Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 53] [Entire Act]

State of Karnataka - Subsection

Section 53(7) in The Karnataka Souharda Sahakari Act, 1997

(7)The Federal Co-operative shall perform the following functions, namely:-
(a)promote and organise Co-operative and for this purpose frame model bye-laws and issue guidelines for framing various policies for Co-operatives in accordance with co-operative principles;
(b)provide co-operative training, education and information and propagate co-operative principles;
(c)undertake research and evaluation and assist in the preparation of perspective development plans for the member Co-operatives;
(d)promote harmonious relations between member Co-operatives;
(e)[ ***] [Omitted by Act 16 of 2005 w.e.f. 1.6.2005.]
(f)provide management development services to member Co-operatives including participation in board meetings when required;
(g)evolve code of conduct for member Co-operatives;
(h)evolve viability norms for member Co-operatives;
(i)provide legal assistance and advice to member Co-operatives;
(j)provide any other services at the behest of member Co-operatives;
(k)promote new forms of Co-operative enterprises;
(l)constitute and maintain a Co-operative education fund;
(m)undertake experimental projects towards the application of Co-operative ideology;
(n)liaison on behalf of and amongst Co-operatives;
(o)serve as data bank of Co-operatives;
(p)represent the interest of member Co-operatives;
(q)ensure conduct of audit, elections and general body meetings of its member Co-operatives within the time stipulated;
(r)undertake business and services on behalf of the member Co-operatives;
(s)convene the special general body meeting where a member Co-operative fails to convene such a meeting under sub section (2) of section 30;
(t)[***] [Omitted by Act 4 of 2013 w.e.f. 11.02.2013.]
(u)[ have the power of inspection of the member Co-operatives: [Substituted by Act 21 of 2004 w.e.f. 31.3.2004.]
Provided that in the case of a Co-operative Bank, no action under this clause shall be taken unless it has the approval of the Reserve Bank.]