A hundred years ago October 3, 1918 Archives

Co-Operative Societies’ Act.

A bill to amend the Co-operative Societies Act, 1912, has just been published in the United Provinces Gazette: The object of this Bill is to provide a more efficient machinery than is at present given by the Co-operative Societies’ Act, 1912, for the realization of contributions found by a liquidator to be payable by the members of a Co-operative Society when the registration of the society has been cancelled. Under the provisions of the Act such contributions can only be collected through the medium of a civil court, the procedure of which is relatively cumbrous and dilatory and also to some extent susceptible of evasion on the part of the contributories. It was also recommended by the committee on Co-operation in India which sat in 1914-15 that on the next revision of the Co-operative Societies’ Act provision should be made for the summary recovery of members’ debts by a liquidator on the cancellation of a society’s registration. It is considered that the object in view may be effected by means of a slight modification of section 42 of the Co-operative Societies’ Act.


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