What is bye-laws of co-operative society?
Bye-laws include the objects of the society and completely define and restrict the society’s activities, but the rights and liabilities of members are determined by the Act and not by the bye-laws as such. The bye-laws are the basic structure of the society and are binding on the members.
What are the rights of members in a cooperative society?
Every member of a co-operative Society shall exercise his vote in person and no member shall be permitted to vote by proxy: (b) In case of a primary society which is a member of another co-operative society may, subject to the rules, appoint one of its members to vote on its behalf in the affairs of other Society.
What are the rights of a cooperative?
In primary cooperatives, members have equal voting rights of one-member, one-vote. At least part of that capital is the common property of the cooperative. They shall receive limited compensation or limited interest, if any, on capital subscribed and paid as a condition of membership.
What does bye laws mean in Maharashtra Co-operative Society?
(i) ‘Act’ means the Maharashtra Co-operative Societies Act 1960 (Amendment 2013 (ii) ‘Rules’ means the Maharashtra Co-operative Societies Rules, 1961. Bye-laws’ means by-laws consistent with Act and registered under this Act for the time being in force and includes registered amendments of such bye-laws.
Which is the form of undertaking under Bye Law no.19?
[Under the bye-law no. 19 (A) (v)] The Form of undertaking to be furnished by the person, on whom the Prospective Non-earning member is dependent for discharge of liabilities to he Society.
Which is a form of Intimation under the bye law?
(Under the Bye-law No.40) A form of intimation by the society to the transferee about exercise of rights of membership by him. [Under the Bye-law No.62] Form of application for Permission to hold more than one flat.
When to apply for membership under Bye Law no.19?
[under the bye-law no.19 (B)] The form of application to be made for Membership, when both i.e. any person & firm, company or the Body Corporate make an application at a time for Membership/ Associate Membership.