Bihar Cooperative Societies Rules, 1959 - Cooperative Department ...

FORM No. III
[Rule 3 (5)]
Report of organization of ………………….society
With…………………………limited/unlimited liability.
Name of organiser………………………………
1. Date or dates of local inquiry and by
whom held
2. Do all the applicants understand the
main principles of cooperation?
3. How the bye-laws been fully explained to
the applicants?
4. How many literate persons have been
enrolled.
Note.-
“Literate” means a person who can write and read a letter. At
least two or there literate persons should join the society, one
of whom must be capable of keeping the accounts.
5. What are the antecedent and character
of the applicants? Are they litigious, and
to what do you ascribe their
indebtedness if any ?
6. Are the applicants in arrears of rent and
if so, why?
Note.-
Raiyats who are unpunctual in the payment of rent do not
usually make good members of cooperative societies.
7. Has a statement of property and debts
been drawn up and enclosed with the
organization papers? Has the amount of
loan recommended for each applicant
been entered in the remarks column of
the application?
Note.- The statement must be personally verified and attested by the
organizer. Reference should be made to the records-of-rights
and also; if possible, to the landlord’s papers. Valuation of land
must be put at a low figure, i.e., that which it would fetch at an
involuntary sale. It there is no custom of transfer, it may be
fixed at two thirds of the amount for which, it could be
mortgaged. These information’s are required in respect of
agricultural credit society only
8. How the society to be financed?
What is the initial capital with which
It is proposed to start work.
(If it is proposed to pay of old debts
at the start, special reasons for this
course should be given).
9. What are the chief crops in the
locality in which the society is
situated? What are the means of