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Example of guarantorship in sacco societies
This is an example of loan security in Sacco societies. It is pretty much the same across the movement in the country.
EXAMPLE OF LENDING REQUIREMENTS IN A SACCO SOCIETY
This is an example of lending requirements in Sacco societies and most requirements here might be the same and some could be slightly different. This example captures majority of lending requirements in Sacco Societies across the country so I can safely say!
PRINCIPLE OF BUSINESS
The document outlines key topics covered in a company's Articles of Association (AoA), including: contents of the AoA; convertible shares; allotment and commencement of business; forfeiture, lien and transfer of shares; borrowing powers; voting; nomination of directors; removal of directors; filling casual vacancies; and remuneration of directors. It provides brief descriptions of the purpose and requirements for each topic as governed by the AoA and relevant sections of the Companies Act.
Apartment Management: Maharashtra Co-Operative Societies Act 1960
Maharashtra Co Operative Societies Act 1960.
ApartmentADDA is India's #1 Apartment Management and Apartment Accounting Software. All the best practices of State Bye-Laws are inbuilt in the product.
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Joint hindu family business - Class 11
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Kiambu county co operative societies bill 2015
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
Ethics and conduct policy for cooperative
This document outlines an ethics and conduct policy for a cooperative that establishes an ethics committee. The ethics committee is responsible for developing and enforcing a code of governance and ethical standards. The policy defines offenses and violations such as conflicts of interest, nepotism, abuse of resources, falsifying records, and more. It also establishes penalties for violations which include warnings, suspensions, or termination depending on the severity of the offense.
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Example of guarantorship in sacco societies
This is an example of loan security in Sacco societies. It is pretty much the same across the movement in the country.
EXAMPLE OF LENDING REQUIREMENTS IN A SACCO SOCIETY
This is an example of lending requirements in Sacco societies and most requirements here might be the same and some could be slightly different. This example captures majority of lending requirements in Sacco Societies across the country so I can safely say!
PRINCIPLE OF BUSINESS
The document outlines key topics covered in a company's Articles of Association (AoA), including: contents of the AoA; convertible shares; allotment and commencement of business; forfeiture, lien and transfer of shares; borrowing powers; voting; nomination of directors; removal of directors; filling casual vacancies; and remuneration of directors. It provides brief descriptions of the purpose and requirements for each topic as governed by the AoA and relevant sections of the Companies Act.
Apartment Management: Maharashtra Co-Operative Societies Act 1960
Maharashtra Co Operative Societies Act 1960.
ApartmentADDA is India's #1 Apartment Management and Apartment Accounting Software. All the best practices of State Bye-Laws are inbuilt in the product.
Joint Hindu Family Business
Hindu Undivided Family Business, Kartha, Copercenres, unlimited liability to Karta, Business ownership, the unique feature of Indian business professional communities
Joint hindu family business - Class 11
This is a presentation that I had made on Joint hindu family business
Hope people find it useful...
Kiambu county co operative societies bill 2015
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
Ethics and conduct policy for cooperative
This document outlines an ethics and conduct policy for a cooperative that establishes an ethics committee. The ethics committee is responsible for developing and enforcing a code of governance and ethical standards. The policy defines offenses and violations such as conflicts of interest, nepotism, abuse of resources, falsifying records, and more. It also establishes penalties for violations which include warnings, suspensions, or termination depending on the severity of the offense.
Difference between huf and partnership
The Hindu Undivided Family (HUF) and partnership are distinct business entities with different characteristics. A HUF arises by status or operation of law based on Hindu principles of joint family, while a partnership arises from an agreement between partners. Members of a HUF are called coparceners and have rights based on birth, whereas partners must consent to new members joining. On death, a partnership may dissolve but an HUF continues until partitioned between family members. Management of an HUF business generally vests in the Karta, while partners equally manage a partnership.
