Working Culture of Cope Rat Ives

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WORKING CULTURE

OF

CO OPERATIVES

BY

Ajit kumar verma PGDM



Bylaws

• The co-op’s bylaws provide a more detailed description of the

cooperative’s internal structure and operations. They are a set

of written rules for how the co-op will function and govern

itself. Bylaws are not usually filed with the state in which the

co-op will operate, but they are considered legally binding on

the cooperative and its members.



RIGHTS OF THE COPERATIVES

MEMBERS

1. Every member has one vote in the affairs of the Societyirrespective of number of shares held. All the members have right tocontest election for the post of Director.

2. The members have right to get dividend on their shares if there is

surplus.3. Members have the right to propose any resolution and to participate

in the affairs of the society.

4. A member in combination with other member has right to requestfor calling the special general body meeting of the society if thesituation so demand.

5. The member has and also right to approach the Registrar to knowabout his rights and also bring to the knowledge of Registrar anyirregularities noticed by him



DUTIES

1. A member should remain loyal to the society.

2. He should adhere to the constitution of the society andfaithfully assist the management in carrying on their duties.

3. He should follow a code conduct in his behavior with the

other members of the society.4. He should also repay loan/dues from him in time to the

society.

5. He should not shy away from actively participating in theGeneral Body Meeting.

6. He should carefully go through the Audit Report and AnnualReport submitted before the General Body and offer hissuggestions and point out remedial measures to rectify theirregularities.



POWER AND FUNCTIONS OF

GENERAL BODY

1. The powers and functions of a General Body of a Cooperative Society in brief are:-

2. To approve the programme of the activations of the society prepared by theManaging Committee for the en-suing year.

3. To conduct election if any, of the members of the committee other thannominated members.

4. To approve the Audit Report and the Annual Report.

5. To decide the manner of disposal of the net profit.

6. To deliberate and approve the Annual Budget.

7. To decide about the expulsion of members if found indulged in anti-society

activities as per provision of byelaws.8. To write off bad debts subject to approval of the Registrar of Cooperative

Societies.

9. Amendment in Bye-Laws subject to the Registrar of Coop. Societiesapproval.



Duties of Directors

•States the director’s specific powers and responsibilities,including: guiding the cooperative and articulating its mission,goals, and policies and periodically reviewing those goals.

Authorizes directors to employ a manager, define themanager’s duties, determine his or her compensation andevaluate his or her job performance. Specifies the director’sresponsibility to maintain an appropriate accounting systemand have the co-op’s books audited or reviewed annually.

This section also specifies the board’s responsibility toindemnify directors, officers and management against liability.



• Specifies the duties of the president, vice president,secretary, and treasurer. Also describes the terms of officers and excused absences from board meetings.

• Membership Capital Contributions

•Specifies the required equity contribution by membersand the method by which the co-op will collect thecontribution; what type of stock the cooperative has theauthority to issue; and any requirements regarding theco-op’s stock certificates.

• Profits and Losses



• Specifies how the co-op’s profits, if any, will be distributed based on

each member’s patronage with the co-op. In addition, any losses

experienced by the co-op must be allocated across the

membership.



Dissolution

• Identifies a procedure for dissolving the cooperative, and specifies the

distribution of any remaining assets.

Working Culture of Cope Rat Ives

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