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Rajasthan State Cooperative Socities Act 2001
Act ID: 2015
Rajasthan State Cooperative Socities Act 2001
"RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD BYE-LAWS"
Table of Contents
39 Sections
Ch.
Sections
S.1
NAME AND ADDRESS
S.2
DEFINATIONS
S.3
OBJECTIVES
S.4
FUNDS
S.5
MEMBERSHIP
S.6
The liability of a member shall be limited to
S.7
A share certificate shall be issued every time, when a share is subscribed by a member
S.8
The properties and funds of the Federation shall be invested in accordance with the Act and Rules of the State
S.9
No member once affiliated shall seek disaffiliation without the permission of the Registrar, unless it is dissolved
S.10
Subject to the provisions of the State Co-operative Societies Act, any member may be expelled by a special resolution passed at the General Body Meeting for any of the following reasons
S.11
The member may transfer the share (s) after holding for at least one year to another member with the approval of the Board of Directors of the Federation. No transfer shall be considered complete, until the name of the transferee has been entered into the share transfer Register and a fee of Rs. 1.00 per share has been paid
S.12
CESSATION OF MEMBERSHIP
S.13
OBLIGATIONS OF MEMBERS
S.14
ORGANIZATION AND MANAGEMENT
S.15
GENERAL MEETING
S.16
ANNUAL GENERAL MEETING
S.17
VOTING RIGHTS
S.18
Special General Meeting of the Federation shall be called with 15 days notice, stating the date, time and Place at which and the purpose for which such meeting will be held
S.19
Decision shall be taken by majority of votes. In the case of equality of votes, the Chairman shall have a casting vote in addition to the votes to which he may be entitled to as a member
S.20
BOARD OF DIRECTORS
S.21
BOARD OF DIRECTORS
S.22
No member shall be allowed to participate or vote on the proceedings of any matter in which he has personal or any other interests
S.23
No member shall be allowed to participate or vote on the proceedings of any matter in which he has personal or any other interests
S.24
The Board may meet as often as it considers necessary but it shall meet once in every three months
S.25
The Chairman of the Union which fails to fulfill the obligations as laid down in the bye-laws, shall cease to continue as a member of the Board
S.26
POWER, RESPONSIBILITIES AND FUNCTION OF THE BOARD:
S.27
The Board shall be competent to frame subsidiary rules consistent with the provisions of the Act. Rules and Bye-laws for the proper conduct of the business of the Federation. These rules shall be implemented after the approval of the Registrar
S.28
The Board shall have powers to issue a common seal for the business of the Federation and it shall not be used except by the authority for the Board or the Managing Director. Every deed or document to which the seal is affixed, shall be countersigned by the Managing Director and/or the Chairman as may be decided by the Board
S.29
MANAGING DIRECTOR
S.30
PROGRAMMING COMMITTEE
S.31
FUNCTIONS OF THE PROGRAMMING COMMITTEE :
S.32
In case of urgency, when a particular decision can not wait till the Board meets, the decision may be carried out by a circular resolution amongst all its members and any resolution so approved by all the members duly signed shall be considered as effective and binding, as if such resolution had been passed at a meeting of the Board
S.33
DISTRIBUTION OF NET PROFIT
S.34
RESERVE FUND
S.35
ACCOUNTS AND RECORDS
S.36
In case of absence of provisions or inconsistency or repugnancy in the Bye-Laws of the member Unions the Bye-laws of the Federation shall prevail subject to the provisions of the Act and Rules
S.37
AMENDMENTS
S.38
SERVICE OF NOTICE:
S.39
INTERPRETATION OF THESE BYE-LAWS
Rajasthan State Cooperative Socities Act 2001
Act ID: 2015
Rajasthan State Cooperative Socities Act 2001
"RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD BYE-LAWS"
Table of Contents
39 Sections
Ch.
Sections
S.1
NAME AND ADDRESS
S.2
DEFINATIONS
S.3
OBJECTIVES
S.4
FUNDS
S.5
MEMBERSHIP
S.6
The liability of a member shall be limited to
S.7
A share certificate shall be issued every time, when a share is subscribed by a member
S.8
The properties and funds of the Federation shall be invested in accordance with the Act and Rules of the State
S.9
No member once affiliated shall seek disaffiliation without the permission of the Registrar, unless it is dissolved
S.10
Subject to the provisions of the State Co-operative Societies Act, any member may be expelled by a special resolution passed at the General Body Meeting for any of the following reasons
S.11
The member may transfer the share (s) after holding for at least one year to another member with the approval of the Board of Directors of the Federation. No transfer shall be considered complete, until the name of the transferee has been entered into the share transfer Register and a fee of Rs. 1.00 per share has been paid
S.12
CESSATION OF MEMBERSHIP
S.13
OBLIGATIONS OF MEMBERS
S.14
ORGANIZATION AND MANAGEMENT
S.15
GENERAL MEETING
S.16
ANNUAL GENERAL MEETING
S.17
VOTING RIGHTS
S.18
Special General Meeting of the Federation shall be called with 15 days notice, stating the date, time and Place at which and the purpose for which such meeting will be held
S.19
Decision shall be taken by majority of votes. In the case of equality of votes, the Chairman shall have a casting vote in addition to the votes to which he may be entitled to as a member
S.20
BOARD OF DIRECTORS
S.21
BOARD OF DIRECTORS
S.22
No member shall be allowed to participate or vote on the proceedings of any matter in which he has personal or any other interests
S.23
No member shall be allowed to participate or vote on the proceedings of any matter in which he has personal or any other interests
S.24
The Board may meet as often as it considers necessary but it shall meet once in every three months
S.25
The Chairman of the Union which fails to fulfill the obligations as laid down in the bye-laws, shall cease to continue as a member of the Board
S.26
POWER, RESPONSIBILITIES AND FUNCTION OF THE BOARD:
S.27
The Board shall be competent to frame subsidiary rules consistent with the provisions of the Act. Rules and Bye-laws for the proper conduct of the business of the Federation. These rules shall be implemented after the approval of the Registrar
S.28
The Board shall have powers to issue a common seal for the business of the Federation and it shall not be used except by the authority for the Board or the Managing Director. Every deed or document to which the seal is affixed, shall be countersigned by the Managing Director and/or the Chairman as may be decided by the Board
S.29
MANAGING DIRECTOR
S.30
PROGRAMMING COMMITTEE
S.31
FUNCTIONS OF THE PROGRAMMING COMMITTEE :
S.32
In case of urgency, when a particular decision can not wait till the Board meets, the decision may be carried out by a circular resolution amongst all its members and any resolution so approved by all the members duly signed shall be considered as effective and binding, as if such resolution had been passed at a meeting of the Board
S.33
DISTRIBUTION OF NET PROFIT
S.34
RESERVE FUND
S.35
ACCOUNTS AND RECORDS
S.36
In case of absence of provisions or inconsistency or repugnancy in the Bye-Laws of the member Unions the Bye-laws of the Federation shall prevail subject to the provisions of the Act and Rules
S.37
AMENDMENTS
S.38
SERVICE OF NOTICE:
S.39
INTERPRETATION OF THESE BYE-LAWS