Amendment status not verified — confirm the current text below against the official source.
Subject matter of Bye-Laws:- (1) A Co-operative society shall make bye-laws in respect of the following matters:- (a) name and address of the co-operative society; (b) area and operation: (c) the objects of the co-operative society: (d) the manner in which the funds may be raised and the maximum share capital which any one member may hold and the purpose to which the funds may be made applicable: (e) the qualification for membership and terms for admission of members: (f) the nature and the extent of the liability of the members: (g) withdrawals and expulsion of members, and the payments, if any, to be made to such members: (h) transfer of shares or interest of the members: (i) general meetings and procedures and powers of such meetings: 45 Registrar of Co-operative Societies, Co-operative Department, A&N Islands, VIP Road, Junglighat, Port Blair, PIN-744103 (Contact No.03192232388), 2019. ANDAMAN & NICOBAR GAZETTTE, EXTRAORDINARY, OCT, 16, 1974 (j) procedures of election to the committee: (k) appointment, suspension and removal of the officers of the co- operative society and members of the committee: (l) constitution of the committee and procedure for holding its meetings: (m) powers and duties of the committee and officers of the co-operative society: (n) the privileges, rights, duties and liabilities of members: (o) the consequence of defaults in payments of any sum due by a member: (p) authorisation of an officers of the co-operative society to sign documents and to institute and defend suits and other legal proceedings on behalf of the society: (q) the constitution and maintenance of various funds as required to be maintained under the provisions of Regulation, Rules and bye-laws: and (r) Disposal of profits: Provided that if in the opinion of the Registrar the bye-laws of any co-operative society do not contain provisions with regard to the matters specified in clause (i) and (1) or contain insufficient provision with regard to these matters, the provisions prescribed in appendix "B" shall apply to such society as if the said Appendix had been part of the bye-laws registered under section 8: Provided further that if there is any inconsistency in the bye-laws framed by the society with regard to the aforesaid matters and the provisions contained in appendix "B" the bye-laws of the society shall prevail in so far as they are inconsistent with the provisions contained in appendix "B". (2) The bye-laws of a co-operative society may further provide for such matter as are incidental to the organisation of the society and the management of its business.