Group 2 MOc 2003

MEANING OF CO-OPERATIVE COSOCIETY
Co-operative society means working together. So, those who want to work together with same common economic objective, can form a society which is termed as co-operative society. It is a voluntary associate of person who work together to promote their economic interest.
CHARACTERISTICS OF COCOOPERATIVE SOCIETY

Open membership Voluntary association State control Sources of finance Democratic Management Service motive Separate legal entity
ADVANTAGE OF COCOOPERATIVE SOCIETY

Easy formation Open membership Democratic control Limited liability Elimination of middlemen profit
DISDIS-ADVANTAGES OF COCOOPERATIVE SOCIETY

Limited capital Problem in management Lack of motivation Lack of co-operation Dependence on government
TYPES OF CO-OPERATIVES CO1. AGRICULTURAL CO-OPERATIVES 2. WORKERS CO-OPERATIVES
CONSUMER CO-OPERATIVES
CREDIT UNIONS
RETAIL OR PURCHASING CO-OPERATIVES
UTILITY CO-OPERATIVES
7 8 9.
STUDENT CO-OPERATIVES INSURANCE CO-OPERATIVES BUSINESS AND EMPLOYMENT CO-OPERATIVES
10. HOUSING CO-OPERATIVES 11. ARTS AND CRAFTS CO-OPERATIVES 12. CO-OPERATIVE WHOLESALE SOCIETY
A GUIDE TO THE REGISTRATION OF CO-OPERATIVE SOCIETIES CO-
MEMBERSHIP
In order to be qualified for membership of a Co-operative Society, a person must:-
(a) have attained the age of 18 years;
(b) be resident within or in occupation of land within the societys area of operation as described by the by-laws of the society.
HOW TO APPLY FOR REGISTRATION ?
To complete and submit an application to the Registrar of Cooperative Societies.
To submit 3 copies of the proposed by-laws.
Registration is free of charge
CONDITION FOR REGISTRATION

1 A society shall consist of a minimum 10 persons, except in case of lift irrigation society where the minimum number is five and maximum is ten.
Each member must be member from different family.
REFUSAL OF REGISTRATION
The society does not comply with the condition laid down in the act.
The society fails to furnish the information as required.
If the registrar is of the opinion that registration of such society will adversely effect the development of co-operative movement
CANCELLATION OF REGISTRATION
If the society transfer the whole of its assets and liabilities to another society It amalgamates with another society It divides it self into two or more societies It is registered If its affairs are wound up
TYPES OF MEMBERSHIP OF COOPERATIVE SOCIETY

Associate Members
Solutions Members
Enterprise Members
Strategic Members
Committer Members
SECRETARY OF COOPERATIVE SOCIETY

SECRETARY OF CO-OPERATIVE SOCIETY NEEDS ALL NORMAL QUALIFICATIONS AND QUALITIES OF A SECRETARY. THIS MEANS HE NEEDS PROPER EDUCATIONS,KNOWLEDGE OF WORKING OF CO -OPERATIVE ORGANISATION.
DUTIES AND RESPONSIBILITY OF A OF CO-OPERATIVE SECRETARY.
TOWARDS OFFICE ADMINISTRATION

TO HANDLE CORRESPONDENCE WORK AND MAINTAIN AN EFFICIENT FILING SYSTEM
TO BRING PROPER CO-ORDINATION OF OFFICE WORK IN SOCIETY
TO MAINTAIN HIGH DEGREE OF EFFICIENCY IN THE ENTIRE WORK
TOWARDS ACCOUNTS
TO SEE THAT ALL BUSINESS TRANSACTIONS ARE RECORDED NEATLYAND CORRECTLY IN BOOKS OF ACCOUNTS
TO SEE ALL TRANSACTIONS ARE ROUTED IN BANKS AND ACCOUNTS ARE PROPERLY
TO TAKE DECISION REGARDINGS BORROWINGS, INVESTMENTS ETC
TOWARDS MEETINGS
TO FIX THE DATE OF AGM , MCM IN CONSULTANTS OF CHAIRMAN
TO ISSUE NOTICE, AGENDA IN MEETINGS
TO KEEPS VARIOUS FILES AND DOCUMENTS REQUIRED IN MEETINGS
IMPORTANT FEATURE:-
THE ACT OF 1904 WAS FOUND INSUFFICIENT BECAUSE

