The Ordinance consists of 58 sections divided into 11 Parts: Preliminary (I); Registration (II); Duties and privileges of societies (III); Rights and liabilities of members (IV); Property and funds of registered societies (V); Audits, inspection and inquiry (VI); Dissolution (VII); Surcharge and attachment (VIII); Disputes (IX); Rules (X); Miscellaneous (XI). A Registrar of Cooperative Societies shall be appointed by the Minister under section 3. Sections 4 and 5 prescribe which societies may be registered. Section 21 concerns the qualification for membership of a cooperative society. The Registrar may on its own initiative or on application of the governing committee of a society inquire regarding constitution, operation, and working and financial conditions of a registered society and inspect the books (sect. 37). Disputes among members, between members and societies, and between registered societies shall be referred to the Registrar for decision (sect. 50). The Registrar may decide by himself or appoint an arbitrator or arbitrators.
Granada · 1957-08-24