Section 154 of MCS ACT 1960 : Revisionary powers of State Government and Registrar
Section 154 : Revisionary powers of State Government and Registrar (1) The State Government or the Registrar, suo motu or on an application,...
Wednesday, 26 October 2022
Section 153 of MCS ACT 1960 : Extension of period of limitation by appellate authority in certain cases
Section 153 : Extension of period of limitation by appellate authority in certain cases In all cases in which it is provided under this Act ...
Section 152A of MCS ACT 1960 : Appeal against rejection of nomination paper at election
Section 152A : Appeal against rejection of nomination paper at election (1) Notwithstanding anything contained in this Act or rules or the...
Section 152 of MCS ACT 1960 : Appeals
Section 152 : Appeals (1) An appeal against an order or decision 2[under sections 4, 9,11, 12, 13, 14, 17, 18, 19, 21, 21A, 29, 35, 77A, 3[...
Section 151 of MCS ACT 1960 : Co-operative Appellate Court to have power of Civil Court
Section 151 : Co-operative Appellate Court to have power of Civil Court (1) In exercising the functions conferred on it by or under this Act...
Section 150 of MCS ACT 1960 : Review of orders of Co-operative Appellate Court
Section 150 : Review of orders of Co-operative Appellate Court (1) The 4 [Co-operative Appellate Court] may, either on the application of th...
Section 149 of MCS ACT 1960 : Maharashtra State Co- operative Appellate Court
Section 149 : Maharashtra State Co- operative Appellate Court (1) A Court to be called the Maharashtra State Co-operative Appellate Court...
Monday, 24 October 2022
Section 148A of MCS ACT 1960 : Contempt of Co- operative Courts and of Co- operative Appellate Court
Section 148A : Contempt of Co- operative Courts and of Co- operative Appellate Court (1) If any person,— (a) when ordered by a Co-ope...
Section 148 : Cognizance of offences
Section 148 : Cognizance of offences (1) No court inferior to that of a 8[Metropoliton Magistrate or a Judicial Magistrate of the First Clas...
Section 147 of MCS ACT 1960 : Punishments for offences under section 146
Section 147 : Punishments for offences under section 146 Every society, officer or past officer, member or past member, employee or past emp...
Section 146 of MCS ACT 1960 : Offences
Section 146 : Offences It shall be an offence under this Act, if,— (a) any member of a society transfers any property or interest in prope...
Section 145 of MCS ACT 1960 : Prohibition of use of the word “Co- operative”
Section 145 : Prohibition of use of the word “Co- operative” (1) No person, other than a society registered, or deemed to be registered, und...
Saturday, 22 October 2022
Section 144-31A of MCS ACT 1960 : Power of Registrar to impose penalty
Section 144-31A : Power of Registrar to impose penalty (1) Notwithstanding anything contained in this Act, if a contravention or default of ...
Section 144-30A of MCS ACT 1960 : Accounts and Audit of the Fund
Section 144-30A : Accounts and Audit of the Fund The Secretary of the Regulatory Board shall maintain the accounts of the Stabilization and ...
Section 144-29A of MCS ACT 1960 : Recovery of arrears of contribution, liquidity support or financial assistance
Section 144-29A : Recovery of arrears of contribution, liquidity support or financial assistance If a non-agricultural co-operative credit ...
Section 144-28A of MCS ACT 1960 : Maintenance operation and investment of the Fund
Section 144-28A : Maintenance operation and investment of the Fund (1) The Stabilization and Liquidity Support Fund shall be maintained and ...
Section 144-27A of MCS ACT 1960 : Utilization of the Fund
Section 144-27A : Utilization of the Fund (1) The “ Stabilization and Liquidity Support Fund ” shall be utilized for providing liquidity sup...
Section 144-26A of MCS ACT 1960 : Contribution to the Fund by the Societies
Section 144-26A : Contribution to the Fund by the Societies (1) Every non-agricultural co-operative credit society shall contribute annually...
Section 144-25A of MCS ACT 1960 : Constitution of Stabilization and Liquidity Support Fund
Section 144-25A : Constitution of Stabilization and Liquidity Support Fund The State Government shall, by notification in the Official Gazet...
Section 144-24A of MCS ACT 1960 : Moratorium and or directions to non- agricultural co-operative credit society
Section 144-24A : Moratorium and or directions to non- agricultural co-operative credit society (1) The Registrar shall have power to impose...
