unit 1 - 2 types of co-operatives
TRANSCRIPT
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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