Maharashtra Co-operative Societies Act, 1960

The Maharashtra Co-operative Societies Act, 1960

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	196124
Act Number:	24
Enactment Date:	1961-05-09
Act Year:	1961
Short Title:	The Maharashtra Co-operative Societies Act, 1960
Long Title:	An Act to consolidate and amend the law relating to co-operative societies in the State of Maharashtra.
Ministry:	Ministry of Govt of Maharashtra
Department:	Co-operation, Marketing and Textiles Department
Type:	STATE
Location:	Maharashtra

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The Maharashtra Co-operative Societies Act, 1960

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Section 1. Short title, extent and commencement.
Section 2. Definitions.
Section 3. Registrar and his subordinates.
Section 3A. Temporary vacancies.
Section 4. Societies which may be registered.
Section 5. Registration with limited or unlimited liability.
Section 6. Conditions of registration.
Section 7. Power to exempt societies or class of societies from conditions as to registration.
Section 8. Application for registration.
Section 9. Registration.
Section 10. Evidence of registration.
Section 11. Power of Registrar to decide certain questions.
Section 12. Classification of societies.
Section 13. Amendment of by-laws of society.
Section 14. Power to direct amendment of by-laws.
Section 15. Change of name.
Section 16. Change of liability.
Section 17. Amalgamation, transfer, division or conversion of societies.
Section 18. Power to direct amalgamation, division and reorganisation in the public interest of members, etc.
Section 18A. Amalgamation of Co-operative banks.
Section 18B. Amalgamation of primary agricultural credit societies.
Section 18C. Reorganisation of societies on account of alteration of limits of local areas in which they operate.
Section 19. Reconstruction of societies.
Section 20. Partnership of societies.
Section 20A. Collaboration by societies.
Section 21. Cancellation of registration.
Section 21A. De-registration of societies.
Section 22. Person who may become member.
Section 23. Open membership.
Section 24. Nominal and associate member.
Section 24A. Co-operative education and training to members, etc.
Section 25. Cessation of membership.
Section 25A. Removal of names of members from membership register.
Section 26. Rights and duties of members.
Section 27. Voting powers of members.
Section 28. Restrictions on holding of shares.
Section 29. Restrictions on transfer or charge of share or interest.
Section 30. Transfer of interest on death of member.
Section 31. Share or interest not liable to attachment.
Section 32. Rights of members to see books, etc.
Section 32A. Certain societies to give pass books to members and entries in such book evidence of amount due.
Section 33. Liability of past member and estate of deceased member.
Section 34. Insolvency of members.
Section 35. Expulsion of members.
Section 36. Societies to be bodies corporate.
Section 37. Address of societies.
Section 38. Register of members.
Section 39. Copy of Act, etc., to be open to inspection.
Section 40. Admissibility of copy of entry as evidence.
Section 41. Exemption from compulsory registration of instruments relating to shares and debentures of society.
Section 42. Power to exempt from taxation; power to refund.
Section 43. Restrictions on borrowings.
Section 44. Regulation of loan making policy.
Section 44A. Limit on interest in certain cases.
Section 45. Restrictions on other transactions with non-members.
Section 46. Charge and set-off in respect of share or interest of member.
Section 47. Prior claim of society.
Section 48. Charge on immovable property of members borrowing from certain societies.
Section 48A. Deduction from sale price of certain agricultural produce to meet society's dues.
Section 49. Deduction from salary to meet society's claim in certain cases.
Section 50. Direct partnership of State Government in societies.
Section 51. Indirect partnership of State Government in societies.
Section 52. Principal State Partnership Fund.

Year	Description	Hindi Description
11-09-2014	Maharashtra Co-operative Societies ( Election to committee) Rules 2014
11-09-2014	Maharashtra Co-operative Societies ( Election to committee) Rules 2014 marathi
06-08-2018	Maharashtra Co-operative societies (Election to committee) (Amendment)rule 2014 under MCS Act 1960
06-04-2021	maharashtra cooparative society (committee election 2014) (Amendment)rule 2014 under MCS Act 1960
03-08-2021	Maharashtra Co-operative societies (Election to committee) (Amendment)rule 2021 under MCS Act 1960
11-10-2024	Regarding inviting objections and suggestions pursuant to insertion of Rule 53-A and Rule 53-B in the Maharashtra Co-operative Societies Rules, 1961.	महाराष्ट्र सहकारी संस्था नियम, 1961 मध्ये नियम 53-अ, व नियम 53-ब समाविष्ट करण्याच्या अनुषंगाने हरकती व सुचना मागविणेबाबत.
11-10-2024	Regarding the conferment of powers by Section 3 of the Maharashtra Co-operative Societies Act, 1960.	Regarding the conferment of powers by Section 3 of the Maharashtra Co-operative Societies Act, 1960.
23-04-2025	These rules may be called the Maharashtra Co-operative Societies (Amendment) Rules, 2025.	सदर नियमांंना महाराष्ट्र सहकारी संंस्थाा (सुुधाारणाा ) नियम, २०२५,

