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Presented by Fathima Nasheeda.PK
TOPIC- TRUST
       COOPERATIVES
       GENERAL BODY
       EXECUTIVE COMMITTEE
Trust

 Trust is a special form of organization
 which emerges out of a will. The will
 maker exclusively transfer the
 ownership of a property to be used for
 a particular purpose.
         If the purpose is to benefits
 particular individuals ,it become
 private trust and if it is concerns
 with common public or community at
 large it called a public trust
 Private trusts are governed by the
  Indian Trusts Act (1882) and are used
  for private purposes, such as running
  a private estate or institution. Privates
  trusts are not given any tax benefits.
 If you want to do some charitable
  work for public –you can set up a
 public charitable trust. India does not
 have a national level law to govern
 charitable trusts. However, some of
 the states have enacted Public
 Charitable Trusts Act (Like Bombay
 Public Trusts Act, 1950)
 Legislation : Different states in India have
  different Trusts Acts in force, which govern
  the trusts in the state; in the absence of a
  Trusts Act in any particular state or territory
  the general principles of the Indian Trusts Act
  1882 are applied.
 Main Instrument : The main instrument of
  any public charitable trust is the trust
  deed, wherein the aims and objects and
  mode of management (of the trust) should be
  enshrined. In every trust deed, the minimum
  and maximum number of trustees has to be
  specified.
 The trust deed should clearly spell out the
  aims and objects of the trust, how the trust
  should be managed, how other trustees may
  be appointed or removed, etc. The trust deed
  should be signed by both the settlor/s and
  trustee/s in the presence of two witnesses.
  The trust deed should be executed on non-
  judicial stamp paper, the value of which
  would depend on the valuation of the trust
  property.
 HOW TO REGISTER A TRUST
 Trusts are registered using a document called
  TRUST DEED. This document contains all the
  information about the trust and is
  printed/written/typed on plain papers. With
  these papers you would need to attach Rs.
  100 Non-Judicial stamp paper. All the trustees
  and witnesses will have to give thumb
  impressions and signatures on these papers.
  All in all, you will need help of a notary to
  prepare the papers.
 You may also need a no-objection certificate
  from the owner of the property where the
  registered office of the trust is to be situated
 For registering a trust you need minimum
  two trustees (i.e. one settler and another
  person). You can decide maximum number of
  trustees and it must be mentioned in the trust
  deed. All the trustees together are called
  Board of Trustees. This board collectively
  governs the trust
 In case of trusts, all or some of the trustees
  can be related persons (i.e. belonging to the
  same family)
 All the trusts are allowed to work on all India
  level
1. Trusts are irrevocable –unless it is
   mentioned in the trust deed. This means
   that the trust cannot be wound up
 Trust deed can be amended through a
  supplementary trust deed
 Trustees are usually life-long members or
  their tenure is specified in the deed. Electoral
  process is not involved in the appointment of
  trustees
 Board of Trustees can also have various
  designations for trustees. Common
  designations are Chairperson and Managing
  Trustee
 Trustees cannot draw any remuneration from
  the trust fund.
 Profits cannot be distributed among the
  trustees
 At the time of registration, only the Settlor
  and two witnesses are required to be
  present in front of the Sub-registrar under
  whose jurisdiction the registered office
  address comes. Sub-registrar will check IDs
  of these people. After that the trust deed
  will go to the counter where data entry
  takes place. In the end the Settlor and two
  witnesses will be photographed. You will
  need to pay 1100 rupees fee. Of this, Rs. 100
  will be the registration fee and Rs. 1000 will
  be the charges of keeping a copy of the
  trust deed with the sub-registrar. This will
  end the process.
