Tenure of co-op board fixed; rules Calcutta HC

While hearing a writ petition filed by chairman of the West Bengal Cooperative Bank challenging the introduction of new provisions into the cooperative societies Act 2013 by way of amendments, the Calcutta High Court has held the Act valid and constitutional, reports Business Standard. In 2013, Justice Biswanath Somadder had directed that the provisions of […]

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How autonomy of CHS is robbed?

By I C Naik Autonomy is closely related to “self-governing community” This term also mean “the state of existing or acting separately from others: the power or right of a country, group, etc., to govern itself. Under Autonomy “one who gives oneself one’s own law” is a concept found in moral, political, and bioethical philosophy. […]

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SC for regulating credit cooperatives

The Supreme Court will regulate activities of credit societies and multi-state cooperative societies in a manner that they will not be able to escape if they are in the wrong. The court will also examine if acceptance of deposits from public would come within the ambit of ” banking activity”, reports Indian Express. The apex […]

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SC invokes Co-op Identity, Principles and 97th CAA

The Supreme Court judgment upholding the removal of Vipul Chaudhary from the largest dairy cooperative of the country GCMMF , on the sidelines invoked the true spirit of cooperative and interpreted the existing cooperative acts in modern light. The apex court reminded the International Cooperative Alliance Statement on the Cooperative Identity adopted in Manchester, United […]

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MPs or MLAs cannot be Chairman in MP

Members of the Parliament and MLAs will not be able to become presidents, vice-presidents or chairmen or vice-chairmen of cooperative societies in Madhya Pradesh now. In many cooperative seminars this demand was raised in the past and the credit indeed goes to Madhya Pradesh govt for belling the cat. Even IFFCO MD Dr U S […]

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Profit-earning co-ops not consumers: Forum

The cooperative societies earning profits for their members cannot claim the status of ‘consumers’, the Maharashtra State Consumer Disputes Redressal Commission has said, according to a TOI report. A two member bench of the commission set aside the Kolhapur district consumer forum’s orders to the extent of holding 12 directors of the Ichalkaranji Urban Cooperative […]

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