Question

The rules and regulations for the internal management of a co-operative society is called

• A. Bill
• B. Rule
• C. Byelaws
• D. Act

Answer 1

Answer:

C. Byelaws

• A bill which was passed through various legislative steps required for it and which has become law.
• Acts are 'skeleton of the law' or 'Gist of law'

• Rules are the detailing of the Act, framed by the government
• Rules are framed in accordance with Act

• Byelaws are the rules and regulations for the internal management of a co-operative society.
• Byelaw governs the relationship b/w society and its members

Note:

"If there is a contradiction between Act, rules & Byelaws, the Act will prevail."