NEWEST CONSTITUTION OF CASHVILLE MULTI-PURPOSE COOPERATIVE SOCIETY LIMITED
NEWEST CONSTITUTION OF CASHVILLE MULTI-PURPOSE COOPERATIVE SOCIETY LIMITEDDr. Henry Akpojubaro Efegbere
This document outlines the bylaws of the Cashville Multi-Purpose Co-operative Society Limited. It details the society's vision, mission, and motto, which center around establishing a cooperative society that encourages self-actualization and provides economic and welfare services to members. The bylaws describe membership qualifications, share capital requirements, procedures for savings and loans, and the sources and application of society funds. The document establishes guidelines for record keeping, withdrawal of membership, and termination of membership.Forest Glade Estate - Draft Memorandum of Incorporation
This document is a memorandum of incorporation for The One Hundred and Three Home Owners Association NPC. It outlines the association's name, objectives, powers, membership, financial obligations of members, and governance structure including directors and meetings. The key points are:
- The association promotes and manages the collective interests of its members regarding their common property and determines and collects levies.
- Membership is limited to owners of private erven, who have financial obligations to the association including contribution to assets and payment of levies.
- Governance includes a board of directors, annual general meetings, notice procedures, quorum rules, and voting procedures. The directors are responsible for the association's functions and powers.
Partnership act
This document discusses various types of partnerships under Indian law, including general partnerships, limited partnerships, partnership at will, and partnership for a particular undertaking. It explains the key characteristics of each type, such as unlimited liability for general partners versus limited liability for limited partners. The document also covers topics like duties of partners, rights of minor partners, and rights and obligations of partners generally as laid out in partnership agreements or statutes.
Partnership by status
The document discusses the requirements for establishing a legal partnership under Indian law. It states that partnership arises from a voluntary contract between two or more people, not from status alone. Members of a Hindu undivided family or a Burmese Buddhist husband and wife carrying on a family business do not automatically constitute a partnership. A partnership requires an agreement to share profits, with the acts of one partner usually binding the others, though in a joint family firm only the manager has this authority.
8. Cooperative societies advantages and disadvantage's A Presentation By Mr. ...
A Presentation By Mr. Allah Dad Khan Visiting Professor the University of Agriculture Peshawar allahdad52@gmail.com
Company law
The document defines directors and boards of directors, and outlines their appointment, qualifications, duties, powers, and liabilities according to company law. Key points include: Directors are appointed by the articles of association to manage company affairs; the board must have at least 3 directors for public companies and 2 for other companies; directors can be appointed through various modes including by shareholders, boards, and government; directors have certain qualifications and duties of care, and are subject to disqualification; boards exercise power derived from articles of association and companies acts.
Constitution of cashville multi purpose cooperative society limited
The constitution of Cashville Multi-purpose Cooperative Society Limited globally designed with every country's economic improvement at heart.
Membership of the Cooperative spans across all 36 states plus Federal Capital Territory-Abuja in Nigeria.
VISION STATEMENT: To be the foremost cooperative society in Africa on provision of economic and welfare services to its members.
MISSION STATEMENT: To make the cooperative society an international family accommodative of all ideas and strategies of all members with harmonization according to international best practices in order to be economically and corporately successful in its services by :
a. Establishing the cooperative in all 36 states and Federal Capital Territory –Abuja of Nigeria in this first year of operation through partnership with relevant organizations especially Global Community Health Foundation and others with headquarters located in Delta State .
b. Generating funds through our thrift /savings of at least five hundred million naira (N500,000,000.00) within the first year of operation (2015) in each of the cooperative society and all our branches in the 36 states and Abuja of Nigeria through aggressive marketing using all possible media and strategies ( for example , employing and engaging paid ad-hoc staff as marketers).
c. Establishing at least one Cashville Microfinance Bank(s) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
d. Establishing at least one agro-based farm(s) (firms) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
e. Establishing linkage(s) of health insurance services for all members within two years of operation (2015-2016)in the 36 states and Abuja of Nigeria.
f. Diversifying into other enterprise like oil and gas, educational institutions/ services, etc within three years of operation (2015-2017) in the 36 states and Abuja of Nigeria.
g. Establishing a national/ sub-national conference(s) that shall once annually bring together all branches of the Cooperative in Nigeria for cross- fertilization on principles and practices of our systems as well as a means to strengthen weaker branches ( starting from 2016).
h. Establishing Cashville Finance Nigeria Limited within first year of operation (2015) to formally and corporately package all our financial activities to enable international trajectory, with activities including financial consultancy, investments in the international community, etc. The Cashville Finance Nigeria Limited shall invariably be the parent of the Cashville Multipurpose Cooperative Society Ltd, among other future incorporations derivable as we grow and develop.
i. All the above activities of the cooperative shall be conducted with the aim of assisting the three tiers of government , that is, Federal , States and Local governments in improving the welfare of its citizenry( and non-members of
Newest 2 byelaws of cashville multi purpose cooperative society limited
This edition of our reviewed and hereby posted bye laws was amended on August 1,2015.
