Comprehensive/ Comparative Study of The Acts Enacted on the analogy of Model Cooperative Societies Act
|
Subject |
J&K Self Reliant Cooperatives Act 1999 |
Andhra Paradsh Mutually Aided Coop Societies Act 1999 |
Multi State Coop. Societies Act 2002 |
|
Application |
Extends to whole of J&K State |
Extends to whole of Andhra Paradsh
Concurrently AP Coop. Societies Act 1964 is in force |
Applies,
- having inter State area of operation
- all National Level Federations
|
|
Sourceof Legislature |
J&K State Legislature |
Andhra Paradsh Legislature |
Parliament |
|
Date of Enforcement |
15th Nov., 1999 |
Ist. July, 1995 |
16 August, 2002 |
|
Rules |
Not confer the Govt. to make rules, affairs are regulated by Act & the parameters fixed in AOA |
Not confer the Govt. to make rules, affairs are regulated by Act & the parameters fixed in Bye-Laws |
Not authorize the Central Govt.to frame rules |
|
Detailed Document Touching all subject matters |
Articles of Association |
Bye -Laws |
Bye-Laws |
|
Term used |
Cooperative |
Society |
Society |
|
Principles of Cooperation |
Stated in the main body of Act in Schedule A.
As stated by Committee on Model Act |
Stated in the main body of Act.
As stated by Committee on Model Act |
Stated in the main body of Act.
As stated by Committee on Model Act |
| Registration |
No promoter number is mentioned, a family can organize a Cooperative |
Minimum number 10 one member from one familyRegistration can be done under APAct 1964 |
50 members from each StateOne Cooperative or more from each State |
| Documents |
Proof of State subjectDeclaration on PrinciplesResolution of adaptation of AOARegistration fee @ 1% of Authorized Capital3 sets of AOAList of promoters |
Resolution of adaptation of AOARegistration fee @ 1% of authorized CapitalList of promoters |
4 sets of Bye- laws and other information as Central Govt. require. |
| Time Limited |
2 months, if RCS does not register within the time can seek through Court |
6 months RCS has to simply satisfy himself that no such cooperative is in its Area of Operation and same type of Cooperative falls in the same jurisdiction |
4 months if not disposed off it deemed Cooperative |
| Conversion |
Subject to refund of Share Capital and sign an MOU with Govt. |
Subject to refund of Share Capital and other loans and to sign an MOU with Govt. |
No conversion is required |
| Amendments in its Registration |
AOA can be through the special procedure |
Registration from RCS is required |
Registration from Central RCS is required |
| Mobilization of Funds |
From members only Seek loan from financial Institutions and by signing MOU with the Govt. |
Not by way of Share Capital but other funds & guarantee from Govt. |
Central Govt. can provide Share Capital, loans and other funds can be provided to on the request of Society. |
| Audit |
Through Chartered Accountant |
Through Chartered Accountant and can request Audit through Cooperative Department |
Chartered Accountant appointed from the penal approved by central Registrar |
| Settlement of desputes |
Arbitral Tribunal |
Cooperative Tribunal |
Tribunal constituted by central Govt. |
