Constitution Section 243ZI — Incorporation of co-operative societies

Part IXB — THE CO-OPERATIVE SOCIETIES

Constitutional

Summary

State legislatures can pass laws about how cooperative societies are created, run, and closed down. These laws must follow the principles that members join voluntarily, control the society democratically, take part in its economic activities, and that the society operates independently.

Official Text

Subject to the provisions of this Part, the Legislature of a State may, by law, make provisions with respect to the incorporation, regulation and winding up of co-operative societies based on the principles of voluntary formation, democratic member-control, member-economic participation and autonomous functioning.