Section 50. Exemption from compulsory registration of instruments.

{
    "act_title": "THE DELHI CO-OPERATIVE SOCIETIES ACT, 2003",
    "act_slug": "the-delhi-co-operative-societies-act-2003",
    "section_label": "Section",
    "section": {
        "number": "50",
        "title": "Section 50. Exemption from compulsory registration of instruments.",
        "chapter": null,
        "content": "Nothing in clauses (b) and (c) of sub-section (1) of section 17 of the Registration Act, \n1908 (16 of 1908) shall apply to -  \n(1) any instrument relating to shares in a co-operative society \nnotwithstanding that the assets of the co-operative society \nconsist in whole or in part of immovable property; or  \n(2) any debenture issued by any such co-operative society and not \ncreating, declaring, assigning, limiting or extinguishing any right, \ntitle or interest to or in immovable property, except in so far as it \nentitles the holder thereof to the security afforded by a registered \ninstrument whereby the co-operative society has mortgaged, \nconveyed or otherwise transferred the whole or part of its \nimmovable property or any interest therein to trustees upon trust \nfor the benefit of the holders of such debentures; or  \n(3) any endorsement upon or transfer of any debenture issued by any \nsuch co-operative society.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 550
    },
    "prev_section": "49",
    "next_section": "51"
}