Object & Reasons 6
Statement Of Objects And Reasons
(1) to enunciate the co-operative principles which primarily place an accent on voluntary, self-financing, autonomous bodies for removal from State control ;
(2) to enable not less than ten individuals belonging to different families to form a Co-operative Society and confer on it the status a body corporate ;
(3) to enable the Co-operative Societies to regulate their functioning by framing bye-laws subject to the provisions of the Act in respect of the various matters specified in the legislation ;
(4) to enable the Co-operative Societies to change the form or the extent of their liability, to transfer their assets and liabilities, to divide or amalgamate in furtherance of their stated objectives ;
(5) to enable the societies registered under the Andhra Pradesh Co-operative Societies Act, 1964 to become Co-operative Societies registered under this Act by making a suitable provision therefore ;
(6) to enable the Co-operative Societies to mobilise their own funds;
(7) to empower the Co-operative Societies to provide for the qualifications and disqualifications for membership ;
(8) to provide for the constitution, powers and functions of the Board of Directors and for matters incidental thereto ;
(9) to define the powers and functions of the General Body etc. ;
(10) to make the Co-operative Societies responsible to hold the elections and to regulate the process thereof ;
(11) to provide for proper accountability and for that purpose to conduct audit, special audit, inquiry and for the recovery of loss caused to the society by misconduct or otherwise ;
(12) to provide for the settlement of disputes by constituting a Co-operative Tribunal ; and
(13) for other incidental and consequential matters.
Section 1 • Andhra Pradesh Mutually Aided Co-Operative Societies Act, 1995
1. Short title, extent and commencement
andhra-pradesh-mutually-aided-co-operative-societies-act-1995-sec-1.json
•
Section 1
{
"act_title": "Andhra Pradesh Mutually Aided Co-Operative Societies Act, 1995",
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"title": "1. Short title, extent and commencement",
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"content": "Object & Reasons 6\nStatement Of Objects And Reasons\n(1) to enunciate the co-operative principles which primarily place an accent on voluntary, self-financing, autonomous bodies for removal from State control ;\n(2) to enable not less than ten individuals belonging to different families to form a Co-operative Society and confer on it the status a body corporate ;\n(3) to enable the Co-operative Societies to regulate their functioning by framing bye-laws subject to the provisions of the Act in respect of the various matters specified in the legislation ;\n(4) to enable the Co-operative Societies to change the form or the extent of their liability, to transfer their assets and liabilities, to divide or amalgamate in furtherance of their stated objectives ;\n(5) to enable the societies registered under the Andhra Pradesh Co-operative Societies Act, 1964 to become Co-operative Societies registered under this Act by making a suitable provision therefore ;\n(6) to enable the Co-operative Societies to mobilise their own funds;\n(7) to empower the Co-operative Societies to provide for the qualifications and disqualifications for membership ;\n(8) to provide for the constitution, powers and functions of the Board of Directors and for matters incidental thereto ;\n(9) to define the powers and functions of the General Body etc. ;\n(10) to make the Co-operative Societies responsible to hold the elections and to regulate the process thereof ;\n(11) to provide for proper accountability and for that purpose to conduct audit, special audit, inquiry and for the recovery of loss caused to the society by misconduct or otherwise ;\n(12) to provide for the settlement of disputes by constituting a Co-operative Tribunal ; and\n(13) for other incidental and consequential matters.",
"footnote": "",
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