The RAJASTHAN STATE COOPERATIVE SOCITIES ACT 2001
rajasthan · 2002
- S. 1NAME AND ADDRESS
- S. 2DEFINATIONS
- S. 3OBJECTIVES
- S. 4FUNDS
- S. 5MEMBERSHIP
- S. 6The liability of a member shall be limited to
- S. 7A share certificate shall be issued every time, when a share is subscribed by a member
- S. 8The properties and funds of the Federation shall be invested in accordance with the Act and Rules of the State.
- S. 9No member once affiliated shall seek disaffiliation without the permission of the Registrar, unless it is dissolved
- S. 10Subject to the provisions of the State Co-operative Societies Act, any member may be expelled by a special resolution passed at the General Body Meeting for any of the following reasons
- S. 11The member may transfer the share (s) after holding for at least one year to another member with the approval of the Board of Directors of the Federation. No transfer shall be considered complete, until the name of the transferee has been entered into the share transfer Register and a fee of Rs. 1.00 per share has been paid
- S. 12CESSATION OF MEMBERSHIP
- S. 13OBLIGATIONS OF MEMBERS
- S. 14ORGANIZATION AND MANAGEMENT
- S. 15GENERAL MEETING
- S. 16ANNUAL GENERAL MEETING
- S. 17VOTING RIGHTS
- S. 18Special General Meeting of the Federation shall be called with 15 days notice, stating the date, time and Place at which and the purpose for which such meeting will be held
- S. 19Decision shall be taken by majority of votes. In the case of equality of votes, the Chairman shall have a casting vote in addition to the votes to which he may be entitled to as a member.
- S. 20BOARD OF DIRECTORS
- S. 21BOARD OF DIRECTORS
- S. 22No member shall be allowed to participate or vote on the proceedings of any matter in which he has personal or any other interests.
- S. 23No member shall be allowed to participate or vote on the proceedings of any matter in which he has personal or any other interests.
- S. 24The Board may meet as often as it considers necessary but it shall meet once in every three months.
- S. 25The Chairman of the Union which fails to fulfill the obligations as laid down in the bye-laws, shall cease to continue as a member of the Board.
- S. 26POWER, RESPONSIBILITIES AND FUNCTION OF THE BOARD:
- S. 27The Board shall be competent to frame subsidiary rules consistent with the provisions of the Act. Rules and Bye-laws for the proper conduct of the business of the Federation. These rules shall be implemented after the approval of the Registrar.
- S. 28The Board shall have powers to issue a common seal for the business of the Federation and it shall not be used except by the authority for the Board or the Managing Director. Every deed or document to which the seal is affixed, shall be countersigned by the Managing Director and/or the Chairman as may be decided by the Board.
- S. 29MANAGING DIRECTOR
- S. 30PROGRAMMING COMMITTEE
- S. 31FUNCTIONS OF THE PROGRAMMING COMMITTEE :
- S. 32In case of urgency, when a particular decision can not wait till the Board meets, the decision may be carried out by a circular resolution amongst all its members and any resolution so approved by all the members duly signed shall be considered as effective and binding, as if such resolution had been passed at a meeting of the Board.
- S. 33DISTRIBUTION OF NET PROFIT
- S. 34RESERVE FUND
- S. 35ACCOUNTS AND RECORDS
- S. 36In case of absence of provisions or inconsistency or repugnancy in the Bye-Laws of the member Unions the Bye-laws of the Federation shall prevail subject to the provisions of the Act and Rules.
- S. 37AMENDMENTS
- S. 38SERVICE OF NOTICE:
- S. 39INTERPRETATION OF THESE BYE-LAWS