Section 144-23A of MCS ACT 1960 : Regulations and guidelines to be binding on non- agricultural co- operative credit societies
Section 144-23A : Regulations and guidelines to be binding on non- agricultural co- operative credit societies (1)The non-agricultural co-op...
Section 144-22A of MCS ACT 1960 : Functions and powers of the Regulatory Board
Section 144-22A : Functions and powers of the Regulatory Board (1) Subject to the provisions of the Act and the rules made thereunder, the R...
Section 144-21A of MCS ACT 1960 : Allowances to non-official members of the Regulatory Board
144-21A : Allowances to non-official members of the Regulatory Board The non-official members of the Regulatory Board shall be paid such all...
Section 144-20A of MCS ACT 1960 : Conduct of business of the Regulatory Board
Section 144-20A : Conduct of business of the Regulatory Board Notice of the meeting of the Regulatory Board, quorum and procedure regarding ...
Section 144-19A of MCS ACT 1960 : Casual vacancies how to be filled in
Section 144-19A : Casual vacancies how to be filled in Casual vacancies in the Regulatory Board shall be filled up as and when they fall va...
Section 144-18A of MCS ACT 1960 : Removal of non-official member
Section 144-18A : Removal of non-official member The State Government may remove a non-official member from office, if the member,— (a) beco...
Section 144-17A of MCS ACT 1960 : Resignation of non-official member
Section 144-17A : Resignation of non-official member A non-official member may resign his office at any time, by writing in his own hand, ad...
Section 144-16A of MCS ACT 1960 : Term of non- official members of the Regulatory Board
Section 144-16A : Term of non- official members of the Regulatory Board Subject to the pleasure of the State Government, the term of the non...
Friday, 21 October 2022
Section 144-15A of MCS ACT 1960 : Secretary to the Regulatory Board
144-15A : Secretary to the Regulatory Board An officer not below the rank of the Deputy Registrar shall be appointed as the Secretary of the...
Section 144-14A of MCS ACT 1960 : Composition of the Regulatory Board
144-14A : Composition of the Regulatory Board The Regulatory Board shall consist of the following members, namely :— (a) The Registrar, who ...
Section 144-13A of MCS ACT 1960 : Maharashtra State Non- Agricultural Co- operative Credit Societies Regulatory Board
Section 144-13A : Maharashtra State Non- Agricultural Co- operative Credit Societies Regulatory Board The State Government shall, as soon as...
Section 144-12A of MCS ACT 1960 : Restrictions on power to remit debt
Section 144-12A : Restrictions on power to remit debt (1) Notwithstanding anything contained in this Act, a non- agricultural co-operative ...
Section 144-11A of MCS ACT 1960 : Restrictions on loans and advances
Section 144-11A : Restrictions on loans and advances (1) The non-agricultural co-operative credit society shall not,— (a)grant any loan...
Section 144-10A of MCS ACT 1960 : Society to maintain statutory liquidity ratio
Section 144-l0A : Society to maintain statutory liquidity ratio The non-agricultural co-operative credit society shall maintain the statutor...
Section 144-9A of MCS ACT 1960 : Society to maintain cash reserve
Section 144-9A : Society to maintain cash reserve The non-agricultural co-operative credit society shall maintain by way of cash reserve wit...
Section 144-8A of MCS ACT 1960 : Limit on administrative and establishment expenses
Section 144-8A : Limit on administrative and establishment expenses The non-agricultural co-operative credit society shall not exceed the li...
Section 144-7A of MCS ACT 1960 : Disposal of property not required for non- agricultural co-operative credit society
Section 144-7A : Disposal of property not required for non- agricultural co-operative credit society Notwithstanding anything contained in s...
Section 144-6A of MCS ACT 1960 : Prohibition on trading
Section 144-6A : Prohibition on trading Notwithstanding anything contained in section 144-4A or in any contract, no non-agricultural co-oper...
Section 144-5A of MCS ACT 1960 : Prohibition on accepting deposit from non-members
Section 144-5A : Prohibition on accepting deposit from non-members Notwithstanding anything contained in any Act, a non- agricultural co-ope...
Section 144-4A of MCS ACT 1960 : Forms of business in which non- agricultural co-operative credit societies may engage.
144-4A : Forms of business in which non- agricultural co-operative credit societies may engage. (1) From the date of commencement of the Mah...
