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MULTI-UNIT CO-OPERATIVE SOCIETIES

ACT, 1942

Act No. VI of 1942

[2nd March, 1942]

An Act to provide for the incorporation, regulation and

winding up of co-operative societies with objects

not confined to one province.

           

WHEREAS it is expedient to provide for the incorporation, regulation and winding up of co-operative societies with objects not confined to one province;

It is hereby enacted as follows:—

 

  1. Short title, extent and application. (1) This Act may be called the Multi-unit Co-operative Societies Act, 1942.

 

(2)      It extends to the whole of Pakistan.

 

(3)      It applies to all co-operative societies with objects not confined to one province incorporated before the commencement of this Act under the co-operative societies Act, 1912, or under any Act relating to co-operative societies with objects not confined to one province to be incorporated after the commencement of this Act.

 

  1. Co-operative societies to which this Act applies registered before commencement of this Act. A co-operative society to which this Act applies which has been registered in any province under the law relating to co-operative societies in force in that province to which its objects extend to be duly registered in that other province under the law there in force relating to co-operative societies, but shall, save as provided in sub-sections (2) and (3), be subject for all the purposes of registration, control and dissolution to the law relating to co-operative societies in force for the time being in the province in which it is actually registered.

 

(2)      Where any such co-operative society has established before the commencement of this act or establishes after the commencement of this Act a branch or place of business in a Province other than that in which it is actually registered, it shall, within six months from the commencement of this act or the date of establishment of the branch or place of business, as the case may be, furnish the Registrar of co-operative Societies of the Province in which such branch or place of business is situated a copy of its registered bye-laws, and shall at any time it is required to do so by the said Registrar submit any returns and supply and information which the said Registrar might require to be submitted or supplied to him by a co-operative society actually registered in that Province.

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