
ion,Revi
sion,Repeal
andDeclarati
on)Or
dinance,
1955(SindOrdi
nanceVof1955),sect
ion7,Schedul
eI I
I(wit
heffectf
rom 24t
hApri
l,1947),
for
“Ri
ghtsandli
abil
it
iesofmembers”.

[
46]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
47]
Subst
it
utedbytheWestPaki
stanLaws(
Adapt
ati
on)Or
der1964,
sect
ion2(
1),
Schedul
e,f
or
t
hewords“t
heCrown”.

[
48]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,Revi
sion,RepealandDecl
arat
ion)Ordi
nance,
1955(SindOrdi
nanceVof1955)
,sect
ion3(i
)(wit
hef f
ectfrom 30t
hMay ,
1951),for“
Bombay ”
.

[
49]AddedbytheSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965(
VII
of1965),
sect
ion6.

[
50]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
51]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
,fort
he
f
oll
owing:
“(
4)Themembershallceaset
obememberoft
hesoci
etyf
rom t
hedat
ewhent
heexpul
sion
orderoft
heRegi
str
art
akeseff
ect
:

Provi
dedthatt
hepr
ovi
sionsoft
hissect
ionshal
lnotappl
ytoamemberofahousi
ng
soci
etywhohasmadeful
lpaymentt
owardsthecostoflandandt
her
equi
sit
edevel
opment
char
ges.”

[
52]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
53]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
54]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
55]I
nsert
edas18-
AbytheSi
ndCooper
ati
veSoci
eti
es(Amendment
)Act,
1941(Si
ndActXVI
II
of1941)andr
enumber
edas18-
BbytheCooper
ati
veSoci
eti
es(Amendment
)Act2006(
VIof
2006).

[
56]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
57]Substi
tut
edbyt heSi
ndLaws(Adaptat
ion,Revi
sion,Repeal
andDeclarati
on)Or
dinance,
1955(SindOrdinanceVof1955)
,sect
ion7,Schedul
eI I
I(wit
heffectf
rom 24t
hApri
l,1947),
for
“Dut
iesofSocieti
es”.

[
58]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
59]I
nser
tedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.
[
60]Thewor
d“and”omi
tt
edbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
I
of2020)
.

[
61]Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
,for
t
hefoll
owi
ng:

“
(d)ar
egi
sterofi
tsmember
s.”

[
62]I
nser
tedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
63]I
nser
tedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
64]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
65]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
66]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
67]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
68]Substi
tut
edbytheSindLaws(Adapt
ati
on,Revi
sion,Repeal
andDeclarati
on)Or
dinance,
1955(SindOrdi
nanceVof1955),
secti
on7,Schedul
eI I
I(wit
heffectf
rom 24t
hApri
l,1947),
for
“Pr
ivi
l
egesofSocieti
es”
.

[
69]Substi
tutedbyWestPaki st
anLaws( Adaptati
on)Order
,1964,sect
ion2(1)Schedule,fort
he
words“theCr own”whi chwereearli
ersubsti
tut
edbyt heGovernmentofIndi
a(Adaptationof
I
ndianLaws)Or der,1937asamendedbyt heGovernmentofIndi
a(Adaptati
onofIndianLaws)
Suppl
ement aryOr der,1937,
for“Gover
nment ”.
[70]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
,
secti
on4(a).

[
71]Substi
tut
edbytheSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof
1947).
,secti
on4(
b),f
or“
suchmemberorpastmember
”.

[
72]Substi
tut
edbytheSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof
1947).
,secti
on4(
b),f
or“
suchmemberorpastmember
”.

[73]
Substit
utedbytheSi ndCo-operati
veSocieti
es(WestPakistanAmendment )Ordinance,
1965(VIIof1965),secti
on7, f
orthewor ds“Receiv
erunderthePr ov i
nci
alInsol
vencyAct ,
1920,
shal
lnot”.Thesewor dswereearli
ersubstit
utedbytheSindLaws( Adapt
ation,Revi
sion,Repeal
andDeclarati
on)Ordinance,1955(SindOrdinanceVof1955) ,section7,ScheduleI
II
, f
or“neit
her
theOff
icialAssi
gneeundert hePresidencyTown, I
nsol
vencyAct ,1920,shall
”.

