Laws Relating to Cooperative Societies : A Commentary

Contents 1. Indian Contract Act 1872. 2. Negotiable Instruments Act 1881. 3. The transfer of Property Act 1882. 4. Banking Regulation Act 1949. 5. Consumer Protection Act 1986. 6. Indian Evidence Act1872. 7. Banker's Book Evidence Act 1891. 8. Income Tax Act 1961. 9. Limitation Act 1963. 10.The Indian Penal Code 1860. 11. Civil Procedure Code 1908. 12. The Industrial Dispute Act 1947. 13. The Payment of Wages Act 1936. 14. Workmen's Compensation Act 1923. 15. Factories Act 1948. 16. Sale of Goods Act 1930. Index. Cooperative legislation has been receiving attention of the government at various points of time with the basic objective of involving people at the grassroot level so as to help them in availing the facilities provided by the cooperatives. The societies formed under the cooperative legislation acquire legal status and are permitted to raise funds and carry on business in a corporate character. The raising numerical strength of cooperative institutions the large number of sectors in which they are functioning their extended territorial and membership coverage their higher command over financial resources and expanded volume and variety of their operations call for a careful and better understanding of the Cooperative Societies Act and also of Related Laws applicable in their working and dealings. The working of a cooperative society and the application of the special law enacted for the purpose are to a considerable extent dependent upon the provisions of several other laws. A cooperator working in cooperative institutions therefore should not only have knowledge of the Cooperative Societies Act but also the knowledge of related laws which are applicable to cooperative institutions. The present book provides first aid guidance to a cooperator to enable him to associate himself and run a cooperative institution without any legal flaw. The growing diversified activities and the growing consciousness of members of a cooperative with regard to their rights and liabilities in relation to their institutions have made it all the more necessary for cooperators to know related laws related to cooperatives. The present book is definitely an improvement over the existing literature available on the subject. This book is the first of its kind on the subject. It is expected that the book would prove useful to all those who are interested in the study of cooperative laws. 265 pp.…