Section 10 - Bye‑laws of multi‑State co‑operative societies. - Multi-State Co-Operative Societies Act, 2002

Bye laws of multi State co operative societies . 10. (1) Every multi State co operative society may make its bye laws consistent with the provisions of this Act and the rules made thereunder. (2) In particular, and without prejudice to the generality of the foregoing power, such bye laws may provide for all or any of the following matters, namely : ( a ) the name, 1 [ address, including e-mail address ] and area of operation of the society; ( b ) the objects of the society; ( c ) the services to be provided to its members; ( d ) the eligibility for obtaining membership; ( e ) the procedure for obtaining membership; ( f ) the conditions for continuing as member; ( g ) the procedure for withdrawal of membership; ( h ) the transfer of membership; ( i ) the procedure for expulsion from membership; ( j ) the rights and duties of the members; ( k ) the nature and amount of capital of the society; ( l ) the manner in which the maximum capital to which a single member can subscribe; ( m ) the sources from which the funds may be raised by the multi State co operative society; ( n ) the purpose for which the funds may be applied; ( o ) the manner of allocation or disbursement of net profits of the multi State co operative society; ( p ) the constitution of various reserves; ( q ) the manner of convening general meetings and quorum thereof other than those provided under this Act; ( r ) the procedure for notice and manner of voting, in general and other meetings; ( s ) the procedure for amending the bye laws; ( t ) the number of members of the board not exceeding twenty one; ( u ) the tenure, of directors, chairperson and other office bearers of the society, not exceeding five years; ( v ) the procedure for removal of members of the board and for filling up of vacancies; ( w ) the manner of convening board meetings, its quorum, number of such meetings in a year and venue of such meetings; ( x ) the frequency of board meetings; ( y ) the powers and functions of the Chief Executive in addition to those provided under section 52; ( z ) the manner of imposing the penalty; ( za ) the appointment, rights and duties of auditors and procedure for conduct of audit; ( zb ) the authorisation of officers to sign documents and to institute and defend suits and other legal proceedings on behalf of the society; ( zc ) the terms on which a multi State co operative society may deal with persons other than members; ( zd ) the terms on which a multi State co operative society may associate with other co operatives societies; ( ze ) the terms on which a multi State co operative society may deal with organisation other than co operative societies; ( zf ) the rights, if any, which the multi State co operative society may confer on any other multi State co operative society or federal co operative and the circumstances under which such rights may be exercised by the federal co operative; ( zg ) the procedure and manner for transfer of shares and interest in the name of a nominee in case of death of a member; ( zh ) the educational and training programmes to be conducted by the multi-State co operative society; ( zi ) the principal place and other places of business of multi State co operative society; ( zj ) the minimum level of services to be used by its members; ( zk ) any other matter which may be prescribed. **************** NOTES:- 1. Substituted vide THE MULTI-STATE CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 2023 dated 03-08-2023 before it was read as, address