[
74]
Del
etedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
75]
Addedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Or
dinance,
1985(
VIIof1985)
.

[
76]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
77]Subst
itut
edbytheGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
Government”
.

[
78]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.
[
79]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
80]Theword“I
ndi
an”omit
tedbyt
heSindLaws(Adapt
ati
on,Revisi
ons,
Repeal
andDeclar
ati
on)
Ordi
nance,
1955(Si
ndOrdi
nanceVof1955),
sect
ion4(wit
heffectfr
om 30t
hMay,1951).

[
81]
XVIof1908.

[
82]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
83]Addedbycor
ri
gendum publ
i
shedatP.
3029.Gazet
teofPunj
ab,
Ext
raor
dinar
ydat
ed31-
12-
1984.

[
84]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
85]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
86]Subst
itut
edbytheGovernmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofIndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
Governor-
Gener
alinCounci
l
”.

[
87]Subst
it
utedf
ort
hewor
d“Cent
ral
”byt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020
(
XIXof2020).

[
88]Subst
it
utedbyt heGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGov er
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
Gazett
eofI ndi
a”.

[
89]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.
[90]Substi
tutedfi
rstbyt heSi ndCo-operat
iveSociet
ies(WestPaki stanAmendment )Ordinance,
1965( VI
Iof1965) ,section8(a) ,
fort
hewor d“Government ”whichwasear l
iersubst
it
utedbyt he
Gov er
nmentofI ndia( AdaptationofIndi
anLaws)Or der,
1937asamendedbyt heGovernmentof
Indi
a(Adapt ati
onofI ndianLaws)Suppl ementar
yOr der,1937,for“LocalGovernment”
;andt hen
substi
tutedforthewor ds“Prov i
nci
alGovernment”bytheCo- operati
veSocieti
es(Amendment )
Act2020( XIXof2020) .

[
91]Subst
it
utedbytheGovernmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofIndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
BombayGov ernmentGazet
te”
.

[
92]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
93]Thepar agr
aphbeginningwi tht
hewor ds“inthissub-secti
on”andendingwiththewords“t
he
Provinci
alGovernment”,
whi chwasear l
i
erinsertedbythebyt heGov ernmentofI
ndia
(Adaptati
onofIndianLaws)Or der,1937asamendedbyt heGovernmentofIndi
a(Adaptati
onof
I
ndianLaws)Suppl ementaryOr der
, 1937,omittedbytheSi ndCo-operati
veSoci
eti
es(West
PakistanAmendment )Ordinance,1965( VIIof1965),section8.

[
94]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
95]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
96]Subst
itut
edbytheGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Order
,1937as
amendedbyt heGover
nmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ementar
yOrder
,1937,
for“
Government”
.

[
97]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.
[
98]Subst
it
utedbytheSindCooperat
iveSoci
eties(
Amendment)Act
,1935(
SindActXXI
Iof
1935),
secti
on2,f
or“int
erestondebentur
esissuedbyt
hem”.

[
99]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
100]Substi
tut
edbyt heSi
ndLaws(Adaptat
ion,Revi
sion,Repeal
andDeclarat
ion)Or
dinance,
1955(SindOrdinanceVof1955)
,sect
ion7,Schedul
eI I
I(wit
heffectf
rom 24t
hApril
,1947),f
or
“pr
opert
yandf undsofSoci
eti
es”
.

[101]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
,
secti
on5( a)
.

[
102]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
103]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[104]
Addedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
,
secti
on5(b)
.

[
105]I
nser
tedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
106]
Addedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
107]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.
[
108]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
109]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
110]Theword“
Indi
an”omi
ttedbyt
heSindLaws(Adapt
ati
on,
Revisi
on,
Repeal
andDeclarat
ion)
Ordi
nance,
1955(Si
ndOrdi
nanceVof1955),
sect
ion4(wit
heff
ectfr
om 30t
hMay,1951).

[
111]
IIof1882.

[
112]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
113]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
114]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
115]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
116]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
117]
Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbytheGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
f
or“
Gov
ernment
”.

