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Section 40: Exemption from compulsory registration of instruments.

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

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

(a) any instrument relating to shares in a co-operative society, notwithstanding that the assets of society consist in whole or in part of immovable property ; or

(b) 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 to the security afforded by a registered instrument where by 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 holder of such debentures ; or

(c) any endorsement upon or transfer of any debentures issued by any such society.

Where this provision sits

ActThe Jammu and Kashmir Co-Operative Societies Act, 1989
Section40
Marginal noteExemption from compulsory registration of instruments.
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.

  • substituted. . Substituted for “the Jammu and Kashmir Registration Act, Samvat 1977” by S.O. 3466 (E) dated 05.10.2020.

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