(a) "Act" shall mean the Assam Co-operative Societies Act, 1949 (Act I of 1950);
(b) Words and expressions used in these Rules shall bear the meanings respectively assigned to them in the Act;
(c) "Section" means a section of the Act;
(d) "Schedule" means the Schedule of forms appended to these Rules.
(e) "Society" means a registered co-operative society registered or deemed to have been registered under the Act and includes a society formed after amalgamation of such two or more societies or by division of such an existing society; a registered co-operative society may be called a "Co-operative";
(f) "Director" means a member of an Administrative Council, managing committee or any managing body of a society, as the case may be, vested with the powers of its management;
(g) "Borrowed capital" means the total of loans, deposits and other borrowings of a co-operative society;
(h) "Owned capital" means the total of paid up share capital and accumulated reserve and other funds created out of profits of a co-operative society;
(i) "Working capital" means the total capital of a co-operative society consisting of borrowed capital and owned capital;
(j) "Record of rights" means record of rights maintained under the Assam Land and Revenue Regulation, 1886;
(k) "Primary Society" means a co-operative society registered under the Act to which no other registered co-operative society is admitted as member, and shall include a Gaon Panchayat Level Multipurpose Co-operative Society;
(l) "Land Development Bank" or "Land Mortgage Bank" means a Co-operative Land Mortgage Bank registered under the Assam Co-operative Societies Act, 1949 and includes any order registered co-operative society notified by the State Government in this behalf.
Chapter II
Registration of Societies
Section 2 • The Assam Co-operative Societies Rules, 1953
2. Definitions.
the-assam-co-operative-societies-rules-1953-1953-sec-2.json
•
Section 2
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"content": "(a) \"Act\" shall mean the Assam Co-operative Societies Act, 1949 (Act I of 1950);\n(b) Words and expressions used in these Rules shall bear the meanings respectively assigned to them in the Act;\n(c) \"Section\" means a section of the Act;\n(d) \"Schedule\" means the Schedule of forms appended to these Rules.\n(e) \"Society\" means a registered co-operative society registered or deemed to have been registered under the Act and includes a society formed after amalgamation of such two or more societies or by division of such an existing society; a registered co-operative society may be called a \"Co-operative\";\n(f) \"Director\" means a member of an Administrative Council, managing committee or any managing body of a society, as the case may be, vested with the powers of its management;\n(g) \"Borrowed capital\" means the total of loans, deposits and other borrowings of a co-operative society;\n(h) \"Owned capital\" means the total of paid up share capital and accumulated reserve and other funds created out of profits of a co-operative society;\n(i) \"Working capital\" means the total capital of a co-operative society consisting of borrowed capital and owned capital;\n(j) \"Record of rights\" means record of rights maintained under the Assam Land and Revenue Regulation, 1886;\n(k) \"Primary Society\" means a co-operative society registered under the Act to which no other registered co-operative society is admitted as member, and shall include a Gaon Panchayat Level Multipurpose Co-operative Society;\n(l) \"Land Development Bank\" or \"Land Mortgage Bank\" means a Co-operative Land Mortgage Bank registered under the Assam Co-operative Societies Act, 1949 and includes any order registered co-operative society notified by the State Government in this behalf.\nChapter II\nRegistration of Societies",
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