[
118]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
119]Substit
utedbyt
heSindCooper
ati
veSociet
ies(Thir
dAmendment
)Act
,1940(
SindActXVI
of1940),secti
on2,f
or“
BombayCentralCo-
operati
veInsti
tut
e”.

[
120]
VIof1890.

[
121]Substi
tut
edbyt heSi
ndLaws(Adaptat
ion,
Revisi
on,Repeal
andDeclarat
ion)Or
dinance,
1955(SindOrdi
nanceVof1955),sect
ion7,ScheduleI
II(
withef
fectf
rom 24thApri
l
,1947),f
or
“I
nspect
ionofAffai
rs”.

[
122]I
nser
tedbytheSindCooperati
veSoci
eti
es(Amendment)Act,
1943(SindActXVIof1943)
,
andsubst
it
utedbytheCooperat
iveSoci
eti
es(Amendment)Act2006(VIof2006)
.

[
123]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
124]
Addedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
,1992(
Iof1992)
.

[
125]Subst
it
utedfi
rstbytheCooper
ati
veSoci
eti
es(Amendment)Act2006(VIof2006);
and
t
henbytheCo-oper
ativeSoci
eti
es(Amendment)Act2020(
XIXof2020)fort
hefoll
owing:

“(
5)TheRegistr
armaysuspend, f
oraperi
odnotexceedingthr
eemonths,amemberoft he
managingcommi t
teeofasociety
,agai
nstwhom aninquir
yispendi
ngunderthisActort
here
arer
easonstobeli
ev et
hatanysuchmemberhascommi tt
edanyirr
egul
ari
ty,
il
legal
it
y,br
eachof
tr
ustoractprej
udi
cialt
otheinter
est
softhesoci
ety.
”
[
126]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
127]
Addedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
128]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
129]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
130]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
131]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
132]Substi
tut
edbytheSindLaws(Adaptat
ion,
Revisi
on,Repeal
andDeclarat
ion)Or
dinance,
1955(SindOrdi
nanceVof1955),sect
ion7,ScheduleI
II(
withef
fectf
rom 24thApri
l
,1947),f
or
“Li
qui
dationandArbi
tr
ati
on”.

[133]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
,
secti
on11.

[
134]Subst
it
utedfort
hewor
ds“
thr
ee-
four
ths”byt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
2006(VIof2006)
.

[
135]
Thewords“
orpossessesshar
esormember sdeposi
tsnotexceedi
ngRs.
500”omi
tt
edby
t
heCooper
ati
veSoci
eti
es(Amendment)Act2006(VIof2006)
.

[
136]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.
[
137]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
138]I
nser
tedbyt
heCooper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
139]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
140]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
141]
Subst
it
utedbytheWestPaki
stanLaws(
Adapt
ati
on)Or
der
,1964,
sect
ion2(
1)Schedul
e,f
or
t
hewords,
“theCrown”
.

[
142]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,Revi
sion,
RepealandDecl
arat
ion)Ordinance,
1955(SindOrdi
nanceVof1955)
,sect
ion3(
i)(wit
heffectfr
om 30thMay,
1951),for“Bombay”.

[
143]
SindVof1879.

[
144]Addedbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965
(
VIIof1965)
.

[
145]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)f
ort
he
f
oll
owing:

“(1)Wher einthecourseoft hewi ndingupofasoci et

yitappearsthatanypersonwhohast aken
partintheor gani
zati
onormanagementoft hesociet
yoranypastorpr esentchai
rman,
secretary
, memberoft hemanagi ngcommi tt
eeoroffi
cerofthesociet
yhasmi sappl
iedor
retai
nedorbecomel i
abl eoraccount ableforanymoneyorpr opert
yofthesocietyorhasbeen
guilt
yofmi sfeasanceorbr eachoft rustinrel
ati
ontothesocietyor,wherethesoci
etyisact
ing
undersub- secti
on(4)ofsect i
on34asagentoft hefi
nanci
ngbank, hasmadeanypay ment
contrarytotheinstr
uctionsoft hefinancingbanktheRegistr
armay ,ontheappli
cati
onofthe
l
iquidatororofanycr editororcontribut
ory,examinei
ntotheconductofsuchper sonandmake
anorderrequir
inghimt orepayorrestor
ethemoneyorpr opertyoranypartthereofrespect
ivel
y
withi
nterestorret
urnatsuchr ateastheRegist
rart
hinksjustortocontri
butesuchsum t othe
asset
soft hesocietyorofthefinanci
ngbankbywayofcompensat ioninregardtothe
misappli
cati
on,retai
ner,misf
easanceorbreachoftrustastheRegistr
arthinksjust
.”

