Matters Covered by Bye-laws

The bye-laws of a co-operative society shall, subject to the provisions of the Act and the rules, cover the following matters, namely ;- (i) The name and headquarters of the society: (ii) the area of its operation; (iii) the primary objects of the society; (iv) the secondary objects of the society; (v) the extent, manner and terms for raising of funds and the minimum and maximum amount of share capital which a member may hold; (vi) the purposes for which its funds may be applied; (vii) admission to membership, conditions and qualification for the same; (viii) disqualifications for membership; (ix) the payment to be made and interest to be acquired as a condition precedent to the exercise of right of membership and payment, if any, to be made thereafter, (x) the privileges, rights, duties and liabilities of members including nominal and associate members; (xi) the consequences of default in payment of any sum due by a member; (xii) the consequences of breach of bye-laws by members; (xiii) the constitution of the general body of the society; (xiv) withdrawal, removal and expulsion from membership; (xv) constitution of the committee of management and also of sub-committees, if any; (xvi) convening of the meetings of the general body, committee of management and other sub-committees, if any, notice, business and quorum for such meetings, conditions and manner of postponement and adjournment of such meetings; (xvii) functions, powers and duties of committee of management, sub-committees and Chairman, Vice- chairman, Secretary and other honorary or paid officers of the society; (xviii) appointment, suspension, removal and punishment of officers and employees of the society subject to the provisions of regulations framed under Sections 121 and 122; (xix) admission to the membership of another society and matters connected thereto; (xx) maintenance of accounts, books and registers, preparation and submission of returns and required statements; (xxi) custody, maintenance and keeping of each and valuable documents; (xxii) creation, maintenance and use of funds constituted out of the profits or otherwise; (xxiii) procedure and other matters relating to elections; (xxiv) matters which are incidental to the organization and working of the society and to the management of its business; (xxv) any other matter on which the society is required to make bye-laws under the provisions of the Act or the Rules.