Cooperative Societies Act 1925 | Important MCQS Objective

Cooperative Societies Laws Important Objective Questions

Here are some important objective from Cooperative Societies Act 1925 and Cooperative Societies Rules 1927. These Objectives are important for the competitive exams held by PPSC for seats of Assistant Registrar Cooperative Societies and Inspector Cooperative Societies.

• 1.    Rule # 28 of the Cooperative Societies Rules of 1927 deals with the reserve fund.
• 2.    The fund created by the registered society for the purpose of constructing building shall be called building fund.
• 3.    No part of the funds of the registered society shall be divided without the sanction of registrar.
• 4.    Rule # 27 of the Cooperative Societies Rules 1927deals with the distribution of balance of profits.
• 5.    Rule # 24 of Cooperative Societies Rules 1927 deals with the payment of dividend by consumers, producers or having societies.
• 6.    Under section 38 no registered society shall distribute any bonus or shares beyond the divided that is declared under the section.
• 7.    Rule # 20 of the Cooperative Societies Roles 1927 deals with transfer of interests.
• 8.    The name of every person nominated under section 27 and any revocation or variation of such nomination shall be entered in the register and kept under rule 14 sub rule 1 clause (a).
• 9.    The registrar may levy audit fee on all societies with the previous sanction of the provincial government.
• 10.    Under section 25 of Cooperative Societies Act 1925, the dispute is referred to the registrar.
• 11.    Rule # 35 of the Cooperative Societies Rule 1927 deals with the procedure in arbitration proceeding.
• 12.    Every order passed by the Registrar under section 50-A and every order issued under section 55 shall if not carried out be executed in accordance with section 59.
• 13.    The Registrar shall keep the record of the register or names, addresses and by laws of the societies.
• 14.    Rule # 40 of the Cooperative Societies Rules 1927 deals with the issue of proclamation prohibiting private transfer of property.
• 15.    Committee will manage the business of every registered society.
• 16.    Rule # 55 of Cooperative Societies Rule 1927 deals with the power to make rules.
• 17.    All societies which obtain portion of their working capital by deposits shall maintain such fluids resources as may from time to time proscribed by the Registrar.
• 18.    Rule # 12 of the Cooperative Societies Rules 1927 deals with the writing pf leases.
• 19.    Rule # 9-A of the Cooperative Societies Rules 1927 deals with the value of share of the member.
• 20.    Rule # 16 of the Cooperative Societies Rules 1927 deals with the inspection of documents.