[
146]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
.

[
147]
VIof1890.

[
148]Substi
tut
edbytheSindCooper
ati
veSocieti
es(Thir
dAmendment
)Act
,1940(
SindActXVI
of1940),f
or“BombayProvi
nci
alCo-
operat
iveInsti
tut
e”.

[
149]Theword“
Sind”omittedbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)
Ordi
nance,
1965(VIIof1965).

[
150]Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof
1984).

[
151]Substi
tut
edbytheSindCooper
ati
veSocieti
es(Thir
dAmendment
)Act
,1940(
SindActXVI
of1940),f
or“BombayProvi
nci
alCo-
operat
iveInsti
tut
e”.

[
152]Theword“
Sind”omittedbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)
Ordi
nance,
1965(VIIof1965).

[
153]Subst
it
utedbytheSi
ndCooperat
iveSoci
eti
es(
Amendment
)Act
,1944(
SindActVI
IIof
1944),
sect
ion2,fort
hefi
rstpar
agr
aph.

[
154]
Addedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
.
[
155]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
.

[
156]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
157]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
.

[
158]
Inser
tedt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
159]Subst
it
utedbytheSi
ndCooper
ati
veSociet
ies(
Amendment
)Act
,1947(
SindActXXof
1947),
sect
ion8(b)
(i
),f
or“amemberorpastmember”.

[160]
Inser
tedbytheSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof1947)
,
secti
on8(b)(
ii
).

[
161]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1938(
SindActXof1938)
.

[
162]Subst
it
utedbytheSi
ndCooperat
iveSociet
ies(Amendment
)Act
,1943(
SindActXVIof
1943),
sect
ion14(i
)fort
heor
igi
nalsub-sect
ion(I)
.

[
163]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
164]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
165]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1938(
SindActXof1938)
.

[
166]Thewor
d“ hi
msel
f”omi
tt
edbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943
(
SindActXVIof1943)
.
[
167]Subst
it
utedbytheSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof
1943),
sect
ion16,f
orSecti
on57.

[
168]
Vof1908.

[169]
Substi
tut
edbyt heSindCooperati
veSocieti
es(Amendment)Act,1940(
SindActVof1940)
,
secti
on4readwi t
hsection5(witheff
ectfrom 4thDecember
,1925),fort
hewordsbegi
nni
ng
with“Ev
eryorderpassedbyaliquidat
or”andendingwith“
beexecuted”.

[
170]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
171]Thewor
ds“beexecuted”del
etedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,
1943(Si
ndActXVIof1943).

[
172]Subst
it
utedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof
1943).

[
173]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
174]Sub-sect
ions(2)and(
3),i
nsertedbytheSi
ndCooperati
veSociet
ies(
Amendment)Act
,
1950(SindActXXVIof1950),sect
ion2.Theori
ginal
sub-sect
ion(2)wasrepeal
edbyt
heSi
nd
Cooperati
veSociet
ies(Amendment)Act,1935(
SindActXXIIof1935).

[
175]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
176]
Subst
it
utedbyt
heSi
ndLaws(
Adapt
ati
on,
Rev
isi
on,
Repeal
andDecl
arat
ion)Or
dinance,
1955(
SindOr
dinanceVof1955)
,sect
ion3(
i)(
wit
hef
fectf
rom 30t
hMay
,1951)
,for“
Bombay
”.

[
177]
SindVof1879.

[
178]I
nsert
edbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965
(
VIIof1965).

[
179]
Subst
it
utedbyt
heWestPaki
stanLaws(
Adapt
ati
on)Or
der
,1964,
sect
ion2(
1)Schedul
e,f
or
t
hewords“t
heCrown”.

[
180]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
181]
IXof1908.

[
182]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
183]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
184]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1935(
SindActXXI
Iof1935)
.

