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Section 45: Exemption from compulsory registration of instruments

The Himachal Pradesh Cooperative Societies Act, 1968State Act of Himachal Pradesh · Act 3 of 1969

Nothing in clauses (b) and (c) of sub-section (1) of section 17 of the Indian Registration Act, 1908 (16 of 1908), shall apply to-

(1) any instrument relating to share in a society notwithstanding that the assets of the society consist in whole or in part of immovable property; or

(2) any debenture issued by any such society and not creating, declaring, assigning, limiting or extinguishing any right, title or interest to or in immovable property, except in so far as it entitles the holder thereof to the security afforded by registered instrument whereby the society has mortgaged, conveyed or otherwise transferred the whole or part of its immovable property or any interest therein to trustees upon trust for the benefit of the holders of such debentures; or

(3) any endorsement upon or transfer of any debenture issued by any such society.

Where this provision sits

ActThe Himachal Pradesh Cooperative Societies Act, 1968
Section45
Marginal noteExemption from compulsory registration of instruments
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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