Tags

, ,

Duty of Administration Members of Multi State:-

As far the interim management committee list is concerned who accountable for the management and handling of the society, the society should have minimum 7 members and this list can increase to 21 members. After the 97th Constitutional Change Act 2011 from February 2013, it is necessary to keep 2 girls and 1 extra member who belongs to Scheduled Caste or to Scheduled People in the main governing body list. Till today, there are 900-950 Multi State Cooperative Societies from which optimum are credit. The governing body members take part in annual general body conferences, unique general body conferences, resolutions, notification, quorums and so on. Just for example in a credit cooperative society, if the society wants to make any scheme like gold loan, automobile loan, taken care of deposit loan, double deposit strategy, triple deposit plan or any unique scheme, the society has to give a prior 15 days see to all its members by speed post, newspaper publication etc. After 15 days, the basic body conference is performed. If the quorum is one-fifth of the total members present and voting during the resolution, the meeting can only happen. The signatures of the governing body members in addition to regular members present and ballot are taken in the minutes book and preserved for future records. The unique general body conference can be conducted by offering a notification of at least 7 days. A society needs to carry out at least 4 general body conferences in every financial year. Furthermore, in every financial year, the society needs to employ a chartered accountant in a basic body conference by passing a resolution. This CA looks after the accounts of the society and submits the balance sheets and tax return. The societies other than Credit, Housing and Multi Function can gather cash from its members on the basis of shared allocation and advance. They can offer dividends to their members on shares and refund on advance. As per the regulations of MSCS Act 2002, an individual already being a member of a society can not be a member of a multi state cooperative society of the same kind.

cooperative society,
cooperative societies,
multi state cooperative society

Advertisements