(1) Subject to the provisions of this Act and the rules, a cooperative society established with the object of promoting the common interests of its members in accordance with co-operative principles and facilitating the operation of such co-operative society (including a cooperative society formed by division of an existing co-operative society or by amalgamation of two or more existing co-operative societies) may be registered under this Act with limited liability:
Appointment of Registrar and of persons to assist him.
Conferment of powers and duties of Registrar on other persons.
Co-operative societies which may be registered.
316 The West Bengal Co-operative Societies Act, 1983.
XLV of 1983.]
(Chapter IL—Registration.--Section 12.)
Provided that a co-operative society with unlimited liability functioning immediately before the commencement of this Act may continue to function as such or may convert itself into a co-opeMtive society with limited liability within such time and in such manner as may be prescribed:
Provided further that a co-operative society registered under this Act may, subject to the provisions of this Act and the rules, by amendment of its by-laws, change the form, or the extent, of its liability.
(2) The word "Limited" shall be the last word in the name of a cooperative society registered under this Act.