Skip to Main Content
 
 

Title_of_text

The Cooperatives Societies Ordinance. No. 1 of 1985.

Main Region

First Region

Bangladesh
Cooperatives
1984-12-31
National
Regulation, Decree, Ordinance

Second Region

This ordinance, repealing the Society Act of 1940, regulates the settlement and management of cooperatives. It sets forth the procedure and criteria for registration. The management of cooperative societies shall vest in a managing committee whose members are elected by the General Assembly. Restricts the possibility for cooperatives to receive deposits and loans from persons who are not members of cooperatives. Provides for the privileges of cooperatives societies as for example the possibility to change their form and liability. Other provisions cover the property and funds of cooperative societies, distribution of profits, privileges, liabilities and obligations of members of cooperative societies, audit, inspection and inquiry, settlement of disputes, winding up and dissolution of cooperative societies. An entire chapter deals with special provisionss for cooperative land mortgage banks, central societies and national societies. Provisions are made for the enforcement of obligations and the recovery of sums due. Regulates jurisdiction and appeal, offences, penalties and procedure.

Entry dates region

    Date of entry into force
    1985-01-14
    --

Serial region

    Serial title
    Printed separately
    Date
    1985-01-15
    Page range
    50 p.