Article 243ZH ('Definitions') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: In this Part, unless the context otherwise requires,— (a) "authorised person" means a person referred to as such in article 243ZQ; (b) "board" means the board of directors or the governing body of a co-operative society, by whatever...
Article 243ZI ('Incorporation of co-operative societies') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: Subject to the provisions of this Part, the Legislature of a State may, by law, make provisions with respect to the incorporation, regulation and winding up of co-operative societies based on the principles of voluntary formation,...
Article 243ZJ ('Number and term of members of board and its office bearers') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) The board shall consist of such number of directors as may be provided by the Legislature of a State, by law: Provided that the maximum number of directors of a co-operative society shall not exceed twenty-one: Provided further...
Article 243ZK ('Election of members of board') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) Notwithstanding anything contained in any law made by the Legislature of a State, the election of a board shall be conducted before the expiry of the term of the board so as to ensure that the newly elected members of the board assume...
Article 243ZL ('Supersession and suspension of board and interim management') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) Notwithstanding anything contained in any law for the time being in force, no board shall be superseded or kept under supersession for a period exceeding six months: Provided that the board may be superseded or kept under suspension...
Article 243ZM ('Audit of accounts of co-operative societies') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) The Legislature of a State may, by law, make provisions with respect to the maintenance of accounts by the co-operative societies and the auditing of such accounts at least once in each financial year. (2) The Legislature of a State...
Article 243ZN ('Convening of general body meetings') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: The Legislature of a State may, by law, make provisions that the annual general body meeting of every co-operative society shall be convened within a period of six months of close of the financial year to transact the business as may be...
Article 243ZO ('Right of a member to get information') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) The Legislature of a State may, by law, provide for access to every member of a co-operative society to the books, information and accounts of the cooperative society kept in regular transaction of its business with such members. (2)...
Article 243ZP ('Returns') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) Every co-operative society shall file returns, within six months of the close of every financial year, to the authority designated by the State Government including the following matters, namely:— (a) annual report of its...
Article 243ZQ ('Offences and Penalties') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: (1) The Legislature of a State may, by law, make provisions for the offences relating to the co-operative societies and penalties for such offences. (2) A law made by the Legislature of a State under clause (1) shall include the...
Article 243ZR ('Application to multi-State co-operative societies') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: The provisions of this Part shall apply to the multi-State co-operative societies subject to the modification that any reference to "Legislature of a State", "State Act" or State Government" shall be construed as a reference to...
Article 243ZS ('Application to Union territories') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: The provisions of this Part shall apply to the Union territories and shall, in their application to a Union territory, having no Legislative Assembly as if the references to the Legislature of a State were a reference to the administrator...
Article 243ZT ('Continuance of existing laws') is part of Part IX-B (The Co-operative Societies, inserted by the 97th Constitutional Amendment Act, 2011). It safeguards autonomous, member-driven co-operative societies (housing societies, dairy/agricultural co-operatives, credit societies) by regulating board elections, 5-year terms, annual general meetings, independent financial audits, and every member's right to inspect society accounts and records. Specifically: Notwithstanding anything in this Part, any provision of any law relating to co-operative societies in force in a State immediately before the commencement of the Constitution (Ninety-seventh Amendment) Act, 2011, which is inconsistent with...
