 the multi-unit co-operative societies (amendment) bill, 1962(as introduced in lok sabha on ism november, 1962)  (amendment) bill, 1962 (as introduced ~ lok sabha) abill further to amend the multi-unit co-operative societiea act, 1_ b!! it enacted by parliament in the thirteenth year of the republic of india a$ follows:-1 this act may be called the multi-unt co-oper ltive socleuet siiort , (amendment) act, 1962 , z in section 5a of the multi-unit co-operative societiea- act, 1m2 ~ (hereinafter referred to as the principal act),-  ~mcdoa (i) in sub-section (2) for the words, "including proposall regarding the formation of new co-operative societies and the transfer thereto of the assets and liabilities of that society" the following shall be substituted, namely:-10 "including proposals regarding,-(a) the formation of new co-operative locieties add the transfer thereto, in whole or in part, of the useti and liabilities of "that society; or (b) the transfer, in whole or in part, of the aaets and liabilities of that society to any other co-operative societies in existence immediately before the date of that meeting of the general body"; (ii) after sub-section (4), the following sub-section shall b4 inserted, namely:-"(4a) notwithstanding anything contained in this aection, where a scheme under sub-section (2) includes any proposal regarding the transfer of the assets and liabilities 5 of any co-operative society to any other existing co-operative society referred to in clause (b) thereof, the scheme, shall not be binding on that existing society or the shareholders and creditors thereof, unless the proposal regarding such transfer is accepted by t1!e existing society by a resolution 10 passed by a majority of the members present at a meeting of its general body" amendment 3 section 6 of the principal act shall be re-numbered as suboflciod section (1) of that section and after sub-section (1) as so re-number-,-ad, the following sub-section shall be inserted, namely: -i ~ " (2) every rule made under this section shall be laid as soon as may be after it is made, before each house of parliament while it is in session for a total period of thirty days which may be 'comprised in one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the 20 session immediately following, both houses agree in making any modification in the rule or both houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be, so however that any such modification or annulment shall be with- 25 out prejudice to the validity of anything previously done under that aale" ab a result of the re-organisation of states, certain-eo-operativ, societies which had their objects confined to one state only became multi-unit co-operative societies section 5a of the multi-unit co:' operative societies act, 1942, provides for the re-constitution and reorganisation of such multi-unit co-operative societies as intra-state co-operative societies and for ·the formation of new co-operative locieties and the transfer thereto of the assets and liabilities of such multi-unit co-operative societies in some cases it has been found that it is not necessary to form new societies and it would be more convenient if the llsets and liabilities of a multi-unit co-operative society are transferred to an existing co-operative society the present bill seeks to make the transfer of such assets arid lialsilities to any existing co-operative society also possible the transfer to an existing co-operative society would be subject to a resolution of the general body of such society accepting the same new delhi; the 23rd september, 1962 s k dey - - - - tndlltioael == ciiitabl eo-  sa (1) - - - - - - - operatlft :=" (2) if it appears to the central registrar of co-operatjve soefenoqaailties necessary or expedient that any such society should be reconsti-:::taiao tuted or reorganised in any manner or that it should be dissolved, the central registrar may, with the approval of the central government, place before a meeting of the general body of the society held in such manner as may be prescribed by rules made under this act, - scheme for the reconstitution, reorganisation or dissolution of the society, including proposals regarding the formation of new cooperative societies and the transfer thereto of the assets and llabw-ties of that society - - - - a bnl further to amend the multi-unit co-opcrative societies act, 1942 (sh,i s k dey, minister of community /jeroejoj1fiiimt, panchllyati raj and co-operation) 