unit 1 - 2 types of co-operatives

8/3/2019 Unit 1 - 2 Types of Co-Operatives

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UNIT 1


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1) Voluntary and Open Membership

2) Democratic Control

3) Limited interest on share capital

4) Equitable Distribution of Surplus

5) Self-help and Mutual-help

6)

Co-operative Educationy Members, Office Bearers, Prospective Co-operatives

7) Co-operation among Co-operatives


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Self-help and Mutual help

Removal of Middlemen

Removal of capitalism evils/Equal distribution of income and

wealth

Prevention of exploitation of working class

Elimination of unfair trade practices

Monopoly in control


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Increasing the weaker sections economic status

Protection of consumers

Development of certain economic activities

Neutrality in religion and politics

Increasing the prosperity of the community

Service to the people


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The Association of Persons

An Undertaking

A Voluntary Organisation

A Democratic Organisation

The keynote is service and not profit

The basis is equality

It is based on proportionality or equity

It is a Socio-economic Movement


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1 Nature of Objects and Activities

2

Quantum of Liability


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5Agricultural MarketingSociety

5Apex Society

5Consumer Society

5Co-operative Bank

5Crop Protection Society

5Farming Society

5Federal Society5Housing Society

5Lift Irrigation Society

5Processing Society

5Resource Society

5General Society


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Societywith

LimitedLiability

Societywith

UnlimitedLiability


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Classification of Cooperativesas per

Maharashtra State Cooperative

Societies Act, 1960


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Section 2(1)

Also known as Farmers Co-operative

Marketing of agricultural produce

Supply of implements and other requisites for agricultural production

Membership all or not less than from agriculturist

E.g

Indian Farmers Fertilizers co-operative Ltd (IFFCO)

Gujarat Co-operative Milk Marketing Federation


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Section 2(1)

The area of operation of which extends to the whole of the state of Maharashtra

Main object

To promote the principal objects of the societies affiliated to it as members and

To provide for the facilities and services to them

Classified as an apex society by the Registrar


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Section 2(9)

The procurement, production or processing, and distribution of goods to, or

The performance of other services

For its members as also other customers, and

The distribution of the profits among its members and customers, in the

proportion, prescribed by rules or by the bye-laws of the society,

Sahyadri Primary Consumer Co-Op Society, Aurangabad


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Section 2(10)

doing business of banking as defined in clause (b) of sub-section (1) of

section 5 of the Banking Companies Act, 1949 and

Includes any society which is functioning or is to function as (an

Agriculture and Rural Development Bank) under Chapter XI.

E.g. Urban Co-operative Banks


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Section 2(10A)

Protection of the crops, structures, machinery,

agricultural implements and other equipment such as

those used for pumping water on the land


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Section 2(12)

the object of increasing agricultural production, employment and income

and the better utilization of resources,

Joint cultivation by all members on land which brought together

such lands

(a) being owned or leased to the members (or some of them), or

(b) coming in possession of the society in any other manner whatsoever


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Section 2(13)

Societies as members

Membership - not less than five societies,

Voting rights - not less than four-fifths of the total number of

votes in the general meeting of such society

e.g. NAFED


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Section 2(16)

Provide its members with open plots for housing, dwelling houses or

flats; or

If open plots, the dwelling houses or flats are already acquired, to

provide its members common amenities and services.

E.g. employees housing society, Metropolitan housing co-operative

society


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Section 2(16A)

Provide water supply, by motive power or otherwise to its

members, For irrigation and otherwise


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Section 2(22)

Main object to process the goods

Agricultural Processing and Industrial Processing

Conversion of sugarcane juice into jaggery

Canning and tinning of salted fish and fruit

Making papers, alcohol, etc.


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Section 2(23)

Main object

the production and disposal of goods or

the collective disposal of the labour of the members thereof

Protect the interest of small producers

By making available items of their need for production like raw materials,

tools and equipments, machinery, etc

Delhi Printers Association,


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Section 2(25)

Main object

obtaining for its members of credit, goods or services required by

them.

E.g. Annapurna Mahila Credit Co-operative Society, Co-

operative Childcare, Women Dairy Cooperatives In Rajasthan


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Section 2(15)

A society not falling in any of the classes of societies

defined by the other clauses of this section.


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Section 2(28)

Limited liability of its members

Bye-laws of society


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Section 2(29)

Unlimited liability of its members

Joint and several liable for contribution to any

deficiency of assets of society during winding up

unit 1 - 2 types of co-operatives

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