[
185]
Chapt
erVII
I-
A( sect
ion59-
Bto59-
U),i
nsert
edbyt
heSi
ndCooper
ati
veSoci
eti
es
(
Amendment)Act,
1947( Si
ndActXXof1947).

[
186]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.
[
187]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,Revi
sion,
RepealandDecl
arat
ion)Ordinance,
1955(SindOrdi
nanceVof1955)
,sect
ion3(
i)(wit
heffectfr
om 30thMay,
1951),for“Bombay”.

[
188]
SindVof1879.

[
189]Addedbyt
heSi
ndCo-
oper
ati
veSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965
(
VIIof1965)
.

[
190]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,
Rev
isi
on,Repeal
andDecl
arat
ion)Ordi
nance,
1955(SindOrdi
nanceVof1955)
,sect
ion4(wit
hef
fectf
rom 30t
hMay,1951)
,for“I
ndi
an”.

[
191]Substi
tut
edbyt heSindCo-
operat
iveSoci
eti
es(
WestPaki
stanAmendment
)Or
dinance,
1965(VIIof1965)
,fortheword“Si
ndhi
”.

[
192]Subst
it
utedfort
hewor
d“Commi
ssi
oner
”byt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
2006(VIof2006)
.

[
193]Substi
tut
edbytheSindLaws(Adapt
ati
on,Revi
sion,
Repeal
andDecl
arat
ion)Or
dinance,
1955(SindVof1955),sect
ion7,
Schedul
eII
I,f
or“of
”.

[
194]Subst
it
utedf
orthewor ds“Chapt
erXIoftheSindLandRevenueCode,
1879,ort
herel
evant
prov
isi
onsofanyotherlawrel
ati
ngtolandrevenueinf
orcei
nthearea,
”bytheCooper
ati
ve
Soci
eti
es(Amendment )Act2006(VIof2006)
.

[
195]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
196]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,Revi
sion,Repeal
andDeclarat
ion,
),Ordi
nance,
1955(SindOrdi
nanceVof1955)
,sect
ion7,Schedul
eI I
I(wit
heffectf
rom 24t
hApril,
1947),f
or
“Of
fences”.
[
197]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
198]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
199]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
200]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
201]Subst
it
utedf
ort
hef
ull
-st
opbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof
2006).

[
202]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
203]
Substi
tut
edfortheexpressi
on“Punj
abLocal Gov
ernmentOr
dinance,
2001(
XII
Iof2001)
”
byt
heCo-operat
iveSoci
eti
es( Amendment)Act2020(XI
Xof2020).

[
204]Subst
it
utedf
ort
hef
ull
-st
opbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020
(
XXIIof2020).

[
205]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
206]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)f
ort
he
f
oll
owing:

“61.Penalt
yf oroff
encesnotother
wi seprov
idedfor.
–Ev er
ysociet
y,of
fi
cerormemberofa
societyorotherpersonguil
tyofanof f
enceunderthi
sActforwhichnopenaltyi
sexpr
essl
y
providedhereinshallbel
i
abletoafinenotexceedingfi
ft
ythousandrupees.
”
[
207]Theexpressi
on“soci
ety
,”omi
tt
edbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act
2020(XXI
Iof2020).

[
208]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
209]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
210]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
211]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
212]Subst
it
utedf
ort
hewor
d“f
if
ty”byt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof
2006).

[
213]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
,fort
hewor
d
“
fi
ve”
.

[
214]
Addbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
,1992(
Iof1992)
.

[
215]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act
,1992(
Iof1992)
.

[
216]Substi
tut
edbyt heSindLaws(Adapt
ati
on,Revi
sion,Repeal
andDeclarat
ion)Or
dinance,
1955(SindOrdi
nanceVof1955) ,
secti
on7,Schedul
eI I
I(wit
heffectf
rom 24t
hApril
,1947)for
“Appeal
sandRev i
sion”.
[
217]Subst
it
utedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act2020(
XIXof2020)
;fort
he
f
oll
owing:

“64.Appeal
.–Anappeal agai
nstanor derordeci
sionoforsanct
ionedbytheRegi
str
arunder
Secti
on10,16,45,47,50,50-
A, 54orsub-sect
ion(3)ofsecti
on54-Amaybemadebyanypar ty
aggri
evedoraff
ectedbyt heorderordecisi
ontotheGov er
nmentwithi
ntwomonthsofthedate
ofthecommuni cat
ionoftheorder.
”

[
218]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
219]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
220]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
221]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
222]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
223]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
224]Subst
it
utedforthewor
d“Gov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Act
2020(XIXof2020).
[
225]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1943(
SindActXVIof1943)
.

