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the qualifications for membership, the terms and mode of admissionthe withdrawal and expulsion of membersthe rights, liabilities and obligations of members, including minimum shareholdingthe transfer of shares or interest of membersthe manner of raising fundsthe procedure and quorum of general meetingsthe appointment, suspension and removal of members of the committeethe duties of the management and supervisory committeethe period of its financial yearthe authorization of officers to sign documentsthe settlement of disputesthe condition for issuing of loansNote 3:By-laws maybe amended by members in a validly convened and held general meeting. At least fifteen (15) clear days notice of the proposed amendment.Note 4:Any amendment of the by-laws of a co-operative society shall only be valid if the amendment is registered with the Commissioner of Co-operative Development. When Commissioner registers an amendment of the by-laws of a co-operative society, he issues to the society a copy of the amendment certified by him as evidence that the amendment of the By-laws has been registered. This copy should be kept in the society office for use.Note 5:By-laws of a co-operative society are subordinate to the Act and Rules. Note 6:The by-laws bindsonly members of the respective co-operative society. They bind all members irrespective of when they joined the society. They should therefore be obeyed by all members and be observed by the society officials in the conduct of all business of the society.GOVERNMENT POLICIES: Sessional Papers 10/1965and 14/1997 plus Gazette Notices.GOVERNMENT CIRCULARS: normally issued by the Commissioner for Co-operative Developmentfor the purpose of guiding the development and management of co-operative societies. GENERAL MEETINGRESOLUTIONS: Members do pass resolutions in general meetings. These resolutions, as long as they are passed in validly convened and conducted general meetings and do not
contradict any of the By-laws of the society, form part of the society’s internal rules and regulations. Oncethe resolutions have been passed by the required majority, they bind all members whether they were present or not, and whether they voted in favor of the resolution or not.Any resolution passed in a general meeting should have a proposer and a seconder. Where there is division, the issue should be decided by vote and the majority vote is recognized. Resolutions passed in a general meeting should not contravene any provisions in the Act, Rules and the society By-laws. Howevera special resolutions requires 2/3 majority of the members present and voting at duly convened general meeting.Stop here 09/13/13Compliance Issues as per the Act and Rules The latest revised Act and the new Rules of November 2004 have introduced amendments and provisions which should be complied with by all co-operative societies. The compliance issues that affect societies include:-every co-operative society shall hold its