The Rules and Regulation of a Co-Operative Society

A co-operative form of business organisation is distinct from other types of business organisations. It is a voluntary association of people with a collectively owned fund, organised on the democratic principle of equality, who join together to supply for their requirements through mutual action, with the primary goal of providing service rather than profit.

The primary goal of forming a cooperative is to protect the economically weaker sections of society from the oppression of the economically organised strong segment of society.

Rules and regulation of a co-operative society

1 A succinct title.

The Co-operative Societies Rules are the official name for these regulations.

2 Register of Societies (Register of Societies)

“The Register of Societies” is a register that will be kept or caused to be kept at the Registrar’s office and in which will be entered all information relating to the registration of societies and their by-laws.

There were three original entries.

Each entry in the Register of Societies must be made by, or under the direction of, the Registrar, and each entry in the Register of Societies must be signed by him.

4 Alteration.

Every alteration, interlineation, or erasure in the Register of Societies must be initialled by the Registrar before it can be considered complete.

5 Inspection.

The public may inspect the Register of Societies at any reasonable time and without charge at any location where it is maintained.

6 The registration application form.

(1) Every application for the registration of a society must be submitted to the Registrar in the form prescribed by him. (2) The Registrar may refuse to register a society if the application is not in the prescribed form.

(2) The application must be accompanied by two copies of the by-laws, one in Tongan and one in English, that the society intends to adopt.

7 Registration.

If the Registrar decides to register a proposed society, the society and its by-laws will be entered into the Register of Societies and will be available for public inspection.

8 There are eight documents that need to be forwarded.

Upon registration of a society, the Registrar shall forward to the society, free of charge, the following documents: (a) a Certificate of Registration; (b) a copy of the society’s by-laws in Tongan and English, as approved by him and certified under his hand as having been approved by him; and (c) a copy of the Act and the rules.

9 The inability to register.

Whenever the Registrar denies the registration of a society or its by-laws, he or she must document the reasons for the denial in writing.

10 List of those who have joined.

A register to be known as “the Register of Members” shall be kept by every registered society in which shall be entered— (a) the name, address, and occupation of each member, as well as a statement of the shares, if any, held by him; (b) the date on which each member’s name was entered in the register; (c) the date on which any member ceased to be a member; and (d) the nominee, if any, appointed under Rule 18. 11

11 Keeping track of things.

Every registered society is required to keep such accounts and use such books, as well as to submit such returns, as may be prescribed by the Registrar from time to time in his or her discretion. (This has been amended by G. 5/77.)

12 Members are elected and admitted to the organisation.

The election and admission of members to a registered society, other than the original members, shall take place in the manner and under the conditions prescribed by the by-laws of the organisation.

13 Withdrawal.

A member of a registered society may withdraw from the society by giving written notice to the secretary, but such withdrawal shall be without prejudice to the provisions of Section 33(1) of the Act, as amended.

14 Expulsion.

Members who violate the rules or by-laws of the registered society, or who act in any way detrimental to the interests of that society, may be expelled by a vote of two-thirds of the members present at a general meeting upon a charge that has been communicated to him in writing by the committee no less than one week prior to the general meeting. Such expulsion, on the other hand, shall be without prejudice to the provisions of Section 33(1) of the Act.

15 Loss of eligibility for membership in the organisation.

In the event that a member fails to meet any of the requirements for membership set out in either the Act, its rules, or its by-laws, that member shall cease to be a member of the registered society and the committee shall order that his or her name be struck off the Register of Members, without prejudice to any liabilities that such person may have under Section 33(1) of the Act.

16 There will be no money refunded upon withdrawal, removal, or expulsion.

If a registered society of limited liability holds deposits or loans from non-members, no member who withdraws from, is removed from, or is expelled from the society shall be entitled to a refund of any money paid by him towards the purchase of shares.

Conclusion:

Increased Cooperative Legislation: In India, cooperatives operate across a variety of industries. In accordance with the Indian Constitution, cooperatives are a state subject, and state cooperative laws, as well as their implementation, differ significantly from one another.

A serious lack of accountability and responsibility in the governance of the organisation, particularly in relation to the roles and responsibilities of the board of directors

Failure to Gain Recognition: There is a general lack of recognition of cooperatives as economic institutions among policymakers as well as the general public.

Absence of Capital Formation Efforts: Absence of capital formation efforts, particularly those aimed at enhancing member equity and stake, among other things,

People are not well informed about the objectives of the Movement, as well as the rules and regulations that govern cooperative institutions.