(1) Where it comes to the notice of the Government that a cooperative society which has been registered or deemed to be registered under sub-section (3) of section 6 does not fulfill the requirements or registration as mentioned in sub-section (1) of section 6, the Government shall give a notice of fourteen days to the society to show cause as to why the registration of the society should not be cancelled.
(2) The Government may also call the relevant record and other information, as may be necessary, from the Registrar.
(3) If the society does not reply to the notice of the Government, or the Government is satisfied, after considering the reply of the society and after examining the record and other information, if any, received 9 from the Registrar, that the society which has been deemed to have been registered does not fulfill the necessary requirements of registration as laid down in sub-section (1) of section 6, the Government shall direct the Registrar to cancel the registration of the society forthwith.
(4) On receiving the directions of the Government under subrule (3) above, the Registrar shall cancel the registration certificate of the society immediately and therewith the society shall cease to exist as a corporate body.
8. Classification, sub-classification and minimum share capital required at the time of registration -
(1) The minimum share capital required for registration of a cooperative society shall be as mentioned in table below against each class or sub-class of society.
S.
No.
Class Sub-class Examples of societies falling in the class or sub-class, as the case may be.
Minimum share capital required at the time of registration.
(Rs. in lakh) 1 2 3 4 5 1 Agricultural Marketing society
(a) Federation Having jurisdiction over the whole of the State of Rajasthan
25.00
(b) Fruit and vegetable produce and marketing
2.00
(c) All other purchase and sale unions and marketing societies of agricultural produce
1.00 10 S.
No.
Class Sub-class Examples of societies falling in the class or sub-class, as the case may be.
Minimum share capital required at the time of registration.
(Rs. in lakh) 1 2 3 4 5 2 Consumers Societies
(a) Federations Having jurisdiction over the whole of the State of Rajasthan
25.00
(b) Central Wholesale Bhandar 2.00
(c) Primary Primary Bhandar 0.50 3 Co-operative Bank
(a) Apex Bank 2[Apex society which is the federal body of the Central Co-operative Banks in the State and is engaged in the business of banking.]
500.00
(b) Central Bank [Central Society which has primary agricultural credit societies as its members and is engaged in the business of banking]
50.00
(c) Other Banks (i) Urban Banks 200.00
(ii) Land Development Banks
25.00
(iii) Salary Earners Societies
2.00 4 Farming Society
(a) Collective Farming Society Farming Societies where ownership is vested in the Society as per by laws 2 Substituted by Notification No. F. 12 (1) Coop/2011 dated 14.9.2011, pub. in Raj. Gazette E.O. Part 4
(x) (I) dated 19.9.2011, with immediate effect.
11 S.
No.
Class Sub-class Examples of societies falling in the class or sub-class, as the case may be.
Minimum share capital required at the time of registration.
(Rs. in lakh) 1 2 3 4 5
(b) Joint Farming Society Societies where is ownership is retained by members.
as per bylaws 5 Housing Society
(a) Tenant Ownership Housing Society Housing Societies where land is held either on leasehold or free-hold basis by societies and houses are owned or are to be owned by members.
as per by laws
(b) Tenant Copartnership Housing Society Housing Societies which hold both land and building either on leasehold or freehold basis and allot them to their members.
as per by laws
(c) Other Housing Societies House Mortgage Societies and House Construction Societies.
as per by laws 6 Processing Society
(a) Agriculture Processing Society Societies, which process Agricultural produce like Co-operative Sugar Factories and Oil mills.
as per by laws
(b) Industrial Processing Society Wool Processing and Tanners' Societies, Spinning Societies.
as per by laws 7 Producers' society
(a) Industrial Producers' Society Weavers' and Carpenters' Societies.
0.25
(b) Labourers' Forest Labourers' Societies 0.05 12 S.
No.
Class Sub-class Examples of societies falling in the class or sub-class, as the case may be.
Minimum share capital required at the time of registration.
(Rs. in lakh) 1 2 3 4 5 Industrial Society and Labour Contract Societies.
(c) Agriculture Producers' Society Cattle Breeding, Dairy and Poultry Societies
0.10 8 Resource Society
(a) Credit Resource Society Employees Credit and Thrift Societies
0.50
(b) Non-Credit Resource Society Seeds and implements and Agricultural Requisites Societies Service Cooperatives
1.00
(c) Service Cooperative Society Multipurpose Co-operatives and Agricultural Credit Societies.
1.00 9 Women Cooperative Societies
(a) Federation Having jurisdiction over the whole of the State of Rajasthan
5.00
(b) Central Women multi-purpose Central Society
1.00
(c) Primary Women multi-purpose Society
0.05 10 General Society
(a) Social Better Living Societies and Education Societies
0.50
(b) Commercial Insurance and Motor Rickshaw Puller Transport as per by laws 13 S.
No.
Class Sub-class Examples of societies falling in the class or sub-class, as the case may be.
Minimum share capital required at the time of registration.
(Rs. in lakh) 1 2 3 4 5 Societies
(c) Others Not falling either of the above sub-clauses.
as per by laws