Examples of Societies Act in a sentence
Primary (urban) co-operative banks are normally not expected to enroll non-banking financial institutions like investment and financial companies as their members since it would be in contravention of the State Co-operative Societies Act concerned and will also not be in conformity with the provisions of model by-law No.9 recommended for adoption, by all banks.
We are unable to agree with the finding of the learned Judge of the High Court that the impugned resolution violates the provision of Section 6 of the Religious Societies Act and in view of the fact that the Synod had unanimously accorded permission for the merger, the High Court was not justified in striking down the impugned resolution on the ground that it was beyond the authority of the District Church Council to pass such a resolution.
Statutory reserve Transfers are made to the statutory reserve fund at a rate of 20% of net operating surplus after tax in compliance with the provision of section 47 (1 and 2) of the Co-operative Societies Act, Cap 490.
Amendment of section 44 of Act No. 12 of 1997Section 44 of the Co-operative Societies Act, 1997 is amended by deleting the words “deposits and”.71.
The Financial Services Authority define credit unions as any body corporate registered under the Industrial and Provident Societies Act 1965 as a credit union in accordance with the Credit Unions Act, which is an authorised person.