Schedule 1

B' (See Section 9) Subject matter for specific consideration when framing Bye-Laws 1. Identity of the Co-operative Society: a) The name of the Co-operative; b) The village/town/city where the head office of the Co-operative Society is to be located. c) The custody and the use of the common seal; d) The area of operation from where the membership is to be drawn. 2. Aim and services: a) The aim of the Co-operative Society explicitly stated as a common need of the members which the Co-operative Society aims at fulfilling; b) Key service and support services to members to fulfil the common need stated in the aim; c) The conditions under which services may be provided to non- membership. 3. Membership: a) Eligibility, ineligibilityfor obtaining membership; b) Eligibility, ineligibility for continuing membership; c) Procedure for obtaining membership; d) Procedure for withdrawing membership; e) Procedure for termination of membership; g) Circumstances under which membership ceases; h) Procedure for cessation membership. 4. Member rights and obligations: a) The rights of members; b) Manner of fixation of minimum performance expected annually of each member vis-a'-vis use of services, financial commitment, participation in meetings and adherence to bye-laws, in order to be eligible to exercise the rights of membership including the right vote; c) The consequences of performing below the minimum level fixed; d) The consequences of default in payment of any sum due by a member. S. General Body: a) The role of the General Body and of the Delegates General Body, if any, and subjects which must be dealt with by the General Body and by the Representative General Body, if any; b) The manner and frequency of convening General Meetings, the mode of communication of the intimation of these meetings and quorum required; c) The minutes of proceedings of General Meetings. 6. Board of Directors: a) The size and composition of the Board of Directors; b) Eligibility, ineligibility for becoming Director; c) Eligibility, ineligibility for retaining Directorship; d) The procedure for election including the appointment of election officer, removal of directors, the election of the President, Vice President and representative and filling of casual vacancy; e) The terms of officer of the Directors; f) The frequency of Board Meetings; g) The manner of convening Board Meetings and quorum; h) The functions, responsibilities and powers of the Board; i) The minutes of proceedings of Boards Meetings; j) The function, responsibilities and powers of Directors. 7. Chief Executive and Staff: a) The person to sue or be sued on behalf of the Co-operative Society; b) The manner of appointment and removal of Chief Executive; C) The function, responsibilities and powers of the Chief Executive. 8. Finances: a) The financial year which the Co-operative Society wishes to adopt; b) The manner of ppointment of Auditors and their duties; c) The manner of appointment of Internal Auditors and their duties; d) The nature and amount of equity capital if any, of the Co-operative Society; e) The maximum capital which a single member can hold; f) The types and extent to funds to be raised; G) The purposes for which the funds raised by the Co-operative Society may be applied; h) The debt-equity ratio that the Co-operative Society wishes to maintain at all times,and the maximum external debt that a Co-operative Society wishes to permit itself at any point of time; i) Procedure fortransfer of shares or interest by a member; j) Procedure for redemption of shares by the Co-operative; k) Procedure for transfer or repayment of interest on death of member; I) The nature and extent of the liability of the members for the debts contracted by the Co-operative Society; m) The nature and extent of the liability of the Directors for the debts contracted by the Co-operative Society; n) The manner of disposal offunds if under liquidation. 9. Secondary Co-operative Societies: a) The right, if any, which the Co-operative Society wishes to confer on any Secondary Co-operative Society of which it is a member, and the circumstances under which these rights may be exercised by such Secondary Co-operative Society; b) The procedure of appointing and changing representative to Secondary Co-operative Society. 10. Other matters: a) The manner of making or amending Bye-Laws; b) The manner of constitution and functioning of arbitration council along with the qualification of the members for settlement of disputes; c) The manner and dissolution of the Co-operative Society; d) The language in which the affairs of the Co-operative Society are to be conducted; e) Refunding of loan, guarantee, share capital, grant or subsidy received from Government; f) Other matters which the provision of this Act requires to be provided by the Bye-Laws.