RISING OF COOPERATIVES
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RISING OF COOPERATIVES Every co-operative society, that includes a share capital shall give within the bye-laws the most quantity of such share capital, the amount of shares into that it's divided, the category of shares, the face worth of every share of every category and also the rights and liabilities attaching to every category of shares
RISING OF COOPERATIVES In addition, wherever the complete quantity of the shares is not collectible on allotment and the number of installments during which it is needed to be paid and such different incidental matters.
RISING OF COOPERATIVES Any co-operative society, that is permitted underneath its bye-laws to boost funds by the difficulty of debentures and bonds might, with the previous sanction of the Registrar, frame laws relating to the most quantity to be raised by the difficulty of debentures and bonds, the category or categories of debtors and bonds,
RISING OF COOPERATIVES The face worth of each-debenture or bond, the date on that the debentures or bonds square measure to be ransomed, the speed at that interest is collectible, the terms and conditions relating to transfer of debentures and bonds and different incidental matters.
RISING OF COOPERATIVES The overall quantity of debentures and bonds issued at any time at the side of the opposite liabilities incurred by the society shall not exceed the most quantity that the society will borrow underneath the provisions of rule sixty-eight, and its byelaws.
RISING OF COOPERATIVES The Registrar might, by general or special order, lay down such extra conditions because the societies might receive deposits, issue debentures or raise loans from any soul apart from the finance Bank.
IMPORTANCE OF COOPERATIVES • A cooperative may be a member-owned and controlled business that operates for the mutual good thing about its members. • Co-operatives operate across all sectors of Indian economy and embrace agriculture, food distribution and selling, childcare, credit unions, purchasing, worker-owned, housing, healthcare, energy and telecommunications co-operatives.
IMPORTANCE OF COOPERATIVES Co-operatives promote the fullest attainable participation within the economic and social development of all folks and are a significant economic force in developed countries and a robust business model in developing ones.
IMPORTANCE OF COOPERATIVES • Worldwide, around one billion folks are members of cooperatives. • The economic activity of the most important three hundred cooperatives within the world equals the tenth largest economic system.