group 2 moc 2003
Post on 06-Apr-2018
222 Views
Preview:
TRANSCRIPT
-
8/3/2019 group 2 MOc 2003
1/30
-
8/3/2019 group 2 MOc 2003
2/30
-
8/3/2019 group 2 MOc 2003
3/30
-
8/3/2019 group 2 MOc 2003
4/30
MEANING OF COMEANING OF CO--OPERATIVEOPERATIVESOCIETYSOCIETY
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 avoluntary associate of person who work together
to promote their economic interest.
-
8/3/2019 group 2 MOc 2003
5/30
CHARACTERISTICS OF COCHARACTERISTICS OF CO--OPERATIVE SOCIETYOPERATIVE SOCIETY
Open membership
Voluntary association
State control
Sources of finance
Democratic Management Service motive
Separate legal entity
-
8/3/2019 group 2 MOc 2003
6/30
ADVANTAGE OF COADVANTAGE OF CO--OPERATIVE SOCIETYOPERATIVE SOCIETY
Easy formation
Open membership
Democratic control
Limited liability
Elimination of middlemen profit
-
8/3/2019 group 2 MOc 2003
7/30
DISDIS--ADVANTAGES OF COADVANTAGES OF CO--OPERATIVE SOCIETYOPERATIVE SOCIETY
Limited capital
Problem in management
Lack of motivation
Lack of co-operation
Dependence on government
-
8/3/2019 group 2 MOc 2003
8/30
TYPES OF COTYPES OF CO--OPERATIVESOPERATIVES
1. AGRICULTURAL CO-OPERATIVES
2. WORKERS CO-OPERATIVES
3 CONSUMER CO-OPERATIVES
4 CREDIT UNIONS
5 RETAIL OR PURCHASING CO-OPERATIVES
6 UTILITY CO-OPERATIVES
-
8/3/2019 group 2 MOc 2003
9/30
7 STUDENT CO-OPERATIVES
8 INSURANCE CO-OPERATIVES
9. BUSINESS AND EMPLOYMENT CO-OPERATIVES
10. HOUSING CO-OPERATIVES
11. ARTS AND CRAFTS CO-OPERATIVES
12. CO-OPERATIVE WHOLESALE SOCIETY
-
8/3/2019 group 2 MOc 2003
10/30
A GUIDE TO THE REGISTRATIONA GUIDE TO THE REGISTRATIONOF COOF CO--OPERATIVE SOCIETIESOPERATIVE SOCIETIES
-
8/3/2019 group 2 MOc 2003
11/30
MEMBERSHIPMEMBERSHIP
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.
-
8/3/2019 group 2 MOc 2003
12/30
HOW TO APPLY FORHOW TO APPLY FORREGISTRATION ?REGISTRATION ?
To complete and submit an application to the Registrar of Co-
operative Societies.
To submit 3 copies of the proposed by-laws.
Registration is free of charge
-
8/3/2019 group 2 MOc 2003
13/30
CONDITIONCONDITIONFORFOR
REGISTRATIONREGISTRATION
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.
2 Each member must be member from different family.
-
8/3/2019 group 2 MOc 2003
14/30
REFUSAL OF REGISTRATIONREFUSAL 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
-
8/3/2019 group 2 MOc 2003
15/30
CANCELLATION OFCANCELLATION OFREGISTRATIONREGISTRATION
If the society transfer the whole of its assets and liabilities to anothersociety
It amalgamates with another society
It divides it self into two or more societies
It is registered
If its affairs are wound up
-
8/3/2019 group 2 MOc 2003
16/30
TYPES OF MEMBERSHIP OF CO-OPERATIVE SOCIETY
Associate Members
Solutions Members
Enterprise Members
Strategic Members
Committer Members
-
8/3/2019 group 2 MOc 2003
17/30
SECRETARY OF CO-
OPERATIVE 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.
-
8/3/2019 group 2 MOc 2003
18/30
DUTIES AND RESPONSIBILITY OFA OF CO-OPERATIVE
SECRETARY.
-
8/3/2019 group 2 MOc 2003
19/30
TOWARDS OFFICEADMINISTRATION
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
-
8/3/2019 group 2 MOc 2003
20/30
TOWARDS ACCOUNTS
TO SEE THAT ALL BUSINESS TRANSACTIONS ARERECORDED NEATLYAND CORRECTLY IN BOOKS OF
ACCOUNTS
TO SEE ALL TRANSACTIONS ARE ROUTED IN BANKSAND ACCOUNTS ARE PROPERLY
TO TAKE DECISION REGARDINGS BORROWINGS,INVESTMENTS ETC
-
8/3/2019 group 2 MOc 2003
21/30
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
-
8/3/2019 group 2 MOc 2003
22/30
-
8/3/2019 group 2 MOc 2003
23/30
IMPORTANT FEATURE:-
-
8/3/2019 group 2 MOc 2003
24/30
THE ACT OF 1904 WAS FOUND
INSUFFICIENT BECAUSE
1) NO RECOGNITION.
2) NO PROVISION.
3) PROHIBITION OF DISTRIBUTION.
-
8/3/2019 group 2 MOc 2003
25/30
CO-OPERATIVE SOCIETIESACT,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
-
8/3/2019 group 2 MOc 2003
26/30
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
-
8/3/2019 group 2 MOc 2003
27/30
MAHARASHTRA STATE CO-
OPERATIVE SOCIETIESACT,1960.
-
8/3/2019 group 2 MOc 2003
28/30
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 Bye-
laws 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
-
8/3/2019 group 2 MOc 2003
29/30
THE LEGAL FRAMEWORKESSENTIALLY 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.
-
8/3/2019 group 2 MOc 2003
30/30
top related