This article throws light upon the five main forms of co-operative societies. The forms are: 1. Co-Operative Societies 2. Consumer's Co-operative Societies 3. Co-Operative Marketing Societies 4. Industrial Co-Operatives 5. Co-Operative Farming Societies. Form # 1. Co-Operative Credit Societies: The societies are voluntary associations of people with moderate means, formed with the objective of providing the short-time financial accommodation to [...]
After reading this article you will learn about:- 1. Definition of Directors 2. Number of Directors 3. Legal Position/Status 4. Restriction on Appointment 5. Qualification 6. Disqualification 7. Restriction of Number of Directorship 8. Vacation of Office 9. Resignation. Definition of Directors: The directors are the persons elected by the shareholders to direct, conduct, manage or supervise the affairs of [...]
Directors in the company may be appointed in the following ways: 1. By Signatures to the Memorandum 2. By Company in the General Meeting 3. By Board of Directors 4. By Third Parties 5. By Proportional Representation 6. By the Central Government. Way # 1. Appointment of Directors by Signatures to the Memorandum: (Sec. 254 and Clause 64 of Table [...]