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Co-operative Societies

17-JUL-2015 16:55

    Co-operative Societies

    The main purpose of co-operative societies is to provide service to its members. It is a kind of business where individuals belonging to the same class and similar profession join their hands for the promotion of their common goals.

    Constitutional Provisions

    Article 19 states that the Right to form co-operative societies is a fundamental right. Article 43-B provides for the promotion of co-operative societies (DPSP) and states that the State shall endeavour to promote voluntary formation, autonomous functioning, democratic control and professional management of co-operative societies.

    243ZH deals with Definitions
    243ZI deals with the in-corporation of Co-operative Societies
    243ZJ deals with the number and term of members in board and its office bearers
    243ZK-Election of members of board
    243ZL-Suppression and suspension of board and interim management
    243ZM-Audit and accounts of co-operative societies
    243ZN-Convening of general body meetings
    243ZO-Right of a member to get information
    243ZP-Returns
    243ZQ-Offences and penalties
    243ZR-Application to multi-state co-operative societies
    243ZS-Application to Union Territories
    243ZT-Continuance of existing laws

    Operating of the Model and Analysis of the Situations of Cooperative in India

    Cooperatives are by default very prevalent in India, as being a developing country. Cooperative is a cause as well as consequences of rural development in India. At present there are more than 5 lakhs rural cooperatives existing in India. Now, they occupy an important place in India‘s rural economy and development in terms of their membership, business turn over, and contribution to the socio-economic welfare of their members. Rural development has had tremendous dependency on the success of cooperative societies in India. They have performed well in some sectors in some places and badly in many other places. Its analysis can be thus understood by the following points:

    • Majority of the co-operatives in India are small-scale enterprises and even the big ones were small when they started.
    • The leadership of small cooperatives are looked after by managers and secretary level officers.
    • Other members look after daily chores of the cooperatives
    • Discipline and punctuality is not visible in most of the cooperatives
    • Cooperatives also lack in proper sanitation and basic infrastructural aspects.
    • Working efficiency and standard procedure are also well below the normal level.
    • Chairman and managers have the last say in the operation of cooperatives in India. They keep interfering in the matters of cooperative.
    • Similar interferences can also be seen in larger cooperatives by local politicians.
    • At times, these cooperatives are overstaffed just to have electoral benefits by politicians
    • Even skilled personals are underpaid and hence the efficiency goes down gradually.
    • Relation between board and managers are mot good
    • Rewards are not based on the performance.
    • Working conditions are very poor

    Jagranjosh

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