Annual general body meeting of co-operative society
Co-operative Society must call AGM in such a way that it is conducted on or before 27th October as per present Delhi Co-operative Society Act.
Annual general body meeting of co-operative society: Every co-operative Society must call Annual General Meeting (AGM) of the Society latest by 27th October each year. It is essential that the Society closes its books of accounts as on 31st March each year without fail. The errors in accounts or else must be corrected by 30th April each year. All the Co-operative societies are bound to call the AGM within 180 days from the date when their accounts are corrected with balances of the Financial Year (i.e. 30.04.)
What if AGM or Annual General Body Meeting not called within 180 days
If the annual general meeting of the Co-operative society is not called within 30th September, the members have the right to approach the RCS i.e. Registrar of Co-operative Societies. The RCS shall order the Society to hold AGM or the Registrar shall himself or any other person authorised by him may call such a meeting and the expenses will be borne by the delinquent members of the managing committee, who were actually responsible to call the general meeting of the members.
Annual Return must be filed with RCS within 30 days from AGM
Every co-operative society must file annual return with the RCS within 30 days from the date of holding of AGM or Annual General Meeting by the co-operative society.
PRACTICAL FACTS: The RCS normally do not care if a complaint is made by a member. If you pursue with the RCS, then only the RCS takes the action.
Some times even the RCS do not take care to advise the Society to call AGM of co-operative housing society. On the other hand the management do not call and does the work illegally in the society. Then the members become helpless. In such a situation any member or group of members are advised to take our free advise to protect their rights.
We did this and found that the management had to hold AGM of co-operative society immediately to save themselves from the penalty on the members of the managing committee.
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