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The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)
Section 9

1Short title,extent and commencement
2Definitions
3The Registrar
4Co-operative Societies which may be registered
5Age, qualification of a member
6Conditions of registration
7Restrictions on acquisition of Share in a Cooperative Society
8Power of Registrar to decide certain questions
9Liability
10Application for Registration
11Registration
12Evidence of registration
13Amendment of the Bye-laws of a registered cooperative society
14Power of Registrar or affiliating cooperative society to direct amendment of bye-laws or adoption of rules of procedure
15Division and amalgamation of co-operative societies
16Members not to exercise rights till due payment made and conditions fulfilled
17Vote of members
18Loan to be utilized for the purpose for which advanced
19Restriction on transfer of share or interest
20Liability of past member and his estate
21Share or interest not liable to attachment
22Nomination of transferee
23Transfer of interest on death of members
24Disposal of Shares or interest of ceased members
25Liability of members on winding up of Co-operative Society with limited Liability
26Restriction on Transfer of Possession of Land held Under a Cooperative Society
27Right of a registered Cooperative Society to pay prior Debts of a mortgagor
28Restriction on Mortgaged Property
29Bar to certain claim
30General Assembly
31Annual Meeting of General Assembly
32Special Meeting of the General Assembly
33Administrative Council
34Power to depute Government servant to manage the affairs of a Cooperative Society
35Dissolution or reconstruction of Board of Directors , the Administrative Council, Managing Body or any Committee of a Co-operative Society
36Dissolution of the Board of Directors / Administrative Council, Managing Body and appointment of persons to manage the affairs of a Cooperative Society
37Tenure of office of the person appointed under section 36
38Powers of person appointed under section 36
39Address of Cooperative society
40Prescription and inspection of documents
41Borrowing subject to approval of the Registrar
42Participation of members in the affairs of the Cooperative Society
43Training or Education of members of Cooperative Society
44Power of Government to give financial assistance
45Restrictions on loans
46Cooperative Society and office bearers to submit Returns or informations and produce documents
47Prior Claim of a Cooperative Society
48Charge and set off in respect of shares or interest of members
49Deduction of dues from salary
50Exemption from compulsory registration and personal attendance from registration of instruments
51Power to remit certain duties, fees etc
52Investment of Funds
53Reserve Fund
54Distribution of Net Profit
55Audit of Accounts of Cooperative societies
56Power of the Registrar to have the Accounts written up
57Nature of Audit
58Audit Report
59Audit report
60Rectification of defects
61Inquiry by Registrar
62Inspection of a Cooperative Society
63Cost of Inquiry, Inspection and Recovery of costs
64Reference of dispute
65Settlement of dispute
66Cancellation of Registration
67Winding up
68Distribution of fund of a dissolved Cooperative Society
69Liquidator to deposit the books and submit a final report
70Bar of Suit
71Insured Cooperative Banks
72Power of Registrar to direct payment of dues
73Charge and surcharge
74Prohibition of the use of the word “Co operative”
75Punishment for false return , false information, disobeying summons order etc
76Punishment for disposing property in contravention of section 47
77Penalty for certain misdemeanors
78Power to enforce performance of obligation
79Cognizance of offences
80Indemnity
81Bar to Jurisdiction of courts
82Appeal or review
83Power of Attachment of property
84Registrar to be Civil Court for certain purposes
85Recovery of sums due
86Registrar may order a meeting of Creditors
87-110Applicable To Short Term Co-Operative Credit Structure
111Co-operative Society to fee a body Corporate
112Register of members*
113Entries in books of registered co-operative society shall be received as prima facie evidence
114Savings of Existing Cooperative Societies
115Construction of reference to Act II of 1912
116Act VII o f 1913 not to apply
117Acts of co-operative societies etc, not to be invalidated by certain defects
118Power to exempt co-operative societies from provision of the Act
119Rules and bye laws not to be deemed to go beyond the Act
120Power to exempt co-operative societies from conditions as to registration
121Power to order recoupment of expenditures
122Power to seize records of co-operative society
123Power of the Managing body of an affiliating co-operative society to enquire into the affairs of a member cooperative society
124Limitation
125Power to exempt cooperative societies from the operation of the Money Lender Act
126Powers to make rules
127Repeal and Savings

Section 9

The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)Meghalaya

Section 9. Liability

(1) Theo liability of a member of any co-operative society shall be limited.

Cite this provision

Section 9, Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)

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Section 8Power of Registrar to decide certain questions Section 10Application for Registration

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