What is Maharashtra State Cooperative Society Act?

An Act to consolidate and amend the law relating to co-operative societies in the State of Maharashtra. WHEREAS, with a view to providing for the orderly development of the co-operative movement in the. State of Maharashtra in accordance with the relevant directive principles of State policy enunciated in the.

When the Maharashtra Cooperative Societies Act 1960 was implemented for the whole of Maharashtra?

Maharashtra Co-operative Societies Act, 1960 provides order and laws for development of co-operative societies in the state of Maharashtra. This Act was passed as a law by the Maharashtra legislative assembly in 1960 enacted in the eleventh year of the Indian republic.

What are the rules of co-operative society?

These Rules may be cited as the Co-operative Societies Rules. 2 Register of Societies. The Registrar shall keep or cause to be kept at his office a register to be called “the Register of Societies” wherein shall be entered particulars relating to the registration of societies and their by-laws. 3 Original entries.

Which society Cannot be registered as per the Maharashtra Cooperative Societies Act 1960?

A housing society cannot be registered under the Maharashtra Cooperative Societies Act, unless it consists of at least five persons of different families or at least 51% of the total number of flats that are qualified to become members under this Act join the registration proposal of the housing society.

What is Cooperative Societies Act?

An Act to amend the Law relating to Co-operative Societies. WHEREAS it is expedient further to facilitate the formation of Co-operative Societies for the. promotion of thrift and self-help among agriculturists, artisans and persons of limited means, and for.

Which is the main principle of cooperation?

Values. Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

How do you write society AGM minutes?

Minutes of any Meeting should state the name of the Co-operative Housing Society, time, date, place, type of meeting, a record of the name of the members present in the meeting, etc. Minutes should contain summary of the discussions held leading to the resolution says Adv. R. P. Rathod.

Which is the governing law of a cooperative society?

1.1 Constitution and governing laws The incorporation, regulation and winding up of co-operative societies (other than those operating in more than one State) is a State subject1 and is governed by the State laws on co-operative societies2.

What are the 3 types of cooperatives?

Types of Co-ops

• Consumer Cooperatives. Consumer cooperatives are owned by members who use the co-op to purchase the goods or services that they need.
• Worker Cooperatives.
• Producer Cooperatives.
• Purchasing or Shared Services Cooperatives.
• Multi-stakeholder Cooperatives.

What are the examples of cooperative societies?

Best examples are dairy, fish farmers, weavers and artisans and tribal co-operatives. These are urban and rural financial societies that provide loans to members at low rates of interest, protecting the members from massive debts to traditional moneylending agencies.

Who can attend general body meeting?

“A member whose name stands first in the share certificate is entitled to attend the general body meetings. And in his/her absence, the associate member can attend the meetings,” says Desai. No other person has the right to attend the meetings.

Which is the law governing Housing Societies in Maharashtra?

Housing societies in Maharashtra are governed by the Maharashtra Cooperative Housing Societies Act, 1960 (MCS Act 1960). The Act sets in place a legal and regulatory framework, to supervise and administer the affairs of housing societies.

What was the Maharashtra soceities Coop Act of 1961?

Maharashtra Soceities Coop Act [Maharashtra Act No. XXIV OF 1961] The Maharashtra Co-Operative Societies Act I960. An Act to consolidate and amend the law relating to cooperative societies in the State of Maharashtra-.

What was the Maharashtra ordinance no.XXV of 2018?

MAHARASHTRA ORDINANCE No. XXV OF 2018. AN ORDINANCE further to amend the Maharashtra Co-operative Societies Act, 1960.

Which is an amendment to the MH coop societies Act 1960?

With this ordinance the MH Govt has come out with another sensational Amendment to the MH Coop Societies Act 1960 thereby extending the general body powers to Managing Committee or boards for crucial matters like ✔️subject to ratification in Annual General Meeting .