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    who regulates the registration and other activities of a cooperative society

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    Who regulates the registration and other activities of a cooperative society?a)NABARDb)SBIc)SEBId)RCSCorrect answer is option 'D'. Can you explain this answer?

    The Registrar, Cooperative Societies, delegated by the Lt.Governor, Delhi under Delhi Cooperative Societies Act, 2003, heads the Cooperative Department and assumes a crucial part in checking the working of Cooperative Societies enrolled under the Act.

    UPSC Question  >  Who regulates the registration and other acti...

    Who regulates the registration and other activities of a cooperative society?

    a) NABARD b) SBI c) SEBI d) RCS

    Correct answer is option 'D'. Can you explain this answer?

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    Kunaal Satija Jun 10, 2022 Related

    Who regulates the registration and other activities of a cooperative society?a)NABARDb)SBIc)SEBId)RCSCorrect answer is option 'D'. Can you explain this answer?

    The Registrar, Cooperative Societies, delegated by the Lt.Governor, Delhi under Delhi Cooperative Societies Act, 2003, heads the Cooperative Department and assumes a crucial part in checking the working of Cooperative Societies enrolled under the Act.

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    स्रोत : edurev.in

    cooperative society

    The cooperative society is a voluntary organisation of persons, who meet together with the aim of the benefit for the members of the society.

    Cooperative Society – Types, feature and benefits

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    Meaning of cooperative society

    Contents [hide]

    Meaning of cooperative society

    How can we form a cooperative society?

    Features of a Cooperative Society

    Objectives of cooperative society

    Types of Cooperative Society

    Housing Cooperative Society

    Producer Cooperative Society

    Consumer Cooperative Society

    Marketing Cooperative Society

    Benefits of cooperative society

    A Co-operative society can be defined as the community or association of persons getting mutually together for a particular mission of the equivalent region. Accordingly, voluntarily and some like-minded people create a society to meet the financial, cultural and developmental wants. It is a self-governing body regulated by their own members of a society who focus on participating in establishing their policies and plans. The making decisions process is carryout individually for the benefit of the members of the society.

    A cooperative society is created with the chief purpose to help the people and advance the economic status within the society. This society is a universal concept as co-operative societies are active worldwide and are depicted in all the divisions including lifestyle, healthcare, agriculture, finance, food, travelling etc.

    To preserve the benefit to smaller sectors, the co-operative society is created. It is a permissive association of people, whose purpose is the welfare of the members of the society.

    How can we form a cooperative society?

    A co-operative society needs to be established under the Co-operative Societies Act, 1912. It can also be created under the applicable state co-operative society’s regulation. A co-operative society can be created by a minimum of 10 adult members. The members are willing to build a society which needs to have a common interest and bond between them. They may be the citizens of similar locality or operators of some organisation. The fundamental thought is that all the people planning to form society should have few mutual goals to accomplish.

    The application for building society must have the following details:

    Name and address of the society

    Names and addresses of society members

    Objectives and aim of society.

    Share capital and its division.

    A form of admitting new members.

    A copy of the bye-laws of the society.

    The demanded documents are registered in the official website of Registrar of Cooperative Societies. The Registrar views the documents if documents fulfil all the demand documents as per requirements then the society’s name is entered in the register. Certification of registration is assigned to society. The society will shift into a corporate body from the date specified in the certificate. If you are looking forward to Society registration you can visit our website LegalRaasta.

    Features of a Cooperative Society

    The cooperative society has open membership. A co-operative society has voluntary essence. The membership of a cooperative society is open to all people irrespective of caste, colour, race, creed, or gender. When a co-operative society formed, no difference can be made on the basis of creed, caste, gender and race. For example, a housing society of doctors of a particular hospital or clinics is formed and non-doctors may be refused for membership the co-operative society formed by doctors.

    The co-operative society’s managing board can also suspend any member for any misbehave and undisciplined activities. The subscription list of the society is not blocked after a set period and there is no such barrier in time duration that how long the society will stay. The co-operative society’s managing board can also suspend any member for any misbehave and undisciplined activities.

    The cooperative society serves on the policy of mutual cooperation & welfare. Therefore, the principal of service rules it’s operating. If any profit is generated, it is divided between the members as a share in compliance with the bye-laws of the co-operative society.

    There is a restricted liability of the members in co-operative society. Liability is confined to the measure the amount offered by members as capital.

    The society does not get affected by the entrance or departure of its members.

    Objectives of cooperative society

    The functioning of business activities are honest and genuine

    To implement supportive services to the members of the cooperative society and never aims to gain the profit.

    The society produces, offer and deliver the quality /standard goods. Also, they deliver goods to the end customers.

    To support each other mutually with a great understanding and not to have competition among themselves.