Year	Description	Hindi Description
16-09-2014	n exercise of the powers conferred by sub-section (1) of section 31 of the Maharashtra Moneylenders (Regulation) Act, 2014 and all other powers enabling in this regard, the maximum rate of interest to be charged by the moneylender for each of the said types of loans.
06-04-2016	Experience and qualification of representative of the employee
06-04-2016	Regarding amendment of Section 73AA of the Maharashtra Co-operative Societies Act, 1960.
11-11-2016	Regarding amendment of Rule 74 of the Maharashtra Co-operative Societies (Election of Committee) Rules, 2014.
06-08-2018	Regarding the amendment of various rules in the Maharashtra Co-operative Societies (Election of Committee) Rules, 2014.
01-08-2019	Regarding amendment of sub-section (2) of section 73 of the Maharashtra Co-operative Societies Act, 1960 (40 of 1961).
11-09-2019	In exercise of the powers conferred by Section 144-25A and Sections 144-26A and 144-27A of the Maharashtra Co-operative Societies Act, 1960 (Sc. 24 of 1961) for the purposes of the Act
04-08-2021	Regarding notification of Maharashtra Rajya Sahakari Patsanstha Federation Ltd. Mumbai as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
04-08-2021	Regarding notification of Maharashtra Rajya Bigar Krushi Sahakari Patsanstha Federation Ltd. Mumbai as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
07-09-2021	Cooperative Federation of Dond Taluka Cooperative Credit Societies by the Government of Maharashtra. h Daund District Pune regarding notification of the federal body under Section 156 of the Maharashtra Co-operative Societies Act, 1960 for the following purposes.
25-10-2021	Regarding amendment of Rule 5 of the Maharashtra State Cooperative Election Authority (Conditions of Service of Commissioners) Rules, 2014.
02-02-2022	Regarding notification of The Karad Urban Co-operative Bank Ltd., Karad as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
17-02-2022	Regarding amendment of Rule 74 of the Maharashtra Co-operative Societies (Election of Committee) Rules, 2014	null
24-05-2022	Regarding notification of The National Institute of Post Harvest Technology (MSAMB) (NIPHT), survey No.398-400, Near CRPF Camp, Talegaon-Dhabade, Talula-Mavakm District-Pune as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
06-07-2022	Regarding amendment of section 28 of the Maharashtra Co-operative Societies Act, 1960.
04-01-2023	The amendment of rule 4 and 77 of the Maharashtra Cooperative Societies (Committee Election Rules, 2014
17-05-2023	Regarding notification of Maharashtra Urban Co-operative Bank’s Federation Ltd. Mumbai as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
17-01-2024	Regarding notification of The Marathwada Urban Banks Co-op. Association Ltd.Chhatrapati Sambhajinagar Dist.Chhatrapati Sambhajinagar as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
17-01-2024	Regarding notification of The Pune Districts Urban Co-operative Credit Societies Federation Limited Pune District pune as a State Apex Training Institute as per Section 24-A of the Maharashtra Co-operative Societies Act, 1960.
24-04-2024	For the purpose of clause (b) of that section, in the case of Urban/Rural Non-Agricultural Co-operative Credit Societies and Salaried Co-operative Credit Societies, specifying an amount not exceeding five lakh rupees

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
06-04-2016	third proviso to sub section 2 of section 73AAA in MCS Act 1960
14-03-2017	clause (ii) of third proviso to sub-section (2) of section 73 AAA of the Maharashtra Co-operative Societies Act, 1960
21-08-2019	under section 156 in MCS Act in 1960
21-08-2019	under section 101 in MCS Act 1960