Section 27, National Co-operative Development Corporation Act, 1962 [S1H-6MB]
As at 6 September 2026. In force from 7 December 1963 by S.O. 2378(E) [N11-RKZ].
27. Grant of licence.—(1) An application for a licence to undertake the business of a co-operative society shall be made to the Registrar in Form B, accompanied by a fee of one hundred rupees. (2) The Registrar may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Registrar may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (2)
co-operative society: Section 2, National Co-operative Development Corporation Act, 1962 [S1H5VS] (In this Act, unless the context otherwise requires,—): "co-operative society" means a society registered or deemed to be registered under this Act
co-operative society: 21 more definitions.
Registrar: Section 2, National Co-operative Development Corporation Act, 1962 [S1H5VS] (In this Act, unless the context otherwise requires,—): "Registrar" means the Central Registrar of Co-operative Societies appointed under section 4
Registrar: 79 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 26, National Co-operative Development Corporation Act, 1962 [S1H-6K5], 5 June 1962, Band A. "section 27".
Not held (0)
none
Duties published under this section (0)
none