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please write a bylaws for new registration  of Multi sate credit co operative so society   in india

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Bylaws for the Registration of Multi-State Credit Cooperative Society in India

  1. Name and Address: The name of the society shall be [Name of the Society]. The registered office of the society shall be situated at [Address].

  2. Objectives: The objectives of the society shall be as follows: a) To promote thrift, self-help, and cooperation among its members. b) To provide credit facilities to its members at reasonable rates of interest. c) To encourage savings and investment habits among its members. d) To undertake activities for the economic and social development of its members. e) To promote financial inclusion and provide banking services to the underserved sections of society. f) To operate within the framework of the Multi-State Cooperative Societies Act, [Year].

  3. Membership: a) Any individual, partnership firm, company, or cooperative society fulfilling the eligibility criteria set by the society can become a member. b) Every member shall hold at least one share of the society. c) The admission of new members shall be subject to the approval of the Managing Committee.

  4. Share Capital: a) The share capital of the society shall be divided into shares of [Value] each. b) Members shall be required to subscribe to a minimum number of shares as determined by the society. c) The share capital can be increased or decreased with the approval of the General Body.

  5. Management: a) The affairs of the society shall be managed by a Managing Committee consisting of [Number] members elected by the General Body. b) The Managing Committee shall elect a President, Vice-President, Secretary, and Treasurer from among its members. c) The term of the Managing Committee shall be [Number] years, and members shall be eligible for re-election.

  6. Meetings: a) The General Body shall meet at least once a year to discuss and approve the annual report, audited accounts, and any other important matters. b) Special General Body meetings can be called by the Managing Committee or upon a written request of at least [Number] members. c) The Managing Committee shall meet at least once every [Frequency] to discuss and decide on the day-to-day affairs of the society.

  7. Funds and Accounts: a) The society shall maintain separate funds for various purposes, including share capital, reserve fund, and welfare fund. b) The accounts of the society shall be audited annually by a qualified auditor appointed by the General Body. c) The financial year of the society shall be from [Start Date] to [End Date].

  8. Dissolution: a) The society can be dissolved with the approval of at least two-thirds of the total members in a General Body meeting called specifically for this purpose. b) In the event of dissolution, the assets and liabilities of the society shall be distributed among the members as per the provisions of the Multi-State Cooperative Societies Act, [Year].

  9. Amendments: Any amendment to these bylaws shall require the approval of at least two-thirds of the members present in a General Body meeting called specifically for this purpose.

  10. Disputes: Any disputes arising among the members or between the society and its members shall be resolved through arbitration as per the provisions of the Multi-State Cooperative Societies Act, [Year].

  11. Miscellaneous: Any matters not covered under these bylaws shall be governed by the relevant provisions of the Multi-State Cooperative Societies Act, [Year].

These bylaws were adopted by the General Body of [Name of the Society] on [Date].