Section 49 of Co Operative Societies Act - Saving of existing societies
 

Section 49: Saving of existing societies - The Co Operative Societies Act 1912

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so far as the same are not inconsistent with the express provisions of this Act, continue in force until altered or rescinded.