multi state cooperative societies

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No multi-State co-agent social order with unrestricted risk might be enlisted after the beginning of Multi State Cooperative Societies Act:

Gave that where a multi-State co-agent social order with unrestricted obligation was working soon after the beginning of this Act, such a social order should practice the choice inside a time of one year from such initiation either to press on to capacity all things considered or to change over itself into a multi-State co-agent social order with constrained risk by accompanying the system specified in sub-areas

The co-agent social orders, with articles not limited to one state and serving the hobbies of parts in more than one state for social and budgetary enhancement of its parts through self improvement and common support as per the co-agent standards are recognized Multi State Co-agent Society.

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No part of any multi-state agreeable social order or candidate of a part social order on a national helpful social order should be qualified for being picked as, or for being, a part of the leading body of such multi State helpful social order or national helpful social order or of any viable helpful social order to which the multi state agreeable social order is subsidiary. In the event that such part -

A. has been decreed by an able court to be bankrupt or of unsound brain;

B. is concerned or takes part in the benefits of any agreement with the social order;

C. has been indicted for an offence including ethical turpitude;

Despite anything held in any viable law for the present in energy, if any debate (other than a question in regards to disciplinary movement taken by a multi state society agreeable social order against its paid representative or a mechanical debate as described in statement (k) of area 2 of the Industrial Disputes Act, 1947) touching the constitution, administration or business of a multi state helpful social order goes out

a case by a surety against the important account holder where the cooperative society agreeable social order has recuperated from the surety any sum in appreciation of any obligation or request because of it from the central indebted person as a consequence of the default of the main account holder, if such obligation or interest is conceded or not;