Its comprehensively insightful and in-depth and therefore recommended for all actual and potential members of our Cooperative,worldwide.
2coop
(1) Co-op members are the legal owners of the cooperative business and have controlling authority over it through electing the board of directors and voting on major decisions.
(2) As co-op members, roles and responsibilities include providing capital, controlling the cooperative through voting, patronizing the cooperative to benefit from it, bearing business risks proportionate to patronage, and keeping informed to effectively participate.
(3) Good co-op members are efficient, believe in the cooperative model, are financially sound, understand the business, and are willing to support the cooperative long-term for its success.
IPEMPC Coop Premembership Seminar
The document provides information about an upcoming Pre-Membership Education Seminar (PMES) being held by IPEMPC, a cooperative in Iloilo, Philippines. It includes the cooperative pledge, welcome remarks, an introduction to IPEMPC's history and core values. It also summarizes IPEMPC's organizational structure, general membership policies, loan policies, and committees. In the last section, it provides a brief overview of IPEMPC's total assets and shared capital/net surplus from 2009-2013, showing growth over that period.
Moi
The memorandum of incorporation is for The One Hundred and Three Home Owners Association NPC. It establishes the association to manage collective interests for its members regarding common property. Key details include:
- Membership is limited to owners of the 206 cluster and garage erven.
- The association has powers to collect levies from members and maintain common areas.
- Directors are appointed to manage the association and collect funds.
- General meetings allow members to vote on important issues like levies.
- Rules govern members' use of common areas and obligations to the association.
Sole proprietorship and partnership
The document provides information on sole proprietorships and partnerships. A sole proprietorship is a business owned and operated by a single individual who bears all risks and profits. A partnership is a business with two or more owners who agree to share profits. Key differences are that sole proprietorships have a single owner with full control and liability, while partnerships distribute control, liability, and management across multiple owners.
PROVISIONS RELATING TO CO-OPERATIVE SOCIETIES IN MAHARASHTRA
PROVISIONS RELATING TO CO-OPERATIVE SOCIETIES IN MAHARASHTRA, The Maharashtra Co-operative Societies Act, 1960 (MCS Act) and The Maharashtra Co-operative Societies Rules, 1961 are applicable to any co-operative society registered in Maharashtra and having no branches outside Maharashtra. If any state does not have its own State Act, the Co-operative Societies Act, 1912 and Rules become applicable. However, if a society has operations beyond one State, it is governed by a Central Act viz. the Multi-State Co-operative Societies Act, 2002 (MSCS) and its Rules.
The income earned by a co-operative society is subject to income tax under the Income-tax Act, 1961 and its Rules. It may be noted the income of a co-operative society is eligible for deduction u/s 80P of the Income-tax Act and not an exemption u/s 10. Hence, it is mandatory for all co-operative societies to file income tax return.
Co-operative societies are also governed by circulars, notifications and directives issued from time to time by the various departments of co-operation. A society is also bound by its bye-laws. It has also to follow various accounting and assurance standards issued by the Institute of Chartered Accountants of India.
Termination of membership and distinction bet
This document discusses when a person ceases to be a member of a company according to its register of members. It outlines 8 situations where a member's name may be removed, such as transferring all shares, forfeiting shares due to unpaid calls, surrendering shares, redeeming preference shares, death, insolvency, rescinding membership due to fraud/misrepresentation, or liquidation. It also distinguishes members from shareholders, noting they are interchangeably used but members must be registered while shareholders simply own shares and are entitled to dividends but have no legal interest in company property.
Indian partnership act
Partnership in India is governed by The Partnership Act, 1932 which had come into force on Oct 1,1932.
Finalpartnershipact 121206030932-phpapp01
This document discusses key aspects of partnership law in Pakistan according to the Partnership Act of 1932. It defines a partnership as a relationship between persons who agree to share profits from a business carried on by them. The essential elements of a partnership are an association of two or more persons, a contract, carrying on a business, and sharing of profits. Partnership types can include partnerships at will, particular partnerships, and limited partnerships. The rights and duties of partners are also outlined.
