Andhra Pradesh (TA) State Co-Operative Societies (Reconstitution) Act 1956
(1) This Act may be called the Andhra Pradesh (Telangana Area) State Co-operative Societies (Reconstitution) Act, 1956.
(2) It extends to the whole of the Telangana area of the State of Andhra Pradesh.
(3) It shall come into force at once.
(1) Each of the following societies, that is to say, the Hyderabad State Co-operative Bank Limited, and the Hyderabad Central Co-operative Land Mortgage Bank Limited (hereinafter in this Act referred to as "the existing societies"), shall be reconstituted in the manner hereinafter appearing.
(2) From the areas of operation of each of the existing societies, the following territories shall be excluded, namely :-
(a) the territories comprised in the talukas of Bidar, Humnabad, Bhalki and Santpur of Bidar district, the talukas of Raichur, Manvi, Sindhnur, Gangawathi, Kopbal, Yelbarga, Kushtagi, Lingsugur and Devdurg of Raichur district, and the talukas of Gulbarga, Chitapur, Yadgir, Shahpur, Shorapur Jiwargi, Afzalpur, Aland, Chincholi and Sedam of Gulbarga district (hereinafter in this Act referred to as the Karnataka area);
(b) the territories comprised in the districts of Aurangabad
(1) The Registrar of co_ operative Societies of the State of A.P. (hereinafter in this Act referred to as "The Registrar") shall, subject to the provisions of Section 2, place before a meeting of the General Body of each of the existing societies, held in such manner as may be prescribed by rules made under this Act, proposals for the reconstitution of the existing societies.
2) Without prejudice to the generality of the foregoing power, such proposals may provide for--
(a) the allocation of the assets and liabilities of the existing societies among the reconstituted societies, the corresponding Mysore societies mentioned in Section 2(3)(a)(ii) and the corresponding Bombay societies or the corresponding new society or societies, as the case may be, mentioned in Section 2(3)(b)(ii);
(b) the membership and management of the reconstituted societies and the corresponding new society or
If the proposals of the Registrar are not confirmed either without modifications or with modifications agreed to by the Registrar, the State Government shall refer the proposals to a Judge of the High Court, Hyderabad, nominated by the Chief Justice, Hyderabad, in this behalf, and the decision of such Judge shall be final for all purposes and shall be binding in the same manner as if the proposals have been certified under sub-section (4) of Section 3.
The allocation of the liabilities of each of the existing societies shall not affect the guarantee, if any, of the State Government for the due repayment of any debt owing by the existing societies.
The State Government may, by order, make such adaptations and modifications in the Hyderabad Co-operative Societies Act, 1952 (XVI of 1952) and the Hyderabad Land Mortgage Bank Act, 1349 Fasli (II of 1349 Fasli), as are consequential on or necessary to give full effect to the reconstitution of the existing societies and the formation and registration of the new societies.
The provisions of this Act shall have effect notwithstanding anything to the contrary contained in the Hyderabad Co-operative Societies Act, 1952 (XVI of 1952) and the Hyderabad Co-operative Land Mortgage Bank Act, 1349 Fasli (II of 1349 Fasli).
The State Government may, by notification in the Official Gazette, make rules to carry out the purposes of this Act.
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