 After the registration of trust, you shall get
  the copy of the registration from the
  Registrar and you shall apply for PAN
  card, and you have to apply for proper
  Income tax registration with Income tax
  department
 After you have properly got the Income tax
  certificate for the Trust (12A), you can also
  apply for tax exemption certificates
 Trust should be registered with a "Registered
  office address of the trust” with proper
  landmarks
COOPERATIVES

 A cooperatives is an autonomous association
  of person united voluntarily to meet their
  common economic social and cultural needs
  ad aspirations through a jointly owned and
  democratically controlled enterprise
 Cooperatives as business enterprise posses
  some basic interest such as ownership and
  control but these interest are directly vested
  in the hands of the user. Therefore they
  follow certain values
 The values universally recognized as
  cornerstones of cooperative behavior are self
  help ,democracy, equality and solidarity
 Voluntary and open membership ,democratic
  control ,economic participation, autonomy
  ,training, information and concern for
  community are the ordinary features by
  which the cooperation put their values in to
  practice
 The first law on cooperatives came to force in
  India in 1904 entitled the cooperative credit
  societies act 1904
 The cooperative credit societies act 1904 was
  followed by a number of supporting
  legislation including the cooperatives
  societies act 1912,which provided for the
  information of non credit societies and
  federal cooperative organizations.
 All societies must be formed under the
  Cooperative Societies Act, 1912 or under the
  relevant state cooperative laws.
 For formation of a cooperative society at
  least 10 persons are required. They must have
  the common objective to serve each other by
  forming a society. They have to contribute
  capital in form of share capital and decide to
  take up any one or more activities. They form
  a managing committee from and among the
members who looks after the management of
the society and implements the decisions of
the members. As our Constitution is wedded
to a socialistic pattern of society, it is a part of
the Government policy to promote and
encourage establishment of cooperative
societies.
Therefore, cooperative societies enjoy
several benefits provided by the Government
from time to time . But in order to get those
benefits the society must have to register
under the Cooperative Societies Act.
The procedure for registration


 Apply for registration of the association as
  cooperative society in a prescribed proforma
  available with the Registrar of Cooperative
  Societies with requisite information like
 1) List of members, their individual addresses,
 (2) Name and objectives of the society for
  which it has been formed,
 (3) Collection of funds - share capital or loan
  fund with their utilization process,
 (4) Office bearers as managing committee
  and their powers,
 (5) Admission and retirement of
  members, and
 (6) Bye-law of the society.
 On fulfillment of all the above requirements
  the Registrar may issue a certificate of
  Registration in favor of that society, which
  elevates the status as Registered cooperative
  society or corporate body.
EXECUTIVE COMMITTEE
 An executive committee is defined as group
  of directors appointed to act on behalf of and
  within the power granted to them by the
  board of directors
 It consist of a chairperson, vice chairperson
  ,secretary and treasurer. It also include three
  representative from the board
 The executive committee may with board
  approval invite the chairperson and vice
  chairperson to attend executive committee
  meeting without a vote
Authority of executive committee
 The executive committee members have a
  vital role to play if a club is to be sucessful
  .The most important attribute for an
  executive member to have enthusiasm and a
  dedication to the club or society
 President/Chairperson
    The president is the principal leader of the
  club and has a overall responsibility for the
  clubs administration. The president is elected
  by club members and there for representing a
  view of members
 The president sets the overall annual
  committee agenda, help the committee to
  prioritize its goal and then keep the
  committee on track by working within that
  overall frame work
 At operational level major function of
  president is to facsilitate executive
  committee meetings
Secretary
 The secretary is the chief administration
  officer of the club or society. The secretary
  should organize the meeting ,times, dates
  and book meeting rooms. Secretary should
  prepare and issues agendas, supporting
  papers and minutes of the previous meeting.
  This secretary keep all club record and
  maintain register of members, named
  addresses and contact details.
Treasurer
 The treasurer is the chief financial manager of
  the club or society. The treasurer bears the
  weighty responsibility for all club monetary
  transactions and financial records. The
  treasurer should prepare the budget
  demonstrating income and expenditure .The
  treasurer authorize all cash transactions and
  be accountable for its safe keeping
General Body

 The general body will include all the members
  of the society. It include functional advisory
  committee, executive committee and think
  tank. The vice president shall be elected by
  the general body meeting.
 The secretary,treasuree and the other
  executive members will be elected by a
  meeting of the general body for a period of
  three years.
 The election will be by secret ballot as per
 condition and procedure laid down in by laws
 There shall be annual general body meeting
 held once a year.
