law: Co-Operative Societies Act, 1912
  49. Saving of existing societies
  Every society now existing which has been
  
  registered under the Co-operative Credit Societies Act, 1904 (10 of 1904),
  
  shall be deemed to be registered under this Act, and its by-laws shall, so far
  
  as the same are not inconsistent with the express provisions of this Act,
  
  continue in force until altered or rescinded.