New constitution of cashville multi purpose cooperative society limited
VISION STATEMENT: To be the foremost cooperative society on provision of economic and welfare services to its members and non-members (clients) in Africa and beyond (global citizenry).
MISSION STATEMENT: To build the cooperative society as an international family accommodative of all ideas of all members with harmonization according to international best practices in order to be economically and corporately successful in its services by strategically :
a. Establishing the cooperative in all 36 states and Federal Capital Territory –Abuja of Nigeria in the first year of operation (2015) through partnership with relevant organizations especially Global Community Health Foundation and others with headquarters located in Delta State .
b. To target registered membership(with membership fee per head of person of N2,000.00 or its currency equivalence (individual) or N50,000 (corporate) or its currency equivalence of fifty thousand (50,000) members in each of all the states/ FCT-Abuja of Nigeria and worldwide through inter-personal marketing and e-commerce marketing(social media, website, etc) in the first year of operation, then 200,000 members after first year, 800,000 members in two years, 3,200,000 members in three years with multiplier constancy of factor 4 for second, three…years.
c. All registered members must meet set management membership recruit targets as periodically awarded by the State/National/International President or Vice-President at State/ National / International management committee levels
d. Marketing/ Networking models shall be either as employed ad-hoc staff or paid volunteerism with paid commission of 50% ( i.e. N1,000.00 and N25,000.00 ) for each convinced and registered individual and corporate member respectively; commission paid with issuance of cheques only.
e. Generating funds through our thrift /savings of at least five hundred million naira (N500,000,000.00) or equivalence in US $ or the currency of the country of operation within the first year of operation (2015) in each of the cooperative society and all our branches in the 36 states and Abuja of Nigeria through aggressive marketing using all possible media and strategies ( for example , engaging voluntary and employed paid ad-hoc staff as marketers).
f. Establishing at least one Cashville Microfinance Bank(s) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
g. Establishing at least one agro-based farm(s) (firms) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
h. Establishing linkage(s) of health insurance services for all members within two years of operation (2015-2016)in the 36 states and Abuja of Nigeria.
i. Diversifying into other enterprise like oil and gas, educational institutions/ services, etc within three years of operation (2015-2017) in the 36 states and Abuja of Nigeria.
j. Establishing (a) nationa
STATUTORY OBLIGATIONS & COMPLIANCE OF A CO OPERATIVE SOCIETY
1. A cooperative society must hold a general body meeting within 180 days of the fiscal year end to approve activities, elections, audit reports, and profits. The committee is bound by decisions at this meeting.
2. Each year within 30 days of the annual general body meeting, the committee must file returns regarding constitution, business, and other matters to the Registrar.
3. All cooperative societies must hold elections on the date of the annual general body meeting.
Pmes
The document discusses the pre-membership education seminar of INNO-V Credit Cooperative. It defines cooperatives and their values of self-help, self-responsibility, democracy, equality, equity and solidarity. It outlines the duties and rights of cooperative members and why cooperatives succeed or fail based on factors like continuing capital build up, member patronage, management, and education.
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Quaternary cycles
Milankovitch cycles, which describe variations in the Earth's orbit and axis, were originally thought to be the primary driver of glacial cycles during the Quaternary period. However, they cannot fully explain the observed changes, including the shift from 40,000-year to 100,000-year cycles around 0.9 million years ago. Other proposed mechanisms include feedbacks between atmospheric CO2 levels and climate, modulation of precession cycles by eccentricity, changes in ocean circulation like the thermohaline circulation, and switching between extensive and minimal sea ice coverage around ice sheets. While the exact causes are still debated, most scientists agree that orbital forcing alone cannot account for glacial oscillations and that internal feedbacks within the
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Difference between huf and partnership
The Hindu Undivided Family (HUF) and partnership are distinct business entities with different characteristics. A HUF arises by status or operation of law based on Hindu principles of joint family, while a partnership arises from an agreement between partners. Members of a HUF are called coparceners and have rights based on birth, whereas partners must consent to new members joining. On death, a partnership may dissolve but an HUF continues until partitioned between family members. Management of an HUF business generally vests in the Karta, while partners equally manage a partnership.
