The Code of Conduct in a cooperative society is a set of rules and regulations that govern the behavior of its members and office bearers
. It lays down the guidelines for ethical and responsible conduct, transparency, and accountability in the functioning of the society. The code of conduct is binding on all members of the society, and any violation can lead to disciplinary action.
In India, the Cooperative Societies Act, 1989 provides the legal framework for cooperative societies. The act lays down provisions for the registration, management, and dissolution of cooperative societies. The act also provides guidelines for the conduct of members and office bearers of cooperative societies.
The code of conduct in a cooperative society typically covers various aspects such as:
- Membership
: Guidelines for admission, termination, and expulsion of members.
- Meetings
: Rules for conducting general body meetings, quorum requirements, voting procedures, etc.
- Elections
: Guidelines for conducting elections to the governing body or board of directors.
- Financial management
: Rules for maintaining accounts, audit procedures, investment policies, etc.
- Conflict resolution
: Procedures for resolving disputes among members or between members and office bearers.
The specific provisions in the code of conduct may vary depending on the type and nature of the cooperative society.
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What is Code of Conduct in Cooperative Society in India?
SATISH SHRIPAD SADAVARTE
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2023-09-14T09:20:05+00:00 2023-09-14T10:09:46+00:00Comment
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