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THE MULTI-UNIT CO-OPERATIVE
SOCIETIES ACT, 1942.
(Act VI of 1942).
CONTENTS
SECTIONS.
1. Short title, extent and application.
2. Co-operative societies to which this
Act applies registered before commencement of this
Act.
3. Co-operative societies to which this
Act, applies registered after commencement of this
Act.
3-A. Co-operative societies to which this Act,
applies registered in the Federal Capital.
4. Appointment and powers of Central
Registrar of Co-operative Societies.
5. Penalty for failure to furnish
information required under this Act.
6. Power of Central Government to make
rules .
The
MULTI-UNIT CO-OPERATIVE SOCIETIES
ACT, 1942.
(ACT 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:—
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1. (1)
This Act may be called the Multi-unit Co-operative Societies Act, 1942.
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Short title, extent
and application.
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[(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 in force in any Province, and to all
co-operative societies with objects not confined to one Province to be
incorporated after the commencement of this Act.
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2. (1)
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 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-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.
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Co-operative societies
to which this Act applies registered before commencement of this Act.
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(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 any information which the said Register 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.
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3. (1)
A society which might, if its objects were confined to one Province, be
registered as a co-operative society in any Province under the law relating
to co-operative societies in force in that 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 cooperative 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 in 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-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.
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Co-operative societies
to which this Act, applies registered after commencement of this Act.
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(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 at 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 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.
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[3-A. (1) A society which might, if its objects
were confined to the Federal Capital, be registered as a co-operative
society in the Federal Capital under the law relating to co-operative societies
in force therein, shall, notwithstanding that its objects are not confined to
the Federal Capital, be deemed for the purpose of registration as a
co-operative society to be situated wholly in the Federal Capital, and may be
registered, in accordance with the law relating to co-operative societies for
the time being in force in the Federal Capital by the Registrar of
Co-operative Societies of the Federal Capital appointed by the Federal
Government, and if so registered shall be deemed in any Province to which its
objects extend to be duly registered in that 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 cooperative societies in
force for the time being in the Federal Capital, reference in that law to
"Registrar" being construed as a reference to the said Registrar of
Co-operative Societies appointed by the Federal Government.
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Co-operative societies
to which this Act, applies registered in the Federal Capital.
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(2) Where any such co-operative
society establishes a branch or place of business in any Province, 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 at 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],
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4. (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.
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Appointment and powers
of Central Registrar of Cooperative Societies.
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5. 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.
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Penalty for failure to
furnish information required under this Act.
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6. The
Central Government may, by notification in the Official Gazette, make rules
for currying into effect the provisions of this Act.
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Power of Central
Government to make rules.
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.
For
Statement of Objects and- Reasons, see Gazette of India 1942, Pt. V,
P. 17.
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