NEWEST CONSTITUTION OF CASHVILLE MULTI-PURPOSE COOPERATIVE SOCIETY LIMITED
NEWEST CONSTITUTION OF CASHVILLE MULTI-PURPOSE COOPERATIVE SOCIETY LIMITEDDr. Henry Akpojubaro Efegbere
This document outlines the bylaws of the Cashville Multi-Purpose Co-operative Society Limited. It details the society's vision, mission, and motto, which center around establishing a cooperative society that encourages self-actualization and provides economic and welfare services to members. The bylaws describe membership qualifications, share capital requirements, procedures for savings and loans, and the sources and application of society funds. The document establishes guidelines for record keeping, withdrawal of membership, and termination of membership.Forest Glade Estate - Draft Memorandum of Incorporation
This document is a memorandum of incorporation for The One Hundred and Three Home Owners Association NPC. It outlines the association's name, objectives, powers, membership, financial obligations of members, and governance structure including directors and meetings. The key points are:
- The association promotes and manages the collective interests of its members regarding their common property and determines and collects levies.
- Membership is limited to owners of private erven, who have financial obligations to the association including contribution to assets and payment of levies.
- Governance includes a board of directors, annual general meetings, notice procedures, quorum rules, and voting procedures. The directors are responsible for the association's functions and powers.
Partnership act
This document discusses various types of partnerships under Indian law, including general partnerships, limited partnerships, partnership at will, and partnership for a particular undertaking. It explains the key characteristics of each type, such as unlimited liability for general partners versus limited liability for limited partners. The document also covers topics like duties of partners, rights of minor partners, and rights and obligations of partners generally as laid out in partnership agreements or statutes.
Partnership by status
The document discusses the requirements for establishing a legal partnership under Indian law. It states that partnership arises from a voluntary contract between two or more people, not from status alone. Members of a Hindu undivided family or a Burmese Buddhist husband and wife carrying on a family business do not automatically constitute a partnership. A partnership requires an agreement to share profits, with the acts of one partner usually binding the others, though in a joint family firm only the manager has this authority.
8. Cooperative societies advantages and disadvantage's A Presentation By Mr. ...
A Presentation By Mr. Allah Dad Khan Visiting Professor the University of Agriculture Peshawar allahdad52@gmail.com
Company law
The document defines directors and boards of directors, and outlines their appointment, qualifications, duties, powers, and liabilities according to company law. Key points include: Directors are appointed by the articles of association to manage company affairs; the board must have at least 3 directors for public companies and 2 for other companies; directors can be appointed through various modes including by shareholders, boards, and government; directors have certain qualifications and duties of care, and are subject to disqualification; boards exercise power derived from articles of association and companies acts.
Constitution of cashville multi purpose cooperative society limited
The constitution of Cashville Multi-purpose Cooperative Society Limited globally designed with every country's economic improvement at heart.
Membership of the Cooperative spans across all 36 states plus Federal Capital Territory-Abuja in Nigeria.
VISION STATEMENT: To be the foremost cooperative society in Africa on provision of economic and welfare services to its members.
MISSION STATEMENT: To make the cooperative society an international family accommodative of all ideas and strategies of all members with harmonization according to international best practices in order to be economically and corporately successful in its services by :
a. Establishing the cooperative in all 36 states and Federal Capital Territory –Abuja of Nigeria in this first year of operation through partnership with relevant organizations especially Global Community Health Foundation and others with headquarters located in Delta State .
b. Generating funds through our thrift /savings of at least five hundred million naira (N500,000,000.00) within the first year of operation (2015) in each of the cooperative society and all our branches in the 36 states and Abuja of Nigeria through aggressive marketing using all possible media and strategies ( for example , employing and engaging paid ad-hoc staff as marketers).
c. Establishing at least one Cashville Microfinance Bank(s) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
d. Establishing at least one agro-based farm(s) (firms) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
e. Establishing linkage(s) of health insurance services for all members within two years of operation (2015-2016)in the 36 states and Abuja of Nigeria.
f. Diversifying into other enterprise like oil and gas, educational institutions/ services, etc within three years of operation (2015-2017) in the 36 states and Abuja of Nigeria.
g. Establishing a national/ sub-national conference(s) that shall once annually bring together all branches of the Cooperative in Nigeria for cross- fertilization on principles and practices of our systems as well as a means to strengthen weaker branches ( starting from 2016).
