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Section 15: Cancellation of registration certificate of Co-operative Societies in certain cases.

The Jammu and Kashmir Co-Operative Societies Act, 1989Union territory Act of Jammu and Kashmir · Act 10 of 1989

(1) Where the whole of the assets and liabilities of a Cooperative Society are transferred to another Co-operative Society in accordance with provisions of section 14 the registration of the first mentioned Cooperative Society, shall stand cancelled and the Society shall be deemed to have been dissolved and shall cease to exist as corporate body.

(2) Where two or more Co-operative Societies are amalgamated into a new Co-operative Society in accordance with the provisions of section 14, the registration of each of the amalgamating Societies shall stand cancelled on the registration of the new Society and each Society shall be deemed to have dissolved and shall cease to exist as a corporate body.br

(3) Where a Co-operative Society divides itself into two or more Cooperative Societies in accordance with the provisions of section 14, the registration of that Society shall stand cancelled on the registration of the new Societies, and that Society shall be deemed to have been dissolved and shall cease to exist as a corporate body.br

[(4) A Co-operative Credit Structure Society shall have the freedom of entry and exit at any tier without mandatory restrictions of geographical boundaries for its operation :br

Provided that freedom shall be availed only after the outstanding amount, if any, existing against its name in the books of Federal Co-operative Society has been liquidated in fullic9653.

Where this provision sits

ActThe Jammu and Kashmir Co-Operative Societies Act, 1989
Section15
Marginal noteCancellation of registration certificate of Co-operative Societies in certain cases.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • added, Act No. X of 2010. . Added by Act No. X of 2010, s. 8.

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