India
[2022]
Governments seeks suggestions to draft new national cooperative policy
Supreme Court of India decides cooperatives cannot deny membership to single women, members of particular community etc.
The Farmer Producer Organisation (FPO) will focus on processing high-value vegetable products While generally FPOs are registered under the Companies Act, this is the first time that an FPO has been established under the Cooperative Societies Act. This was done so, with an intention to promote the Centre’s ‘Formation and Promotion of Farmer Producer Organizations (FPOs)’
Click here to also view government guidelines on promoting FPOs:FPO is a generic name, which means and includes farmer- producers’ organization incorporated/ registered either under Part IXA of Companies Act or under Co-operative Societies Act of the concerned States and formed for the purpose of leveraging collectives through economies of scale in production and marketing of agricultural and allied sector. However, FPOs registered under Co- operative Societies Act of the State (including Mutually Aided or Self-reliant Cooperative Societies Act by whatever name it is called) for the purpose of this Scheme, is to be insulated from all kinds of interference including in election process and day today management through suitable provisioning in their Memorandum of Association and Bye-laws with a view to encourage healthy growth and development of FPO.
The Punjab Cooperative Societies Act, 1961 to charge registration fees along with the application for registration. Under Section 26C, a restriction has been put on the membership of an insured bank imposed as a consequent upon the order of RBI under Section 70-A. Likewise, Section 6 restricts individual shareholding of a member in case of Urban Co-operative Bank (UCB), to maximum 5% of the share capital. Sections 3(5) and 69 have been amended to provide more clarity about effective disposal of revision petitions. Similarly, Section 22(1) has been amended to give more time to the office bearers for effecting recovery of loans and Section 55 to provide a limitation period for referring arbitration disputes to the Registrar.
Chief Minister Ashok Gehlot assured the Rajasthan Assembly on Thursday that the state government is in favour of bringing a law against fraud by credit cooperative societies. He said lakhs of people in the state have been cheated by the cooperative societies which is a serious issue. "The state government may bring a law with suggestions from the Opposition to ensure that the fraudsters not only get punished but the victims can also get their money back
Government cannot exercise control over cooperatives regarding registration under a particular Act
Cooperatives will get a certificate of legal personality giving them absolute powers to work as such entities only if they have achieved their action plans, a new draft law provides. The law governing cooperative organisations in Rwanda that the Chamber of Deputies passed on Thursday, December 17, 2020 indicates that an assessment will be made to ascertain whether a cooperative has performed well prior to being granted the certificate of legal personality.
Database link to instructions
Cooperative policy
Santosh Kumar · Wed 3 Mar 2021 6:41AM
India
[2022]
Governments seeks suggestions to draft new national cooperative policy
Supreme Court of India decides cooperatives cannot deny membership to single women, members of particular community etc.
[2021]
India Gets Its First FPO Under Cooperative Societies Act
The Farmer Producer Organisation (FPO) will focus on processing high-value vegetable products While generally FPOs are registered under the Companies Act, this is the first time that an FPO has been established under the Cooperative Societies Act. This was done so, with an intention to promote the Centre’s ‘Formation and Promotion of Farmer Producer Organizations (FPOs)’
Click here to also view government guidelines on promoting FPOs:FPO is a generic name, which means and includes farmer- producers’ organization incorporated/ registered either under Part IXA of Companies Act or under Co-operative Societies Act of the concerned States and formed for the purpose of leveraging collectives through economies of scale in production and marketing of agricultural and allied sector. However, FPOs registered under Co- operative Societies Act of the State (including Mutually Aided or Self-reliant Cooperative Societies Act by whatever name it is called) for the purpose of this Scheme, is to be insulated from all kinds of interference including in election process and day today management through suitable provisioning in their Memorandum of Association and Bye-laws with a view to encourage healthy growth and development of FPO.
The Punjab Cooperative Societies Act, 1961 to charge registration fees along with the application for registration. Under Section 26C, a restriction has been put on the membership of an insured bank imposed as a consequent upon the order of RBI under Section 70-A. Likewise, Section 6 restricts individual shareholding of a member in case of Urban Co-operative Bank (UCB), to maximum 5% of the share capital. Sections 3(5) and 69 have been amended to provide more clarity about effective disposal of revision petitions. Similarly, Section 22(1) has been amended to give more time to the office bearers for effecting recovery of loans and Section 55 to provide a limitation period for referring arbitration disputes to the Registrar.
JAIPUR (RAJASTHAN)[25 FEB 2021]
Government backs proposal for brining in new law against "fraud" by credit cooperative societies!
Chief Minister Ashok Gehlot assured the Rajasthan Assembly on Thursday that the state government is in favour of bringing a law against fraud by credit cooperative societies. He said lakhs of people in the state have been cheated by the cooperative societies which is a serious issue. "The state government may bring a law with suggestions from the Opposition to ensure that the fraudsters not only get punished but the victims can also get their money back
MADHYA PRADESH [2021]
Government mulls reintroducing amendment bill
Amendment Act, 2020
Government cannot exercise control over cooperatives regarding registration under a particular Act