h. Establishing Cashville Finance Nigeria Limited within first year of operation (2015) to formally and corporately package all our financial activities to enable international trajectory, with activities including financial consultancy, investments in the international community, etc. The Cashville Finance Nigeria Limited shall invariably be the parent of the Cashville Multipurpose Cooperative Society Ltd, among other future incorporations derivable as we grow and develop.
i. All the above activities of the cooperative shall be conducted with the aim of assisting the three tiers of government , that is, Federal , States and Local governments in improving the welfare of its citizenry( and non-members of
Newest 2 byelaws of cashville multi purpose cooperative society limited
This edition of our reviewed and hereby posted bye laws was amended on August 1,2015.
Its comprehensively insightful and in-depth and therefore recommended for all actual and potential members of our Cooperative,worldwide.
2coop
(1) Co-op members are the legal owners of the cooperative business and have controlling authority over it through electing the board of directors and voting on major decisions.
(2) As co-op members, roles and responsibilities include providing capital, controlling the cooperative through voting, patronizing the cooperative to benefit from it, bearing business risks proportionate to patronage, and keeping informed to effectively participate.
(3) Good co-op members are efficient, believe in the cooperative model, are financially sound, understand the business, and are willing to support the cooperative long-term for its success.
IPEMPC Coop Premembership Seminar
The document provides information about an upcoming Pre-Membership Education Seminar (PMES) being held by IPEMPC, a cooperative in Iloilo, Philippines. It includes the cooperative pledge, welcome remarks, an introduction to IPEMPC's history and core values. It also summarizes IPEMPC's organizational structure, general membership policies, loan policies, and committees. In the last section, it provides a brief overview of IPEMPC's total assets and shared capital/net surplus from 2009-2013, showing growth over that period.
Moi
The memorandum of incorporation is for The One Hundred and Three Home Owners Association NPC. It establishes the association to manage collective interests for its members regarding common property. Key details include:
- Membership is limited to owners of the 206 cluster and garage erven.
- The association has powers to collect levies from members and maintain common areas.
- Directors are appointed to manage the association and collect funds.
- General meetings allow members to vote on important issues like levies.
- Rules govern members' use of common areas and obligations to the association.
Sole proprietorship and partnership
The document provides information on sole proprietorships and partnerships. A sole proprietorship is a business owned and operated by a single individual who bears all risks and profits. A partnership is a business with two or more owners who agree to share profits. Key differences are that sole proprietorships have a single owner with full control and liability, while partnerships distribute control, liability, and management across multiple owners.
PROVISIONS RELATING TO CO-OPERATIVE SOCIETIES IN MAHARASHTRA
PROVISIONS RELATING TO CO-OPERATIVE SOCIETIES IN MAHARASHTRA, The Maharashtra Co-operative Societies Act, 1960 (MCS Act) and The Maharashtra Co-operative Societies Rules, 1961 are applicable to any co-operative society registered in Maharashtra and having no branches outside Maharashtra. If any state does not have its own State Act, the Co-operative Societies Act, 1912 and Rules become applicable. However, if a society has operations beyond one State, it is governed by a Central Act viz. the Multi-State Co-operative Societies Act, 2002 (MSCS) and its Rules.
The income earned by a co-operative society is subject to income tax under the Income-tax Act, 1961 and its Rules. It may be noted the income of a co-operative society is eligible for deduction u/s 80P of the Income-tax Act and not an exemption u/s 10. Hence, it is mandatory for all co-operative societies to file income tax return.
Co-operative societies are also governed by circulars, notifications and directives issued from time to time by the various departments of co-operation. A society is also bound by its bye-laws. It has also to follow various accounting and assurance standards issued by the Institute of Chartered Accountants of India.
Termination of membership and distinction bet
This document discusses when a person ceases to be a member of a company according to its register of members. It outlines 8 situations where a member's name may be removed, such as transferring all shares, forfeiting shares due to unpaid calls, surrendering shares, redeeming preference shares, death, insolvency, rescinding membership due to fraud/misrepresentation, or liquidation. It also distinguishes members from shareholders, noting they are interchangeably used but members must be registered while shareholders simply own shares and are entitled to dividends but have no legal interest in company property.
Indian partnership act
Partnership in India is governed by The Partnership Act, 1932 which had come into force on Oct 1,1932.
