Agricultural Co-Operative Societies (Debentures) Act, 1934

Certification of society as an agricultural co-operative society.

3.—(1) Any society registered under the Industrial and Provident Societies Act, 1893 , may at any time apply to the Minister in the prescribed form and manner for such certificate as is hereinafter mentioned in respect of such society.

(2) Whenever the Minister receives an application under the foregoing sub-section of this section and is satisfied—

(a) that the society in respect of which such application is made is a co-operative society, and

(b) that the objects of such society are wholly or substantially agricultural, and

(c) that it is expedient, having regard to all the circumstances of the case, that such society should have the powers and privileges conferred by this Act on an agricultural co-operative society,

he may issue to such society a certificate in the prescribed form certifying that such society is an agricultural co-operative society for the purposes of this Act.

(3) The Minister may at any time at his absolute discretion revoke, in the prescribed form and manner, any certificate issued by him under this section, and thereupon the society to which such certificate related shall cease to be an agricultural co-operative society for the purposes of this Act, but such revocation and cesser shall not prejudice or affect the validity of anything previously done by such society.

(4) In this Act (except this section) the expression “agricultural co-operative society” means a society registered under the Industrial and Provident Societies Act, 1893 , in respect of which a certificate has been issued under this section and is for the time being unrevoked.