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Can an Agricultural Cooperative Society in West Bengal purchase and sell property as per the West Bengal Cooperative Societies Act and Rules? I am a member of a long-standing Agricultural Cooperative Society in North Bengal. We want to sell some unused buildings to improve our financial position and support farmers better. I would be grateful for guidance from any learned member.
Yes, an Agricultural Cooperative Society in West Bengal can buy or sell property, but only with approval from its members and as per the West Bengal Cooperative Societies Act and Rules. You need to pass a resolution, record it in your society’s meeting minutes, and seek approval from the Registrar of Cooperative Societies before selling. For further legal assistance contact us on our helpline number.