Finalpartnershipact 121206030932-phpapp01
This document discusses key aspects of partnership law in Pakistan according to the Partnership Act of 1932. It defines a partnership as a relationship between persons who agree to share profits from a business carried on by them. The essential elements of a partnership are an association of two or more persons, a contract, carrying on a business, and sharing of profits. Partnership types can include partnerships at will, particular partnerships, and limited partnerships. The rights and duties of partners are also outlined.
New constitution of cashville multi purpose cooperative society limited
VISION STATEMENT: To be the foremost cooperative society on provision of economic and welfare services to its members and non-members (clients) in Africa and beyond (global citizenry).
MISSION STATEMENT: To build the cooperative society as an international family accommodative of all ideas of all members with harmonization according to international best practices in order to be economically and corporately successful in its services by strategically :
a. Establishing the cooperative in all 36 states and Federal Capital Territory –Abuja of Nigeria in the first year of operation (2015) through partnership with relevant organizations especially Global Community Health Foundation and others with headquarters located in Delta State .
b. To target registered membership(with membership fee per head of person of N2,000.00 or its currency equivalence (individual) or N50,000 (corporate) or its currency equivalence of fifty thousand (50,000) members in each of all the states/ FCT-Abuja of Nigeria and worldwide through inter-personal marketing and e-commerce marketing(social media, website, etc) in the first year of operation, then 200,000 members after first year, 800,000 members in two years, 3,200,000 members in three years with multiplier constancy of factor 4 for second, three…years.
c. All registered members must meet set management membership recruit targets as periodically awarded by the State/National/International President or Vice-President at State/ National / International management committee levels
d. Marketing/ Networking models shall be either as employed ad-hoc staff or paid volunteerism with paid commission of 50% ( i.e. N1,000.00 and N25,000.00 ) for each convinced and registered individual and corporate member respectively; commission paid with issuance of cheques only.
e. Generating funds through our thrift /savings of at least five hundred million naira (N500,000,000.00) or equivalence in US $ or the currency of the country of operation within the first year of operation (2015) in each of the cooperative society and all our branches in the 36 states and Abuja of Nigeria through aggressive marketing using all possible media and strategies ( for example , engaging voluntary and employed paid ad-hoc staff as marketers).
f. Establishing at least one Cashville Microfinance Bank(s) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
g. Establishing at least one agro-based farm(s) (firms) in all major cities/ recommended towns of all states and Abuja of Nigeria within two years of operation (2015-2016).
h. Establishing linkage(s) of health insurance services for all members within two years of operation (2015-2016)in the 36 states and Abuja of Nigeria.
i. Diversifying into other enterprise like oil and gas, educational institutions/ services, etc within three years of operation (2015-2017) in the 36 states and Abuja of Nigeria.
j. Establishing (a) nationa
STATUTORY OBLIGATIONS & COMPLIANCE OF A CO OPERATIVE SOCIETY
1. A cooperative society must hold a general body meeting within 180 days of the fiscal year end to approve activities, elections, audit reports, and profits. The committee is bound by decisions at this meeting.
2. Each year within 30 days of the annual general body meeting, the committee must file returns regarding constitution, business, and other matters to the Registrar.
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Odhora canvas rules & terms
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- 3. from the Victim. Without that company will cut up 50% amount from his deposit & he will not get any profit percentage. 15. Monthly Co-ordination meeting twice (at least) will be held & it’s time & date will be fixing by members. 16. For security-every founder member can be nominee only one person. 17. If any founder member will die (On Accident or Normal) then his nominee can claim for his percentage & Company must bind to give him/her total percentage. a)If any founder member die by this time of any ongoing work, on that case others founder member can decision By meeting to give him about that profit value. 18. No one member of this firm cannot engage himself in any other company & create any other company as well (Except . ) 19. Every members must be fresh mindful, Respect to Others & Work, Obedient to Company & its Rules, Fare with everyone. 20.company name is “KARUSAJ” & it can be change any time by discussion with all members. 21.If any member is in leave then he will handover his duty to other member who is little free and leave time is limited. 22. Company founder members name are given below:- a) Md. Atikur Rahman b) Md. Sanaoul Islam c) Md. Nahid Al hasan d) Md. Nazmul Haque 3
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- 6. 5