[
226]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
227]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
228]Substit
utedbytheSi
ndLaws(Adaptat
ion,Revi
sion,Repeal
andDeclarat
ion)Or
dinance,
1955( Si
ndOr di
nanceVof1955)
,sect
ion7,Schedul
eI I
I(wit
heffectf
rom 24t
hApril
,1947),f
or
“Miscell
aneous”.

[
229]Subst
it
utedbyt heWestPaki
stanLaws( Adaptat
ion)Order,
1964, sect
ion2(1)Schedul
efor
thewords“t
heCrown”whi chwereearl
ierSubst
it
utedbyt heGovernmentofI ndi
a(Adaptati
onof
I
ndianLaws)Order,1937asamendedbyt heGov er
nmentofI ndi
a( Adaptat
ionofIndi
anLaws)
Suppl
ementaryOrder,1937,
for“
Gov er
nment”.

[
230]Subst
it
utedbyt heWestPaki
stanLaws( Adaptat
ion)Order,
1964, sect
ion2(1)Schedul
efor
thewords“t
heCrown”whi chwereearl
ierSubst
it
utedbyt heGovernmentofI ndi
a(Adaptati
onof
I
ndianLaws)Order,1937asamendedbyt heGov er
nmentofI ndi
a( Adaptat
ionofIndi
anLaws)
Suppl
ementaryOrder,1937,
for“
Gov er
nment”.

[
231]Sect
ion65.
A,inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
SecondAmendment
)Act
,1940
(
SindActXXVIIof1940).

[
232]Substi
tut
edbytheSi
ndLaws(Adaptat
ion,Revi
sion,RepealandDecl
arat
ion)Ordi
nance,
1955(SindOrdi
nanceVof1955)
,sect
ion3(i)(
witheffectfr
om 30thMay,1951),f
or“Bombay.
”

[
233]Theword“
Sind”omi
tt
edbytheSi
ndLaws( Adapt
ati
on,Revi
sion,Repeal
andDecl
arat
ion)
Ordi
nance,
1955(Si
ndOrdi
nanceVof1955)
,secti
on3(i
i)
(b)(wi
theffectfr
om 30t
hMay1951).
[
234]Substi
tut
edbytheSindCo-oper
ati
veSociet
ies(WestPaki
stanAmendment
)Ordi
nance,
1965(VIIof1965)
,secti
on13,f
ortheori
ginal
sub-sect
ion(
4)asamendedtheWestPaki
stan
Laws(Adaptati
on)Order,
1964.

[
235]Sect
ion65-B,
inser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Or
dinance,
1966
(
XVIIof1966),
secti
on2.

[
236]
XLVof1860.

[
237]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der
,1937,
for“
Government”
.

[
238]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
239]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937,as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der,1937,
for“
Government”
.

[
240]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
241]Subst
it
utedbytheGov er
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937,as
amendedbyt heGovernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der,1937,
for“
LocalOff
ici
alGazett
e”.

[
242]Theword“
Indi
an”omi
ttedbyt
heSindLaws(Adapt
ati
on,
Revisi
ons,
Repeal
andDecl
arat
ion)
Ordi
nance,
1955(Si
ndOrdi
nanceVof1955),
sect
ion4(wit
heff
ectfr
om 30t
hMay ,
1951)
.
[
243]
VIIof1913.

[
244]Substi
tutedfir
stf ort
hewor ds“BombayPr esi
dency ”byt heSi
ndLaws(Adaptat
ion,
Revi
sions,RepealandDecl ar
ation)Ordi
nance,1955(SindOr dinanceVof1955)
; t
henforthe
words“Provi
nceofSi nd”byt
heSi ndCo-oper
ativeSoci
et ies(WestPaki
stanAmendment )
Ordi
nance,1965( VIIof1965);andagainforthewords“ Pr ov
inceofWestPaki
stan”bytheCo-
operat
iveSociet
ies( Amendment )Act2020(XIXof2020) .