1) NO RECOGNITION. 2) NO PROVISION. 3) PROHIBITION OF DISTRIBUTION.
CO-OPERATIVE SOCIETIES ACT,1912

Registration of society Societies which may be registered Who can form a society Restrictions on society with limited liability Amendment of bye-laws Rights and liabilities of members Management of society
Registered society is body corporate Priority claim of society dues from member Liability of post member Restrictions on loans Inspection of affairs of society Dissolution of society Companies act not applicable
MAHARASHTRA STATE COOPERATIVE SOCIETIES ACT,1960

.
In Maharashtra the Co-operatives are governed by the Maharashtra Co-operative Societies Act 1960 and supported by Maharashtra Co-operative Societies Rules, 1961
Moreover each co-operative should have its own Bye-Laws which are the guiding principles of the co-operative. These Byelaws have to be approved through a resolution of the Society The only condition on the bye-laws is that they should not be contrary to the Maharashtra Co-operative Societies Act
THE LEGAL FRAMEWORK ESSENTIALLY COVERS THE FOLLOWING ASPECTS :

Registration of Co-operative Societies Rights of members Property and funds of the society Audit, inquiry and inspection Disputes Liquidation of societies
Offences and penalties Appeals.

Group 2 MOc 2003

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MEANING OF CO-OPERATIVE COSOCIETY

CHARACTERISTICS OF COCOOPERATIVE SOCIETY

ADVANTAGE OF COCOOPERATIVE SOCIETY

DISDIS-ADVANTAGES OF COCOOPERATIVE SOCIETY

TYPES OF CO-OPERATIVES CO1. AGRICULTURAL CO-OPERATIVES 2. WORKERS CO-OPERATIVES

RETAIL OR PURCHASING CO-OPERATIVES

STUDENT CO-OPERATIVES INSURANCE CO-OPERATIVES BUSINESS AND EMPLOYMENT CO-OPERATIVES

A GUIDE TO THE REGISTRATION OF CO-OPERATIVE SOCIETIES CO-

(a) have attained the age of 18 years;

HOW TO APPLY FOR REGISTRATION ?

To complete and submit an application to the Registrar of Cooperative Societies.

To submit 3 copies of the proposed by-laws.

Registration is free of charge

CONDITION FOR REGISTRATION

Each member must be member from different family.

The society fails to furnish the information as required.

TYPES OF MEMBERSHIP OF COOPERATIVE SOCIETY

SECRETARY OF COOPERATIVE SOCIETY

DUTIES AND RESPONSIBILITY OF A OF CO-OPERATIVE SECRETARY.

TOWARDS OFFICE ADMINISTRATION

 TO BRING PROPER CO-ORDINATION OF OFFICE WORK IN SOCIETY

 TO MAINTAIN HIGH DEGREE OF EFFICIENCY IN THE ENTIRE WORK

 TO TAKE DECISION REGARDINGS BORROWINGS, INVESTMENTS ETC

 TO ISSUE NOTICE, AGENDA IN MEETINGS

 TO KEEPS VARIOUS FILES AND DOCUMENTS REQUIRED IN MEETINGS

THE ACT OF 1904 WAS FOUND INSUFFICIENT BECAUSE

CO-OPERATIVE SOCIETIES ACT,1912

MAHARASHTRA STATE COOPERATIVE SOCIETIES ACT,1960

THE LEGAL FRAMEWORK ESSENTIALLY COVERS THE FOLLOWING ASPECTS :

Offences and penalties Appeals.

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TO BRING PROPER CO-ORDINATION OF OFFICE WORK IN SOCIETY

TO MAINTAIN HIGH DEGREE OF EFFICIENCY IN THE ENTIRE WORK

TO TAKE DECISION REGARDINGS BORROWINGS, INVESTMENTS ETC

TO ISSUE NOTICE, AGENDA IN MEETINGS

TO KEEPS VARIOUS FILES AND DOCUMENTS REQUIRED IN MEETINGS