GOVERNMENT OF PUNJAB versus KISSAN COOPERATIVE CREDIT CORPORATION LTD.
Establishment of Section 9 of the Cooperative and Federal Bank of Cooperative Banking Act (IX of 1977). Section 42 of the Co-operative Society Prima Registration Act, Section 42 of IX of 1977, prohibits a society formed by the respondents from engaging in a banking business. Society provides funds for non-members to collect and arrange funds between societies through deposits and loans The question arises whether it has been asked to amend or abolish by-laws before the registration of the Society. Will be needed. An aspect of the matter was not accepted by the High Court, which proceeded only to the technical factory to abolish the order passed by the Registrar of Appeals approved by the Secretary Cooperatives. The Registrar was directed to register the society in accordance with the law. ? Consequently, in view of the legal objections, the view submitted by the High Court that the Registrar was bound required such registration to be made to the Society.
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