What are the society laws?

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 rules of cooperative society?

(1) Every registered society shall, from time to time, fix at a general meeting the maximum liability it may incur in loans or deposits whether from members or non-members. (2) The maximum so fixed shall be subject to the sanction of the Registrar, who may at any time reduce it.

What is Maharashtra State Cooperative Society Act?

An Act to consolidate and amend the law relating to co-operative societies in the State of Maharashtra. WHEREAS, with a view to providing for the orderly development of the co-operative movement in the. State of Maharashtra in accordance with the relevant directive principles of State policy enunciated in the.

What is AGM in society?

An annual general meeting (AGM) allows a co-operative’s members to come together, discuss their co-op, make decisions, and help shape its future. A co-operative is legally required to hold an AGM of its members to present them with information and approve important decisions.

How do you write society AGM minutes?

Minutes of any Meeting should state the name of the Co-operative Housing Society, time, date, place, type of meeting, a record of the name of the members present in the meeting, etc. Minutes should contain summary of the discussions held leading to the resolution says Adv.

Who can become a member in Maharashtra co-operative society?

Any ten adults can voluntarily form an association and get it registered with the Registrar of Co-operative Societies. Open Membership: Persons having common interest can form a co-operative society. Any competent person can become a member at any time he/she likes and can leave the society at will.

Can a government employee become a committee member of society?

Yes the Government Employee or Government Officer can be the member, founder, Trustee, Director of Non Profit Organisation /Non Governmental Organisation (NGO).

What are the society laws? 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…