Multi-State Co-Operative Societies Act, 2002
Schedule I - CO-OPERATIVE PRINCIPLES
SCHEDULE I[Refer Section 3(g)]CO-OPERATIVE PRINCIPLES
| 1. | - | Voluntary and Open Membership-Co-operatives are voluntary organisations, open to all persons capable of using their services and willing to accept the responsibilities of membership, without discrimination on basis of gender, social inequality, racial, political ideologies or religious consideration. |
| 2. | - | Democratic Member Control-Co-operatives are democratic organisations controlled by their members, who actively participate in setting their policies and decision making. Elected representatives of these co-operatives are responsible and accountable to their members. |
| 3. | - | Member's Economic Participation-Membes contribute equitably and control the capital of their Co-operative democratically. At least a part of the surplus arising out of the economic results would be the common property of the co-operatives. The remaining surplus could be utilised benefiting the members in proportion to their share in the Co-operative. |
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