Match each governing organ or statutory authority of a cooperative society on the left with its primary operational function on the right.
- Registrar of Cooperative SocietiesGrants legal registration, conducts annual audits, and monitors statutory compliance
- Management CommitteeManages day-to-day administrative duties and implements policies approved by members
- Annual General Meeting (AGM)Acts as the supreme authority where members vote on policy and approve surplus distribution
- Society Bye-lawsDefines the internal rules, member duties, loan limits, and operational procedures
Answer
The Registrar of Cooperative Societies handles statutory registration and auditing; the Management Committee manages daily operations; the Annual General Meeting acts as the supreme decision-making body; and the Society Bye-laws define internal operational rules.
Each governing organ fulfills a distinct statutory or operational function: legal registration and audit belong to the Registrar of Cooperative Societies, routine administration is managed by the Management Committee, ultimate democratic control rests with the Annual General Meeting, and internal regulations are set out in the Society Bye-laws.
Step-by-Step Solution
Key Concept
Governance and Statutory Operation of Cooperative Societies
Estimated Time:1m 0s