Section 42: Exemption from compulsory registration of instrument relating to shares and debentures of society

Q: What does Section 42 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) deal with?

Section 42 TMSCHSA pertains to "Exemption from compulsory registration of instrument relating to shares and debentures of society". It is part of the The Multi-State Co-operative Housing Societies Act, a legislation enacted by the Parliament of India. Section 42 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs exemption from compulsory registration of instrument relating to shares and debentures of society. As verified on 19 May 2026.

Q: Is Section 42 TMSCHSA still in force?

Yes, Section 42 of the The Multi-State Co-operative Housing Societies Act is currently in force across the Republic of India.

Q: What is धारा 42 TMSCHSA?

धारा 42 TMSCHSA is the Devanagari Hindi reference for Section 42 of the The Multi-State Co-operative Housing Societies Act. Section 42 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs exemption from compulsory registration of instrument relating to shares and debentures of society. As verified on 19 May 2026.

Q: What is Dhara 42 TMSCHSA?

Dhara 42 TMSCHSA is the Roman Hindi reference for Section 42 of the The Multi-State Co-operative Housing Societies Act. "Dhara" means "Section" in Hindi. Section 42 of The Multi-State Co-operative Housing Societies Act (TMSCHSA) governs exemption from compulsory registration of instrument relating to shares and debentures of society. As verified on 19 May 2026.

Q: How to cite Section 42 of The Multi-State Co-operative Housing Societies Act?

Cite as: "Section 42, The Multi-State Co-operative Housing Societies Act (TMSCHSA)" in legal briefs. For academic writing, use the BlueBook format: The Multi-State Co-operative Housing Societies Act, § 42 (India).

Law on Tips Editorial Board

- Nothing in clauses (b) and (c) of sub-section (1) of Section 17 of the Indian Registration Act, 1908 (XVI of 1908), shall, apply-

(a) to any instrument relating to shares in a society [not being a housing society] [Inserted by Gujarat 23 of 1982.] notwithstanding that the assets of the society consist in whole or in part of immovable property; and

(b) to any debenture issued by any society and not creating, declaring, assigning, limiting or extinguishing any rights, title or interest to or in immovable property, except in so far as it entitles the holder to the security afforded by a registered instrument whereby the society has mortgaged, conveyed or otherwise transferred the whole or part of its immovable property, or any interest therein to trustees upon trust for the benefit of the holders of such debentures; or

(c) to any endorsement upon, or transfer of, any debenture issued by any society.