Month: October 2021

CHARGES BY CO-OPERATIVE SOCIETIES Creating charge over society’s property A co-operative society may from time to time, charge the whole or any part of its property, if its by-laws expressly empower it to do so, subject to a special resolution Read More …

PROPERTY AND FUNDS OF CO-OPERATIVE SOCIETIES Application of society’s property and funds The property and funds of a co-operative society shall only be applied for the benefit of the society and, its members, in accordance with the provisions of this Read More …

RIGHTS AND OBLIGATIONS OF CO-OPERATIVE SOCIETIES Society to have charge over member’s produce A co-operative society which has as one of its objects the disposal of any agricultural produce, may enter into a contract with its members, either in its Read More …

AMALGAMATION AND DIVISION OF CO-OPERATIVE SOCIETIES Amalgamation of co-operative societies Any two or more co-operative societies (hereinafter referred to as amalgamating societies) may, by special resolution (in this section referred to as the preliminary resolution), resolve to amalgamate as a Read More …

MANAGEMENT OF CO-OPERATIVE SOCIETIES General meetings The supreme authority of a co-operative society shall be vested in the general meeting at which members shall have the right to attend, participate and vote on all matters. Subject to subsection  a co-operative Read More …