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1961 : Mah. XXIV] Maharashtra Co-operative Societies Act, 1960 (i) THE MAHARASHTRA CO-OPERATIVE SOCIETIES ACT, 1960 CONTENTS PREAMBLE. SECTIONS. CHAPTER I PRELIMINARY 1. Short title, extent and commencement. . . . . 2. Definitions. . . . . CHAPTER II REGISTRATION 3. Registrar and his subordinates. . . . . 3A. Temporary vacancies. . . . . 4.
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(1) This Act may be called the Maharashtra Co-operative Societies Act, 1960. (2) It extends to the whole of the State of Maharashtra. (3) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint. (2) Definitions - in this Act, unless the content otherwise requires, --
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[Maharashtra Act No. XXIV OF 1961] The Maharashtra Co-Operative Societies Act I960. An Act to consolidate and amend the law relating to co-operative societies in the State of Maharashtra. WHEREAS, with a view to providing for the orderly development of the co-operative movement in the
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Find the full text of the Maharashtra Co-operative Societies Act 1960, which regulates the formation and functioning of co-operative societies in the state of Maharashtra. Browse the act details, sections, schedule, annexure, appendix and forms.
- Introduction
- History of Co-Operative Societies in Maharashtra
- Growth of Co-Operative Movement in Maharashtra
- Types of Co-Operative Societies in Maharashtra
- The Framework of The Act
- Problems of Co-Operatives in Maharashtra and Their Remedial Measures
- Amendment of Maharashtra Co-Operative Societies Act, 1960
- Impact of The Act
- Conclusion
- References
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Co-operative Societies can be defined as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. India is an agricultural country that has built the groundwork for the world’s largest co-operative movement. The...
The co-operative movement in India began in 1904 with the passage of the first co-operative law in India due to the exploitation of money lenders. The Maharashtra anti-capitalist movement was founded by disgruntled farmers. This movement began in 1875, and the principal hotspots of disturbance were in South India, Pune and Ahmednagar. Maharashtra h...
The development of the co-operative movement in Maharashtra, as well as the supportive measures that have been put in place to encourage and govern it from time to time, has been distinguished by certain well-defined stages of evolution. These stages may be classified into six stages, as follows: This is marked with the Deccan Agriculturists’ Relie...
The objects of a society are used to classify it. The Act under which it is registered allows for the formation of numerous sorts of societies. The following types of Societies can be registered under the Maharashtra Co-operative Societies Act, 1960:
Co-operatives in Maharashtra are controlled by the Maharashtra Co-operative Societies Act 1960, which is supplemented by the Maharashtra Co-operative Societies Rules, 1961. The legal structure of Maharashtra’s registered co-operatives is intricate. Furthermore, each co-operative should have its own bylaws, which serve as the guiding principles of t...
REMEDY: Co-operatives will need to look into non-traditional routes for generating the funds needed to modernise their operations and satisfy their working capital needs. Two such options are the issuance of non-voting shares and borrowing from financial institutions and the general public. There is also a need for revisions in co-operative law to ...
Following the 97th Amendment to the Indian Constitution, states were mandated to revise their respective co-operative legislation within one year of the amendment to the constitution. On February 13, 2013, the Maharashtra government enacted an Ordinance amending the Maharashtra Co-operative Societies Act, 1960. The modifications went into effect fr...
The co-operative movement in our nation will not only survive but will also thrive in the future. These societies have favourably contributed to the country’s economic development and prosperity. Co-operatives provide over 60% of Maharashtra’s GDP. Depending on the items with which they are created, there are almost 54 different sorts of co-operati...
A co-operative is a system of thought, emotions, and action shared by a group of people in comparable situations that are founded on mutuality and provide all of its members with an aim and a code of conduct. The movement has played an important role in the state’s social and economic growth, particularly in rural regions. The co-operative movement...
Learn about the history, types, framework, and problems of co-operative societies in Maharashtra under the Act of 1960. The article also covers the amendment, impact, and conclusion of the Act.
The web page provides the full text of the Maharashtra Co-Operative Societies Act, 1960, which consolidates and amends the law relating to co-operative societies in the state of Maharashtra. It also includes the legislative history, definitions, and chapters of the act.
Find the full text, introduction and table of content of the MCS Act, which consolidates and amends the law relating to co-operative societies in Maharashtra. Search for related terms, topics and sections on the web page.