[
245]Substi
tutedfir
stf ort
hewor ds“BombayPr esi
dency ”byt heSi
ndLaws(Adaptat
ion,
Revi
sions,RepealandDecl ar
ation)Ordi
nance,1955(SindOr dinanceVof1955)
; t
henforthe
words“Provi
nceofSi nd”byt
heSi ndCo-oper
ativeSoci
et ies(WestPaki
stanAmendment )
Ordi
nance,1965( VIIof1965);andagainforthewords“ Pr ov
inceofWestPaki
stan”bytheCo-
operat
iveSociet
ies( Amendment )Act2020(XIXof2020) .

[
246]Substi
tutedfir
stf ort
hewor ds“BombayPr esi
dency ”byt heSi
ndLaws(Adaptat
ion,
Revi
sions,RepealandDecl ar
ation)Ordi
nance,1955(SindOr dinanceVof1955)
; t
henforthe
words“Provi
nceofSi nd”byt
heSi ndCo-oper
ativeSoci
et ies(WestPaki
stanAmendment )
Ordi
nance,1965( VIIof1965);andagainforthewords“ Pr ov
inceofWestPaki
stan”bytheCo-
operat
iveSociet
ies( Amendment )Act2020(XIXof2020) .

[
247]
Addedbyt
heCo-
oper
ati
veSoci
eti
es(
Amendment
)Or
dinance,
1966(
XIIof1966)
.

[
248]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
249]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
250]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.
[
251]I
nser
tedbyt
heCo-
oper
ati
veSoci
eti
es(
SecondAmendment
)Act2020(
XXI
Iof2020)
.

[
252]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order1937,as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOrder
,1937,
for“
Government”
.

[
253]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
254]Substi
tut
edbytheSi
ndLaws( Adapt
ation,
Revi
sions,
RepealandDeclar
ation)Ordi
nance,
1955(SindOrdi
nanceVof1955)
,(wit
heffectfr
om 30thMay,1951),
for“
Presidency”
.

[
255]Cl
ause(gg)whichwasi nser
tedbytheSindCooperati
veSociet
ies( Amendment)Act ,1943
(Si
ndActXVIof1943),r
e-number edasClause(ga)bytheSindLaws( Adaptat
ion,
Revisions,
Repeal
andDeclarat
ionOrdinance,1955(Si
ndOr di
nanceVof1955), secti
on7,ScheduleIII
.

[
256]Subst
it
utedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1947(
SindActXXof
1947).

[
257]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
258]Cl
auses(
cca)
,(ccb)and(ccc)i
nsert
edbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,
1947(Si
ndActXXof1947),secti
on10(2).

[
259]Theword“
and”repeal
edbytheSi
ndLaws( Adapt
ati
on,Revi
sion,
Repeal
andDecl
arat
ion)
Ordi
nance,
1955(Si
ndOr di
nanceVof1955)
,secti
on6,Schedul
eII
.

[
260]
Subst
it
utedbyt
heGov
ernmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Or
der
,1937as
amendedbytheGov
ernmentofI
ndi
a(Adapt
ati
onofI
ndi
anLaws)Suppl
ement
aryOr
der
,1937,
for“
theGov
ernment
”.

[
261]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
262]
Inser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1935(
SindActXXI
Iof
1935)
.

[
263]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof1984)
.

[
264]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Punj
abAmendment
)Or
dinance,
1984(
XLof
1984)
.

[
265]Clause(f
f)i
nser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1935(
SindAct
XXIIof1935).

[
266]Subst
it
utedfort
hef ul
l
-st
op,byt
heSindLaws(Adaptati
on,Revi
sion,
Repealand
Decl
arati
on)Ordi
nance,1955(Si
ndOrdi
nanceVof1955),secti
on7,ScheduleI
II
.

