October 2021

Strategic advantages of Information Technology The Role of It In Strategic Management Strategic Management Is the way an organization maps the strategy of its future operations. The term strategic points to the long-term nature of this mapping exercise and to the large magnitude of advantage the exercise is expected to give an organization. Information Technology […]

CO-OPERATIVE TRIBUNAL (PRACTICE AND PROCEDURE) RULES Saving of the inherent power of the Tribunal Nothing contained in these Rules shall limit or otherwise affect the inherent power of the Tribunal to make such orders as may be necessary for the ends of justice or to prevent abuse of the process of the Tribunal. Disregard of

CO-OPERATIVE SOCIETIES RULES Books to be kept by a registered society A co-operative society shall keep up-to-date and in proper businesslike manner such accounts and such books as the Commissioner may from time to time direct either generally or in respect of any particular society or class of societies. Notwithstanding the provisions of sub-rule (1),

CO-OPERATIVE SOCIETIES RULES Register of co-operative societies The Commissioner shall keep or cause to be kept at his office a record called the register of co-operative societies wherein shall be entered particulars relating to the registration of societies and their by-laws and any amendments thereto. Every entry in the register shall be made by, or

SETTLEMENT OF DISPUTES Appeal to High Court Any party to the proceedings before the Tribunal who is aggrieved by any order of the Tribunal may, within thirty days of such order, appeal against such order to the High Court: Provided that the High Court may, where it is satisfied that there is sufficient reason for

SETTLEMENT OF DISPUTES IN CO-OPERATIVE SOCIATIES Disputes If any dispute concerning the business of a co-operative society arises— (a) among members, past members and persons claiming through members, past members and deceased members; or (b) between members, past members or deceased members, and the society, its Committee or any officer of the society; or (c)

CHARGES BY CO-OPERATIVE SOCIETIES Creating charge over society’s property A co-operative society may from time to time, charge the whole or any part of its property, if its by-laws expressly empower it to do so, subject to a special resolution by the general meeting. Charge to comply with applicable law A charge created by a

PROPERTY AND FUNDS OF CO-OPERATIVE SOCIETIES Application of society’s property and funds The property and funds of a co-operative society shall only be applied for the benefit of the society and, its members, in accordance with the provisions of this Act, the rules made hereunder and the by-laws of the society. Restriction on giving loans

RIGHTS AND OBLIGATIONS OF CO-OPERATIVE SOCIETIES Society to have charge over member’s produce A co-operative society which has as one of its objects the disposal of any agricultural produce, may enter into a contract with its members, either in its by laws or by a separate document binding the members to dispose of all their

AMALGAMATION AND DIVISION OF CO-OPERATIVE SOCIETIES Amalgamation of co-operative societies Any two or more co-operative societies (hereinafter referred to as amalgamating societies) may, by special resolution (in this section referred to as the preliminary resolution), resolve to amalgamate as a single society (hereinafter referred to as the amalgamated society). A copy of the preliminary resolution

MANAGEMENT OF CO-OPERATIVE SOCIETIES General meetings The supreme authority of a co-operative society shall be vested in the general meeting at which members shall have the right to attend, participate and vote on all matters. Subject to subsection  a co-operative society shall hold an annual general meeting within four months after the end of each

DUTIES OF CO-OPERATIVE SOCIETIES Registered address of co-operative society Every co-operative society shall have a registered address to which notices and communications may be sent and shall send to the Commissioner notice of every change of address within one month of the change. Society to keep a copy of the Act and by-laws at registered