CCOS Rules 6Chapter II · Registration

Section 6 · [ Matters in respect of which bye-laws of a society may be made. [Substituted by notification No. 5-7-94-XV-1, dated 21-7-95.]

(1)

Every application for registration under sub-section (1) of Section 7 shall be accompanied by bye-laws dealing with the following matters:-

(a)

the name, address and area of operation of the society;

(b)

objects of the society;

(c)

the services to be provided to its members;

(d)

the eligibility for obtaining membership;

(e)

the procedure for obtaining membership;

(f)

the terms and conditions for continuing as member;

(g)

the time limit before which a potential member must seek and obtain membership in order to continue to use the services of the society;

(h)

the procedure for withdrawal/transfer of membership;

(i)

the procedure for termination and cessation of membership;

(j)

the rights of members;

(k)

the fixation of minimum performance required annually of each member vis-a-vis use of services, financial commitment and participation in meetings, in order to be eligible to exercise the right of membership including the right of vote;

(l)

the consequences of default in payment of any sum due to a member;

(m)

the nature and amount of capital, if any, of the society;

(n)

the maximum capital to which a single member can subscribe;

(o)

the nature and extent of the liability of the members for the debts contracted by the society;

(p)

the sources and types of funds to be raised by the society;

(q)

the purposes for which the funds may be applied;

(r)

the extent and conditions under which deposits, loans, debentures and other funds may be mobilised;

(s)

the conditions and purposes for which State aid and aid from other financial institutions may be obtained;

(t)

the manner of disposal of surplus;

(u)

the constitutions of various funds, reserves and their purposes;

(v)

the manner of convening general and other special meetings and quorum thereof;

(w)

the frequency of general meetings;

(x)

the role of the general body and subjects which shall be dealt with by the general body;

(y)

the manner of making or amending bye-laws;

(z)

the procedure for conducting elections;

(aa)

the procedure for conducting election in case the Registrar fails to do so;

(bb)

the constitution of the board of directors;

(cc)

eligibility for becoming director;

(dd)

conditions for retaining directorship;

(ee)

the terms of office of the directors, chairman and office bearers;

(ff)

the procedure for removal of Chairman, office bearers, directors and for filling of vacancies;

(gg)

the manner of convening the board meetings and its quorum;

(hh)

the frequency of board meetings;

(ii)

powers and functions of office bearers including chairman;

(jj)

powers and functions of Chief executive;

(kk)

penalties for acting against the interest of members and for non-fulfillment of duties by members, directors and staff;

(ll)

the appointment and role of auditors and procedure for conduct of audit where the society fails to make necessary arrangements and time limit for audit compliance;

(mm)

the authorisation of an officer or officers to sign documents and to institute and defend suits and other legal proceedings on behalf of the society;

(nn)

the terms on which a SOciety may deal with nonmembers;

(oo)

the terms on which a society may associate with other cooperative societies;

(pp)

the terms on which a society may deal with other than co-operative;

(qq)

the rights, if any, which the society may confer on any society or other federations and the circumstances under which these rights may be exercised by the federation/s;

(rr)

the manner of disposal of funds under liquidation;

(ss)

the accounting year for the society;

(tt)

the transfer of shares and interest in the name of a nominee in case of death of a member;

(uu)

the procedure of dissolution of the society;

(vv)

the restriction, if any, on services to non-members;

(ww)

to organise self-help groups of people living in its area and to conduct education and training programmes.

(2)

The bye-laws of a society may provide for such other matters not specified above, as are incidental to the organisation of the society and the management of its business.]

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