Section 144-3A of MCS ACT 1960 : Definitions
144-3A : Definitions In this Chapter, unless the context otherwise requires,– (a) “non-agricultural co-operative credit society” means a soc...
Section 144-2A of MCS ACT 1960 : Application of Chapter XI-1A to non- agricultural co- operative credit societies
Section 144-2A : Application of Chapter XI-1A to non- agricultural co- operative credit societies (1) Unless the context otherwise requires...
Tuesday, 18 October 2022
Section 110A of MCS ACT 1960 : Order for winding up, reconstruction, suspension or supersession of committee, etc., of insured co-operative bank, not to be made without sanction or requisition of Reserve Bank of India
Section 110A : Order for winding up, reconstruction, suspension or supersession of committee, etc., of insured co-operative bank, not to be ...
Section 110 of MCS ACT 1960 : Disposal of surplus assets
Section 110 :Disposal of surplus assets The surplus assets, as shown in the final report of the Liquidator of a society which has been wound...
Section 109 of MCS ACT 1960 : Termination of liquidation proceedings
Section 109: Termination of liquidation proceedings (1) The winding up proceedings of a society shall be closed 1[as soon as practicable wi...
Section 108 of MCS ACT 1960 : Audit of Liquidator’s accounts
Section 108: Audit of Liquidator’s accounts (1) The Liquidator shall, during his tenure of office, at such times as may be prescribed, but n...
Section 107 of MCS ACT 1960 : Bar of suit in winding up and dissolution matters
Section 107 : Bar of suit in winding up and dissolution matters Save as expressly provided in this Act, no Civil Court shall take cognizanc...
Section 106 of MCS ACT 1960 : Effect of order of winding up
Section 106: Effect of order of winding up After expiry of the period for appeal against the order made under sub-section (1) of section 102...
Section 105 of MCS ACT 1960 : Powers of Liquidator
Section 105: Powers of Liquidator (1) The Liquidator appointed under section 103 shall have power, subject to the rules and the general sup...
Section 104 of MCS ACT 1960 : Appeal against order of winding up
Section 104: Appeal against order of winding up (1) The committee or any member of the society ordered to be wound-up may prefer an appeal ...
Section 103 of MCS ACT 1960 : Appointment of Liquidator
Section 103 : Appointment of Liquidator (1) When an interim order is passed under the last preceding section or a final order is passed unde...
Section 102 of MCS ACT 1960 : Winding up
Section 102.Winding up (1) If the Registrar,— (a)after an inquiry has been held under section 83 or an inspection has been made under s...
Monday, 17 October 2022
Section 101 of MCS ACT 1960 : Recovery of certain sums and arrears due to certain societies as arrears of land revenue
Section 101.Recovery of certain sums and arrears due to certain societies as arrears of land revenue (1) Notwithstanding anything contained...
Section 100 of MCS ACT 1960 : Transfer of property which cannot be sold
100.Transfer of property which cannot be sold (1) When in any execution of an order sought to be executed under section 98, 9[or in the r...
Section 99 of MCS ACT 1960 : Private transfer of property made after issue of certificate void against society
99.Private transfer of property made after issue of certificate void against society Any private transfer or delivery of, or encumbrance ...
Section 98 of MCS ACT 1960 : Money how recovered
98.Money how recovered Every order passed 8[by the Official Assignee of a de-registered society under sub-section (3) of section 21A or ever...
Section 97 of MCS ACT 1960 : Appeal against decision under section 96 and Order under section 95
97.Appeal against decision under section 96 and Order under section 95 Any party aggrieved by any decision of 3[the Co-operative Court] unde...
Section 96 of MCS ACT 1960 : Decision of Co-operative Court
96.Decision of Co-operative Court When a dispute is referred 2[to the Co-operative Court, it may, after giving a reasonable opportunity of b...
Section 95 of MCS ACT 1960 : Attachment before award or order and inter-locutory orders
95.Attachment before award or order and inter-locutory orders (1) Where a dispute has been referred to the Co-operative Court under sectio...
Section 94 of MCS ACT 1960 : Procedure for settlement of disputes and power of Co-operative Court
94.Procedure for settlement of disputes and power of Co-operative Court (1) The Co-operative Court], hearing a dispute under the last preced...
Section 93 of MCS ACT 1960 : Transfer of disputes from one Co- operative Court to another, and suspension of proceedings in certain cases
93.Transfer of disputes from one Co- operative Court to another, and suspension of proceedings in certain cases (1) Where any dispute is re...
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