The Multi-Unit Co-Operative Societies’ Act, 1942
Act
No. VI of 1942
[2nd March, 1942 ]
An Act to
provide for the incorporation, regulation and
winding
up of co-operative societies with objects
not
confined to one province.
WHEREAS
it is expedient to provide for the incorporation, regulation and winding up of
co-operative societies with objects not confined to one province;
It is hereby enacted as follows:---
1. Short title, extent and
application. (1) This Act may be called the Multi-unit Co-operative
Societies Act, 1942.
(2) It extends to the whole of Pakistan
(3) It applies to all co-operative societies with
objects not confined to one province incorporated before the commencement of
this Act under the co-operative societies Act, 1912, or under any Act relating
to co-operative societies with objects not confined to one province to be
incorporated after the commencement of this Act.
2. Co-operative societies to
which this Act applies registered before commencement of this Act. A
co-operative society to which this Act applies which has been registered in any
province under the law relating to co-operative societies in force in that
province to which its objects extend to be duly registered in that other
province under the law there in force relating to co-operative societies, but
shall, save as provided in sub-sections (2) and (3), be subject for all the
purposes of registration, control and dissolution to the law relating to
co-operative societies in force for the time being in the province in which it
is actually registered.
(2) Where any such co-operative society has
established before the commencement of this act or establishes after the
commencement of this Act a branch or place of business in a Province other than
that in which it is actually registered, it shall, within six months from the
commencement of this act or the date of establishment of the branch or place of
business, as the case may be, furnish the Registrar of co-operative Societies
of the Province in which such branch or place of business is situated a copy of
its registered bye-laws, and shall at any time it is required to do so by the
said Registrar submit any returns and supply and information which the said
Registrar might require to be submitted or supplied to him by a co-operative
society actually registered in that Province.
(3) The Registrar of Co-operative Societies of
the province in which a branch or place of business such as is referred to in
sub-section (2) is situated may exercise in respect of that branch or
place of business any powers of audit and of inspection which he might exercise
in respect of a co-operative society actually registered in the province.
3. Co-operative societies to
which this Act applies registered after commencement of this Act. (1) A
society which might, if its objects where confined to one province, be
registered as a co-operative society in any Province, shall, notwithstanding
that its objects are not confined to the province in which its principal place
of business is to be situated, be deemed for the purposes of registration as a
co-operative society to be situated wholly in that province, and may be
registered by the Registrar of Co-operative Societies of that Province in
Accordance with the law relating to co-operative societies for the time being
in force n that province, and if so registered shall be deemed in any other
province to which its objects extend to be duly registered in that other
province under the law there in force relating to co-operative societies but
shall, save as provided in sub-section (2) and (3) be subject for all the
purposes of registration, control and dissolution to the law relating to
co-operative societies in force for the time being in the Province in which it
is actually registered.
(2) Where any such co-operative society
establishes a branch or place of business in a province other than that in which
it is actually registered, it shall within six months from the date of
establishment of the branch or place of business furnish to the Registrar of
co-operative Societies of the province in which such branch or place of
business is situated a copy of its registered bye-laws, and shall to any time
it is required to do so by the said Registrar submit any returns and supply any
information which the said Registrar might require to be submitted or supplied
to him by a co-operative society actually registered in that Province.
(3) The Registrar of co-operative Societies of
the province in which a branch or place of business such as is referred to in
sub-section(2) is situated may exercise in respect of that branch or place of
business any powers of audit and of inspection which he might exercise in
respect of a co-operative society actually registered in that province.
4. Appointment and power of
Central Registrar of Co-operative Societies. (1) The Central Government
may, if it thinks fit, appoint a central Registrar of Co-operative Societies.
(2) The Central Registrar of co-operative
Societies, if appointed, shall exercise in respect of any co-operative society
to which this Act applies, to the exclusion of Provincial Registrars, the
Powers and functions exercisable by the Registrar of co-operative Societies of
the Province in which such society is actually registered.
5. Penalty for failure to
furnish information required under this Act. If any co-operative
society fails to furnish the information which it is required to furnish by or
under sub-section (2) of section 2 or sub-section(2) of section 3, or to submit
any return required to be submitted under either of those sub-sections, the
society, and any officer or member of the society responsible for the failure,
shall each be liable to fine which may extend to fifty rupees, and the
registration of the society may, at the discretion of the Registrar of
Co-operative Societies of the province in which the society is actually
registered, be cancelled.
6.
Power of
central Government to make rules.
The Central Government may, by notification in the official Gazette, make rules
for carrying into effect the provisions of this Act.
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