Section 43 of MCS ACT 1960 : Restrictions on borrowings 43.Restrictions on borrowings (1) A society shall receive deposits and loans from members and other persons, only to such extent, and under... Continue Reading Share This: Facebook Twitter Google+
Section 42 of MCS ACT 1960 : Power to exempt from taxation 42.Power to exempt from taxation (1) The State Government by notification in the Official Gazette may, in the case of any society or class... Continue Reading Share This: Facebook Twitter Google+
Section 41 of MCS ACT 1960 : Exemption from compulsory registration of instruments relating to shares and debentures of society. 41.Exemption from compulsory registration of instruments relating to shares and debentures of society. Nothing in clauses (b) and (c) o... Continue Reading Share This: Facebook Twitter Google+
Section 40 of MCS ACT 1960 : Admissibility of Copy of entry as evidence 40.Admissibility of Copy of entry as evidence (1) A copy of any entry in any book, register or list, regularly kept in the course of busines... Continue Reading Share This: Facebook Twitter Google+
Section 39 of MCS ACT 1960 : Copy of Act, etc., to be open to Inspection 39.Copy of Act, etc., to be open to Inspection Every society shall keep, at the registered address of the society, a copy of this Act and t... Continue Reading Share This: Facebook Twitter Google+
Section 38 of MCS ACT 1960 : Register of Members 38. Register of Members (1) Every society shall keep a register of its members, and enter therein the following particulars, that is to say,... Continue Reading Share This: Facebook Twitter Google+
Section 37 of MCS ACT 1960 : Address of Societies 37. Address of Societies Every society shall have an address, registered in accordance with the rules, to which all notices and communicatio... Continue Reading Share This: Facebook Twitter Google+
Section 36 of MCS ACT 1960 : Societies to be bodies corporate 36.Societies to be bodies corporate The registration of a society shall render it a body corporate by the name under which it is registered,... Continue Reading Share This: Facebook Twitter Google+
Section 35 of MCS ACT 1960 : Expulsion of Members 35.Expulsion of Members (1) A society may, by resolution passed 1[ by a majority of not less than three-fourths] of the members entitled to... Continue Reading Share This: Facebook Twitter Google+
Section 34 of MCS ACT 1960 : Insolvency of Members 34.Insolvency of Members Notwithstanding anything contained in the Presidency-towns Insolvency Act, 1909, the Provincial Insolvency Act, 192... Continue Reading Share This: Facebook Twitter Google+