        An extra ordinary general body
 meeting shall be convened by the
 secretary, on a decision of the councilor on
 the requisition of at least 15 members
 ,preferably to coincide with one of the
 conferences
How ever under exceptional circumstances such
a meeting can be convened at any time with
fortnight's notice to all members. In the case of
requisitioned meeting, if the number of
members present does not exceed the join
strength of the council and the requisition the
meeting shall stand dissolved.
        Every general body meeting weather
annual, ordinary or extra ordinary shall be called
by at least 14 days notice in writing The notice
shall specify the date ,place and time of the
meeting
THANK YOU

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Trust n cooperatives general body n exicutie committee

  • 2. TOPIC- TRUST COOPERATIVES GENERAL BODY EXECUTIVE COMMITTEE
  • 3. Trust  Trust is a special form of organization which emerges out of a will. The will maker exclusively transfer the ownership of a property to be used for a particular purpose. If the purpose is to benefits particular individuals ,it become private trust and if it is concerns with common public or community at large it called a public trust
  • 4.  Private trusts are governed by the Indian Trusts Act (1882) and are used for private purposes, such as running a private estate or institution. Privates trusts are not given any tax benefits.  If you want to do some charitable work for public –you can set up a public charitable trust. India does not have a national level law to govern charitable trusts. However, some of the states have enacted Public Charitable Trusts Act (Like Bombay Public Trusts Act, 1950)
  • 5.  Legislation : Different states in India have different Trusts Acts in force, which govern the trusts in the state; in the absence of a Trusts Act in any particular state or territory the general principles of the Indian Trusts Act 1882 are applied.  Main Instrument : The main instrument of any public charitable trust is the trust deed, wherein the aims and objects and mode of management (of the trust) should be enshrined. In every trust deed, the minimum and maximum number of trustees has to be specified.
  • 6.  The trust deed should clearly spell out the aims and objects of the trust, how the trust should be managed, how other trustees may be appointed or removed, etc. The trust deed should be signed by both the settlor/s and trustee/s in the presence of two witnesses. The trust deed should be executed on non- judicial stamp paper, the value of which would depend on the valuation of the trust property.
  • 7.  HOW TO REGISTER A TRUST  Trusts are registered using a document called TRUST DEED. This document contains all the information about the trust and is printed/written/typed on plain papers. With these papers you would need to attach Rs. 100 Non-Judicial stamp paper. All the trustees and witnesses will have to give thumb impressions and signatures on these papers. All in all, you will need help of a notary to prepare the papers.
  • 8.  You may also need a no-objection certificate from the owner of the property where the registered office of the trust is to be situated  For registering a trust you need minimum two trustees (i.e. one settler and another person). You can decide maximum number of trustees and it must be mentioned in the trust deed. All the trustees together are called Board of Trustees. This board collectively governs the trust
  • 9.  In case of trusts, all or some of the trustees can be related persons (i.e. belonging to the same family)  All the trusts are allowed to work on all India level 1. Trusts are irrevocable –unless it is mentioned in the trust deed. This means that the trust cannot be wound up  Trust deed can be amended through a supplementary trust deed
  • 10.  Trustees are usually life-long members or their tenure is specified in the deed. Electoral process is not involved in the appointment of trustees  Board of Trustees can also have various designations for trustees. Common designations are Chairperson and Managing Trustee  Trustees cannot draw any remuneration from the trust fund.  Profits cannot be distributed among the trustees
  • 11.  At the time of registration, only the Settlor and two witnesses are required to be present in front of the Sub-registrar under whose jurisdiction the registered office address comes. Sub-registrar will check IDs of these people. After that the trust deed will go to the counter where data entry takes place. In the end the Settlor and two witnesses will be photographed. You will need to pay 1100 rupees fee. Of this, Rs. 100 will be the registration fee and Rs. 1000 will be the charges of keeping a copy of the trust deed with the sub-registrar. This will end the process.
