AThe Registrar of Co-operative Societies.
BThe Annual General body meeting
CThe president of the Society
DA majority of society members
Answer:
A. The Registrar of Co-operative Societies.
Read Explanation:
The Registrar of Co-operative Societies is a government official responsible for overseeing the registration, regulation, and administration of cooperative societies within a specific jurisdiction. This role is crucial for ensuring that cooperatives operate in accordance with relevant laws and regulations. Here are the key responsibilities and functions of the Registrar:
Responsibilities
Registration of Cooperatives: The Registrar processes applications for the registration of new cooperative societies, ensuring they meet legal requirements.
Regulation and Compliance: Monitors the activities of registered cooperatives to ensure compliance with cooperative laws, rules, and their own bylaws.
Maintenance of Records: Maintains official records of all registered cooperatives, including their constitutions, financial statements, and minutes of meetings.
Issuance of Certificates: Issues registration certificates and other relevant documentation to cooperatives, such as certificates for amendments in rules or changes in management.
Supervision and Audit: Oversees the functioning of cooperatives, which may include conducting audits and inspections to ensure proper governance and financial health.
Conflict Resolution: Acts as a mediator in disputes among cooperative members or between members and the management of the cooperative.
Promoting Cooperatives: Encourages the formation and growth of cooperative societies through education, training, and awareness programs.
Policy Implementation: Implements government policies related to the cooperative sector, ensuring they align with national and local development goals.
Importance
Governance: Ensures good governance and accountability within cooperative societies.
Protection of Members: Safeguards the interests of cooperative members by monitoring compliance and addressing grievances.
Support for Development: Plays a vital role in promoting cooperative development, contributing to economic growth and community welfare.
Challenges
Resource Constraints: Registrars may face challenges related to limited resources and staffing, which can affect their ability to effectively monitor cooperatives.
Compliance Issues: Ensuring compliance among a diverse range of cooperatives can be complex and resource-intensive.
In summary, the Registrar of Co-operative Societies plays a vital role in the cooperative sector, ensuring that cooperatives operate effectively, transparently, and in accordance with the law.