(1) All apex societies, district co-operative unions, co-operative societies having their areas of operation extending over more than one district, and other class or classes of co-operative societies, as may be prescribed, shall be required to be affiliated to the State Co-operative Union within such time, in such manner and on payment of such fees, as may be prescribed.
(2) All co-operative societies, other than those specified in subsection (1), shall be required to be affiliated to the respective district cooperative union within such time, in such manner and on payment of such fees, as may be prescribed.
(3) The affiliation referred to in sub-section (1) and sub-section (2) shall initially be for a period of two years and is renewable for such period, in such manerand on payment of such fees, as may be prescribed.
Affiliation to State and district co-operative unions.
177 The West Bengal Co-operative Societies Act, 1973.
[West Ben. Act (Chapter IV.—Duties and obligations of co-operative societies.—Sections 31-34.)
Publication of annual balancesheet.
Restrictions on borrowing.
Power of State Government to guarantee principal and interest on debentures.
Issue of guaranteed debentures.
31. The balance-sheet authenticated by the audit officer shall be annually published by every co-operative society in the prescribed manner.
32. A co-operative society shall receive deposits and loans from persons who are not members, only to such extent and under such conditions as may be prescribed by the rules or by-laws, and shall, in respect of such deposits or loans, make such provision for the maintenance of fluid resource, as may be prescribed.