Question

Explain the power and functions of the Register of Cooperatives

25 Apr 2023
Answer :
Word Count : 898

The Register of Cooperatives is an important body responsible for the registration, regulation, and supervision of cooperative societies in India. The Register of Cooperatives operates at the state level and is responsible for enforcing the provisions of the Cooperative Societies Act of 1912, as well as any state-specific cooperative legislation.

The main power of the Register of Cooperatives is to register cooperative societies. This involves reviewing applications from groups of individuals who wish to form a cooperative society and ensuring that they meet the requirements of the Cooperative Societies Act. This includes ensuring that the proposed society has a clear purpose or objective, that it has a minimum number of members, and that it has an elected management committee. Once a cooperative society is registered, it is given a unique registration number and a certificate of registration.

In addition to registering cooperative societies, the Register of Cooperatives also has the power to cancel or suspend the registration of a cooperative society if it is found to be operating in violation of the Cooperative Societies Act or any other applicable law. This includes situations where a cooperative society fails to file its annual returns, where it engages in fraudulent or unethical practices, or where it engages in activities that are harmful to its members or the public.

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