[267]Clause(ee)whi
chwasinsertedbyt heSi
ndCooperati
veSociet
ies(
Amendment )Act
,1943
(SindActXVIof1943) ,
secti
on21( ii
),r
enumberedasclause(gg)bytheSi
ndLaws( Adapt
ati
on,
Rev i
sion,RepealandDecl
arat
ion)Ordinance,
1955(Si
ndOr di
nanceVof1955),sect
ion7,
Schedul eII
I.

[
268]
Subst
it
utedf
ort
hewor
d“f
if
ty”byt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof
2006)
.

[
269]
Subst
it
utedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
,fort
hef
ull
-
st
op.
[
270]
Inser
tedbyt
heCooper
ati
veSoci
eti
es(
Amendment
)Act2006(
VIof2006)
.

[
271]Substi
tut
edbytheGover
nmentofI
ndia(Adapt
ationofIndi
anLaws)Order,
1937,as
amendedbyt heGov
ernmentofI
ndi
a(Adaptati
onofIndianLaws)Suppl
ementaryOr
der,1937,
for“
Government”
.

[
272]
Subst
it
utedfort
hewords“
Provi
nci
alGov
ernment
”byt
heCo-
oper
ati
veSoci
eti
es
(
Amendment)Act2020(
XIXof2020)
.

[
273]
Sub-
sect
ion(
5)omi
tt
edbyW.
P.ActXVof1957,
sect
ion3(
3),
Schedul
eII
I.

[
274]Substi
tut
edbytheSindCo-oper
ati
veSociet
ies(WestPaki
stanAmendment
)Or
dinance,
1965(VIIof1965)
,sect
ion15,
fortheori
ginal
secti
on72.

[
275]
BombayVI
Iof1925.

[
276]
Xof1904.

[
277]
IIof1912.

[
278]
W.P.Or
d.VI
Iof1965.

[
279]
W.P.Or
d.VI
Iof1965.

[
280]Subst
it
utedbytheCo-oper
ati
veSociet
ies(
SecondAmendment
)Or
dinance,
1966(
XVI
Iof
1966),
(wit
heffectf
rom 30t
hApril
,1965)
.
[
281]Sect
ion72-
Ai nser
tedbyt
heSi
ndCooper
ati
veSoci
eti
es(
Amendment
)Act
,1933(
SindAct
VI
IIof1933),
sect
ion2.

[
282]
IIof1912.

[
283]Substi
tut
edbyt heSi
ndLaws(Adaptat
ion,Rev
isi
on,Repeal
andDeclar
ati
on)Ordi
nance,
1955,(Si
ndOrdinanceVof1955)
,sect
ion3( i
i)(
b)(wi
theff
ectfr
om 30t
hMay ,1951)
,for“
Bri
ti
sh
I
ndia”.

[284]Substitut
edf i
rstbyt heSindCo- operati
veSocieti
es( WestPakistanAmendment )
Ordinance,1965( VIIof1965) ,sect
ion2, fortheword“Sind”whi chwasear li
ersubsti
tut
edbyt he
WestPaki stanLaws( Adaptati
on)Or der,1964,for“
thePr ovinceofSind”.Thewor ds“Prov
inceof
Sind”werepr eviousl ysubstit
utedbyt heSi ndLaws( Adaptation,Rev
isi
on, Repealand
Declarat
ion)Or dinance, 1955,(SindOr di
nanceVof1955) ,for“Presi
dencyofBombay ”;
andthen
substit
utedf orthewor ds“ t
hePr ovi
nceofWestPaki stan”byt heCo-operati
veSociet
ies
(Amendment )Act2020( XIXof2020) .

[
285]Substi
tut
edbyt heSi ndCo-operati
veSociet
ies(WestPaki st
anAmendment )Ordinance,
1965(VIIof1965),sect
ion16, f
ort hewords“sai
dt er
ri
tories”whichwer eear l
i
ersubstit
utedby
theWestPakistanLaws( Adaptation)Order
,1964,for“saidProvi
nce” .Thewor ds“said
Prov
ince”werepr evi
ouslysubsti
tutedbytheSindLaws( Adaptat
ion,Rev i
sions,Repealand
Decl
arati
on)Ordinance,1955(SindOr di
nanceVof1955) ,for“
Presidency”.

[
286]
IIof1912.