This Act provides for the registration, operation and management of co-operative Societies in Jharkhand. The Act empowers the State government to appoint a person to be the Registrar of Co-operative Societies and details out the process of the registration. The Act further provides for the establishment of a managing committee in each society and details out the funding of co-operative societies, rights and liabilities of members audit, inquiry, winding up and dissolution of co-operative societies, insured co-operative banks, offences and penalties; etc. Additionally, the Act contains special provisions for primary agricultural credit society, farmers service society and multi-purpose co-operative society.
India · 2008-01-01