  • 12.  After the registration of trust, you shall get the copy of the registration from the Registrar and you shall apply for PAN card, and you have to apply for proper Income tax registration with Income tax department  After you have properly got the Income tax certificate for the Trust (12A), you can also apply for tax exemption certificates  Trust should be registered with a "Registered office address of the trust” with proper landmarks
  • 13. COOPERATIVES  A cooperatives is an autonomous association of person united voluntarily to meet their common economic social and cultural needs ad aspirations through a jointly owned and democratically controlled enterprise  Cooperatives as business enterprise posses some basic interest such as ownership and control but these interest are directly vested in the hands of the user. Therefore they follow certain values
  • 14.  The values universally recognized as cornerstones of cooperative behavior are self help ,democracy, equality and solidarity  Voluntary and open membership ,democratic control ,economic participation, autonomy ,training, information and concern for community are the ordinary features by which the cooperation put their values in to practice
  • 15.  The first law on cooperatives came to force in India in 1904 entitled the cooperative credit societies act 1904  The cooperative credit societies act 1904 was followed by a number of supporting legislation including the cooperatives societies act 1912,which provided for the information of non credit societies and federal cooperative organizations.
  • 16.  All societies must be formed under the Cooperative Societies Act, 1912 or under the relevant state cooperative laws.  For formation of a cooperative society at least 10 persons are required. They must have the common objective to serve each other by forming a society. They have to contribute capital in form of share capital and decide to take up any one or more activities. They form a managing committee from and among the
  • 17. members who looks after the management of the society and implements the decisions of the members. As our Constitution is wedded to a socialistic pattern of society, it is a part of the Government policy to promote and encourage establishment of cooperative societies. Therefore, cooperative societies enjoy several benefits provided by the Government from time to time . But in order to get those benefits the society must have to register under the Cooperative Societies Act.
  • 18. The procedure for registration  Apply for registration of the association as cooperative society in a prescribed proforma available with the Registrar of Cooperative Societies with requisite information like  1) List of members, their individual addresses,  (2) Name and objectives of the society for which it has been formed,  (3) Collection of funds - share capital or loan fund with their utilization process,
  • 19.  (4) Office bearers as managing committee and their powers,  (5) Admission and retirement of members, and  (6) Bye-law of the society. On fulfillment of all the above requirements the Registrar may issue a certificate of Registration in favor of that society, which elevates the status as Registered cooperative society or corporate body.
  • 20. EXECUTIVE COMMITTEE  An executive committee is defined as group of directors appointed to act on behalf of and within the power granted to them by the board of directors  It consist of a chairperson, vice chairperson ,secretary and treasurer. It also include three representative from the board  The executive committee may with board approval invite the chairperson and vice chairperson to attend executive committee meeting without a vote
  • 21. Authority of executive committee  The executive committee members have a vital role to play if a club is to be sucessful .The most important attribute for an executive member to have enthusiasm and a dedication to the club or society President/Chairperson The president is the principal leader of the club and has a overall responsibility for the clubs administration. The president is elected by club members and there for representing a view of members
  • 22.  The president sets the overall annual committee agenda, help the committee to prioritize its goal and then keep the committee on track by working within that overall frame work  At operational level major function of president is to facsilitate executive committee meetings
  • 23. Secretary  The secretary is the chief administration officer of the club or society. The secretary should organize the meeting ,times, dates and book meeting rooms. Secretary should prepare and issues agendas, supporting papers and minutes of the previous meeting. This secretary keep all club record and maintain register of members, named addresses and contact details.
  • 24. Treasurer  The treasurer is the chief financial manager of the club or society. The treasurer bears the weighty responsibility for all club monetary transactions and financial records. The treasurer should prepare the budget demonstrating income and expenditure .The treasurer authorize all cash transactions and be accountable for its safe keeping
  • 25. General Body  The general body will include all the members of the society. It include functional advisory committee, executive committee and think tank. The vice president shall be elected by the general body meeting.  The secretary,treasuree and the other executive members will be elected by a meeting of the general body for a period of three years.
  • 26.  The election will be by secret ballot as per condition and procedure laid down in by laws There shall be annual general body meeting held once a year. An extra ordinary general body meeting shall be convened by the secretary, on a decision of the councilor on the requisition of at least 15 members ,preferably to coincide with one of the conferences
  • 27. How ever under exceptional circumstances such a meeting can be convened at any time with fortnight's notice to all members. In the case of requisitioned meeting, if the number of members present does not exceed the join strength of the council and the requisition the meeting shall stand dissolved. Every general body meeting weather annual, ordinary or extra ordinary shall be called by at least 14 days notice in writing The notice shall specify the date ,place and time of the meeting