law: Co-Operative Societies Act, 1912
  43. Rules
  (1) The 4[State Government] may, for the whole
  
  or any part of the 5[State] and for any registered society or class of such
  
  societies, make rules to carry out the purposes of this Act.
  (2) In particular and without prejudice to the
  
  generality of the foregoing power, such rules may-
  (a) subject to the
  
  provisions of section 5, prescribe the maximum number of shares or portion of
  
  the capital, of a society which may be held by a member;
  (b) prescribe the
  
  forms to be used and the conditions to be complied with in the making of
  
  applications for the registration of a society and the procedure in the matter
  
  of such applications;
  (c) prescribe the
  
  matters in respect of which a society may or shall make by-laws and for the
  
  procedure to be followed in making, altering and abrogating by-laws, and the
  
  conditions to be satisfied prior to such making, alteration or abrogation;
  (d) prescribe the
  
  conditions to be complied with by persons applying for admission or admitted as
  
  members, and provide for the election and admission of members, and the payment
  
  to be made and the interests to be acquired before the exercise of the right of
  
  membership;
  (e) regulate the
  
  manner in which funds. may be raised by means of shares or debentures or
  
  otherwise;
  (f) provide for
  
  general meetings of the members and for the procedure at such meetings and the
  
  powers to be exercised by such meetings;
  (g) provide for the appointment,
  
  suspension and removal of the members of the committee and other officers, and
  
  for the procedure at meetings of the committee, and for the powers to be
  
  exercised and the duties to be performed by the committee and other officers;
  (h) prescribe the
  
  accounts and books to be kept by a society and provide for the audit such
  
  accounts and the charges, if any, to be made for such audit, and for the
  
  periodical publication of a balance-sheet showing the assets and liabilities of
  
  a society;
  (i) prescribe the
  
  returns to be submitted by a society to the Registrar and provide for the
  
  persons by whom and the form in which such returns shall be submitted;
  (j) provide for the
  
  persons by whom and the form in which copies of entries in books of societies
  
  may be certified;
  (k) provide for the
  
  formation and maintenance of a register of members and, where the liability of
  
  the members is limited by shares, of a register of shares;
  (l) provide that any
  
  dispute touching the business of a society between members or past members of
  
  the society or persons claiming through a member or past member or between a
  
  member or past member or persons so claiming and the committee or any officer
  
  shall be referred to the Registrar for decision or, if he so directs, to arbitration,
  
  and prescribe the mode of appointing an arbitrator or arbitrators and the
  
  procedure to be followed in proceedings before the Registrar or such arbitrator
  
  or arbitrators, and the enforcement of the decisions of the Registrar or the
  
  awards of arbitrators;
  (m) provide for the
  
  withdrawal and expulsion of members and for the payments, if any, to be made to
  
  members who withdraw or are expelled and for the liabilities of past members;
  (n) provide for the
  
  mode in which the value of a deceased member's interest shall be ascertained,
  
  and for the nomination of a person to whom such interest may be paid or
  
  transferred;
  (o) prescribe the
  
  payments to :be made and the conditions to be complied with by members applying
  
  for loans, the period for which loans may be made, and the amount which may be
  
  lent, to an individual member;
  (p) provide for the
  
  formation and maintenance of reserve funds, and the objects to which such funds
  
  may be applied, and for the investment of any funds under the control of the society;
  
  
  (q) prescribe the
  
  extent to which a society may limit the number of its members;
  (r) prescribe the
  
  conditions under which profits. may be distributed to the members of a society
  
  with unlimited liability and the maximum rate of dividend which may be paid by
  
  societies;
  (s) subject to the
  
  provisions of section 39, determine in what cases an appeal shall lie from the
  
  orders of the Registrar and prescribe the procedure to he followed in
  
  presenting, and disposing of such appeals; and
  (t) prescribe the
  
  procedure to be followed by a liquidator appointed under section 42, and the
  
  cases in which an appeal shall lie from the order of such liquidator.
  (3) The 4[State Government] may delegate, subject
  
  to such conditions, if any, as it thinks fit, all or any of its powers to may
  
  rules under this section to any authority specified in the order of delegation.
  
  
  (4) The power to make rules conferred by this
  
  section is subject to the condition of the rules being made after previous
  
  publication.
  (5) All rules made under this section shall be
  
  published in the 18[Official Gazette], and on such publication shall have
  
  effect as if enacted in this Act.
  19[(6) Every rule made by the State Government
  
  under this Act shall be laid, as soon as may be after it is made, before the
  
  State Legislature.]