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 1] [Section 11] [Entire Act]

NCT Delhi - Subsection

Section 11(2) in The Delhi Co-Operative Societies Act, 2003

(2)In particular and without prejudice to the generality of the foregoing power, such bye-laws may provide for all or any of the following matters, namely :-
(a)the name, address and area of operation of the society;
(b)the objects of the society;
(c)the services to be provided to its members;
(d)the eligibility for obtaining membership;
(e)the procedure for obtaining membership;
(f)the conditions for continuing as member;
(g)the procedure for withdrawal of membership;
(h)the transfer of membership;
(i)the procedure for expulsion from membership;
(j)the rights and duties of the members;
(k)the nature and amount of capital of the society;
(l)the manner in which the maximum capital to which a single member can subscribe;
(m)the sources from which the funds may be raised by a co-operative society;
(n)the purpose for which the funds may be applied;
(o)the manner of allocation or disbursement of net profits of co-operative society;
(p)the constitution of various reserves;
(q)the manner of convening general meetings and quorum thereof other than those provided under this Act;
(r)the procedure for notice and manner of voting in general and other meetings;
(s)the procedure for amending the bye-laws;
(t)the number of members of the committee not exceeding twenty one;
(u)the term of office of elected members of a committee shall be three years;
(v)the procedure for removal of members of the committee and for filling of vacancies;
(w)the manner of convening committee meetings, its quorum, number of such meetings in a year and venue of such meetings;
(x)the frequency of committee meetings;
(y)the powers and functions of the paid executive;
(z)the manner of imposing the penalty;
(za)the appointment, rights and duties of auditors and procedure for conduct of audit;
(zb)the authorisation of officers to sign documents, operate of bank accounts and to institute and defend suits and other legal proceedings on behalf of the society;
(zc)the terms on which a co-operative society may deal with persons other than members;
(zd)the terms on which a co-operative society may associate with other cooperative societies;
(ze)the terms on which a co-operative society may deal with organisations other than co-operative societies;
(zf)the procedure and manner for transfer of shares and interest in the name of a nominee in case of death of a member;
(zg)the educational and training programmes to be conducted by the cooperative society;
(zh)the principal place and other places of business of the co-operative society;
(zi)the minimum level of services, to be used by its members;
(zj)any other matter which may be prescribed.