    Types of Cooperative Society

    The cooperative societies have people of all the fields and work for different kind of groups. So to make a common field of interest for the people, they categorized in different cooperatives societies. The types of cooperative societies.

    स्रोत : www.legalraasta.com

    Register Cooperative Societies

    The Ministry of Commerce, Industry, Labour and Immigration of the Solomon Islands Government provides effective and efficient commercial, labour and immigration services to give Solomon Islanders more opportunities and enable them to improve and sustain their livelihoods.

    Ministry of Commerce, Industry, Labour and Immigration

    Business and Cooperatives Development

    Foreword About the Division

    Functions of the Division

    Training & Development

    Research & Development

    Establish & Promote Associations

    Support Small & Medium Enterprises

    Support Cooperative Societies

    Register Cooperative Societies

    Policy and Legislative Review

    Division Resources Contacts

    Departments & Units Business and Cooperatives Development Functions of the Division

    Register Cooperative Societies

    The Business and Cooperatives Development Unit is responsible for registering and keeping a register of cooperative societies that operate within the Solomon Islands.

    This responsibility is carried out by the Registrar of Cooperative Societies who also heads the Cooperative Society Unit within the Division.

    The Registrar, along with members of his Unit, carries out this function in accordance with the  Cooperative Societies Act (Cap 164) of 1969.

    The Registrar also has the power to de-register cooperative societies as well as to oversee the auditing, inspection and if necessary, the liquidation of cooperative societies. The Registrar and his Unit also ensure that cooperative societies comply with the requirements of the Cooperative Societies Act.

    In cases of dispute, the Registrar can conciliate or if necessary, arbitrate or appoint an arbitrator to settle the dispute.

    Director’s Note

    Greetings from the Office of the Registrar of Cooperative Societies in Solomon Islands!

    Indigenous community businesses throughout the country; whether your locality is in urban centers or rural areas, individuals, researchers, students, stakeholders and friends of cooperatives, if you would like:

    to register your entity;

    to know more about the cooperative movement in SI;

    to know about the current status of a registered cooperative society;

    to legally deregister a cooperative society;

    to have access to any information or advice regarding a registered cooperative (esp. members) or;

    any other matter affecting the affairs of a registered cooperative, please contact our office as we are there to assist you.

    History of Cooperative Societies in Solomon Islands

    Cooperative societies are recognized as a suitable type of business organization in the Solomon Islands. They are appropriate because of the communal ownership of land and other resources. The first attempt to start cooperative movement in Solomon Islands was in 1952 with the first appointment of a Colonial Cooperative Officer but was then collapsed in 1953. The then colonial administration believed that the movement should be seen as a kind of development which portrays self-help, promotes self-sufficiency and promotes good business practices.

    In 1957, the co-operative movement was revived with the establishment of the co-operative division, the appointment of the first Registrar of Co-operatives by then Colonial Government and the enactment of its own ordinances and legislation. The Solomon Islands Cooperative Societies Act Chapter 73 now re-numbered to Chapter 164 of the Solomon Islands Laws as well as the co-operative principles. This Act which is currently in force today is under major review.

    It has been utilized as a general guideline whereby co-operatives have been using it as a “policy” in streamlining their operations. In practice, this “policy” is more statutory and regulatory in nature utilized for the purpose of supervision.

    The co-operative though has come to light in a hope to bring people together in social and economic participation for their own benefits. The general idea was based on “united we stand while divided we fall”.

    Despite co-operatives are another type of business organizations, there are differences, from private businesses. The main difference is motive or objectives of the two or so ways. When people form a co-operative business, their aim is to help each other, so that all benefits are shared equally among them, where as when an individual owns a business, all benefits are kept to himself, thus become richer while the majority remain poor. Rather than one person exploiting the community, the co-operatives’ aims to stop this, thus to group together and help each other for common social and economic benefits. This will not only raise the standard of living among the communities but will also contribute to the economic development of the country as well.

    The main emphasis of co-operative development in the Solomon Islands from the very beginning has always been placed on consumer co-operatives in the form of rural trade stores. This is a relatively narrow concept being mainly the distribution of consumer goods together with the idea that co-operatives serve members mainly by way of distributing bonuses at the end of each financial year. This has created a negative image for co-operatives in times where individually or community owned enterprises come into competition with consumer co-operatives and where management problems, in-appropriate use of credits and lack of working capital have led to the collapse of many such societies.

    The co-operative division has seen as a narrow concept of co-operation, thus extended wide as productive undertaking in the fields of agricultural production, fisheries, forestry, processing, marketing, and small scale manufacturing. These are not only seen as rural people making use of their resources, but also with an aim of increasing employment opportunities and increase in export earnings.

    स्रोत : www.commerce.gov.sb

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