The Rajasthan Co-operative Societies Rules, 2003, is a set of rules that provides for the regulation and management of co-operative societies in the state of Rajasthan, India.
The rule was formulated under the provisions of the Rajasthan Co-operative Societies Act, 2001, and provides a detailed framework for the functioning of co-operative societies in the state.
One of the key provisions of the Rajasthan Co-operative Societies Rule 2003 is the requirement for the registration of co-operative societies.
The rule lays down the procedures and requirements for the registration of different types of cooperative societies, such as agricultural credit societies, dairy societies, consumer societies, and others. The rule also provides for the renewal of registration, transfer of ownership, and other related procedures.
The rule also lays down the procedures for the management and governance of cooperative societies. It provides for the election of office-bearers, the duties and responsibilities of the governing body, and the procedures for holding meetings and passing resolutions. The rule also provides for the maintenance of accounts and records and the audit of accounts.
Another important provision of the Rajasthan Co-operative Societies Rule, 2003, is the regulation of financial transactions in co-operative societies. The rule provides for the investment of funds, the borrowing of funds, and the disposal of assets by cooperative societies. It also provides for the auditing and inspection of financial transactions by the Registrar of Co-operative Societies.
Read Also: Rajasthan Co-operative Societies Act 2001
key features of the Rajasthan Co-operative Societies Rule, 2003:
Formation and Registration:
- Procedures and requirements for the formation of cooperative societies.
- Criteria for eligibility and the process of registration.
Membership:
- Criteria for becoming a member of the cooperative society.
- Rights and obligations of members.
- Procedures for the admission and withdrawal of members.
Management and Administration:
- Structure of the governing body (board, committee, etc.).
- Rules regarding elections, term limits, and the removal of office bearers.
- Powers and functions of the management.
Financial Management:
- Guidelines for financial operations, including accounting and auditing procedures.
- Rules for surplus distribution and utilization of funds.
Meetings:
- Provisions for conducting general meetings, special meetings, and annual general meetings.
- Decision-making processes and voting procedures.
Amendments and Dissolution:
- Procedures for amending the rules and regulations.
- Circumstances and processes for the dissolution of the cooperative society.
Compliance and Enforcement:
- Mechanisms for ensuring compliance with the rules.
- Authority responsible for enforcement and dispute resolution.
Roles and functions:
- Specific roles and functions of the cooperative society within its defined scope.
Records and Reporting:
- Requirements for maintaining records and submitting reports to regulatory authorities.
Overall, the Rajasthan Co-operative Societies Rule, 2003, is an important set of regulations that helps to ensure the efficient and effective functioning of co-operative societies in the state of Rajasthan.
By providing a clear and detailed framework for the registration, governance, and management of co-operative societies, the rule enables these organizations to operate in a structured and organized manner and to make a meaningful contribution to the development of the state.