Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 18] [Entire Act]

State of Rajasthan - Section

Section 2 in Rajasthan Co-operative Societies Act, 2001

2. Definitions.

- In this Act, unless the context otherwise requires.
(a)[ "Apex Co-operative Bank" means an apex society which is the federal body of the Central Co-operative Banks in the State an is engaged in the business of banking:] [Added by Notification No F. 2(15) Vidhi/22010 dated 3-4-201(1 w.e.f. 16-10-2009.]"
(aa)"Apex society" means a society whose core object is to provide facilities for the operation of other societies affiliated to it and whose area of operation ration extends to the whole of the State of Rajasthan;
(b)"Area of operation of a co-operative society" means the geographical area, as specified in the bye-laws, to which the membership and activities of the society are confined in general;
(c)"Bye-laws" means the bye-laws of a society, registered or deemed to be registered under this Act and for the time being in force and includes the registered amendments of such by-laws;
(d)[ "central society" means a society whose area of operation is confined to a part of the State and which has in its main objects the promotion of the core objects of, and the provision of facilities for the operations of, other societies affiliated to it; and at least five members of which are societies themselves:] [Substituted by Rajasthan Act No. 11 of 2016, dated 25.4.2016.]
[Provided that in respect of a short term co-operative credit structure society, restrictions regarding the area of operation shall not be applicable.] [Added by Notification No F. 2(15) Vidhi/22010 dated 3-4-201(1 w.e.f. 16-10-2009.]
(da)[ "Central Co-operative Bank" means a central society which has primary agricultural credit societies as its members and is engaged in the business of Banking;"] [Added by Notification No F. 2(15) Vidhi/22010 dated 3-4-201(1 w.e.f. 16-10-2009.];
(e)"Chief Executive Officer" means a person, by whatever name called. who subject to the superintendence, control and directions of the committee, is entrusted with the management of the society;
(f)"Core objects" in relation to a co-operative society means the main objects of the society for which it is formed: and which form the basis of its classification as per the rules;
(g)"Collector" means the Collector of a district, appointed under section 20 of the Rajasthan Land Revenue Act, (Act No. 15 of 1956);
(h)"Committee" means the governing body of a co-operative society, by whatever name called, to which the management of the affairs of the society is entrusted;
(i)"co-operative society" or "society" means society registered or deemed to be registered under this Act;
(j)"co-operative society with limited liability" means a co-operative society, in which the liability of its members for the debts of the society in the event of its being wound up is limited by its bye-laws.
(i)to the amount, if any unpaid on the shares respectively held by them, and
(ii)to such amount not more than five times the amount of the share capital subscribed by the members, which they may respectively undertake to contribute to the assets of the society;
(k)"co-operative society with unlimited liability" means a co-operative society the member of which are, in the event of its being wound up. jointly and severally liable for. and in respect of. its obligations and to contribute to any deficit in the assets of the society:
(l)"Executive Officer" means an officer, by whatever name called, who is appointed under sub section (2) of Section 29 to assist the Chief Executive Officer in the management of the affairs of a society subject to the superintendence control and directions of the committee:
(m)"family" means a family consisting of a husband and wife, and their dependent children and the widowed mother of the husband, dependent on them:
(n)"Financing bank" means a co-operative society, the main object of which is to lend money to other societies and includes a Land Development Bank:
(o)"Government" means the government of the State of Rajasthan:
(p)"member" means a person joining in, the application for the registration of a cooperative society and a person admitted to membership after such registration in accordance with this Act and the rules and the bye-laws and includes a nominal and an associate member;
(pa)[ "National Bank" means the National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 (Central Act No. 61 of 1981)] [Added by Notification No F. 2(15) Vidhi/2/2010 dated 3-4-2010 w.e.f. 16-10-2009.];
(q)"officer" means the Chairperson, Vice-chairperson. Administrator, Liquidator, or an member of a committee and the Chief Executive Officer, by whatever name called, and includes and other person empowered under the rules and the bye-laws to give directions in regard to the business of a co-operative society;
(qa)[ "primary agricultural credit society" means a co-operative society as defined under clause (cciv) of section 5 of Banking Regulation Act. 1949 (Central Act No. 10 of 1949) and is registered under the Act:;] [Added by Notification No F. 2(15) Vidhi/2/2010 dated 3-4-2010 w.e.f. 16-10-2009.]
(r)[ "Primary Society" means a society which is neither and apex society nor a central society and which is constituted primarily by individuals as members;] [Substituted by Rajasthan Act No. 11 of 2016, dated 25.4.2016.]
(s)"prescribed" means prescribed by the rules made under this Act:
(t)"Registrar" means a person appointed to perform the functions of the Registrar of co-operative societies under this Act, and includes any person appointed to assist the Registrar when exercising all or any of the powers of the Registrar:
(ta)[ "Reserve Bank of India" means the Reserve Bank of India established under section 3 of the Reserve Bank of India Act, 1934 (Central Act No. 2 of 1934);"; and] [Added by Notification No F. 2(15) Vidhi/2/2010 dated 3-4-2010 w.e.f. 16-10-2009.]
(u)"Revenue Appellate Authority" means the officer appointed or designated as such authority under section 20 A of the Rajasthan Land Revenue Act, 1956 (Act No. 15 of 1956);
(v)"rules" means the rules made under this Act;
(w)"special resolution" means a resolution of the general body of a society which has the approval of more than fifty per cent of the members having right to vote and not less than two-third of the members present and voting at the meeting in which it is passed;
(x)"self help group" means a homogeneous group of persons voluntarily formed to save small amounts of their earning and also to raise loans to be lent to its members on terms, as mutually agreed upon;
(xa)[ "short term co-operative credit structure society" means a society engaged in short term co-operative credit business either at the apex level, central level or primary level and includes the Apex Co-operative Bank, a Central Co-operative Bank and a primary agricultural credit society;] [Added by Notification No F. 2(15) Vidhi/2/2010 dated 3-4-2010 w.e.f. 16-10-2009.]
(y)"tribunal" means the tribunal constituted under section 105:
(z)"Weaker section" means such landless agricultural labourers, rural artisans, marginal farmers, small farmers and other economically and socially backward and neglected persons as the State Government may, by order published in the Official Gazette, specify, having regard to the size of their holding, income and the various zone into which the State is divided for the purpose of determining the ceiling limits under the Rajasthan Imposition of Ceiling on Agricultural Holdings Act, 1973 (Act No. 11 of 1973):
(za)"year" means such period of twelve months as may be prescribed for keeping the accounts of a co-operative society.