Beruflich Dokumente
Kultur Dokumente
dated .
12-2012
FORM 14
(See Sub-Rules (8) of the rule 9 of the Tamilnadu Co-operative societies rules 1988) Certificate of Registration of amendment of By-Laws under sub-section (5) of section 11 of the Tamilnadu Co-operative societies Act 1983 ( Tamilnadu Co-operative societies Act of 1983) I hereby certify that under sub-section (5) of section 11 of the Tamilnadu Cooperative societies act 1983, (Tamilnadu Act 30 of 1983 ) the amendment of the by-laws of the D.D.132 The Dharmapuri District Agricultural Engineering Department Employees Cooerative thrift and credit society Ltd, Dharmapuri registered by me as shown below
BYLAW NO : 17
As Existing The executive Management of society shall vest in a board consisting 7 (seven) Directors of whom not less than 2 shall be women and 1 shall belong to scheduled caste or scheduled tribes. As Amended The Executive Management of the Society shall vest in a board consiting of Eleven Directors whom not less than three shall women and not less than two shall belongs to scheduled caste/scheduled tribes.
BYLAW NO : 18
As Existing The executive Management of society shall vest in a board consisting 7 (seven) Directors of whom not less than 2 shall be women and 1 shall belong to scheduled caste or scheduled tribes. As Amended The Executive Management of the Society shall vest in a board consiting of Eleven Directors whom not less than three shall women and not less than two shall belongs to scheduled caste/scheduled tribes.
1 2 3 4
Above 15 years
365 days
3 4 5
iii)
SPECIAL BY LAW No
As existing :
1.1. Marriage Loan : Not more than two loans in their entire carrier subject to following conditions. For Male Employees : 1. Self Marriage : 20,000/2. Son Marriage : 20,000/3. Daughter Marriage : 30 ,000/For Women Employees : 1. Self Marriage : 30,000/2. Son Marriage : 20,000/3. Daughter Marriage : 30 ,000/1.2. Vehicle Loan Eighty Percent of the value of the vehicle or rupees fifty thousand Whichever is least. 3. Loans granted under the Bylaw 1.1 and 1.2 shall carry simple Interest at the rate not more than the prevailing rate of interest on Fixed deposit admissible to the members at the time of Disbursement of the loan. 4. The Loan granted under Bylaw. 1.1 and 1.2 shall be repaid in not less than twelve and not more than sixty monthly installments. No. 1.2. (Vehicle loan to the employees of the society) 1. Application shall be made in the prescribed form issued by The Society accompanying a quotation from the authorized Dealer of the vehicle.
2. No employee shall be given a loan under the scheme unless he has put in at-least three years service in the Society. 3. The amount should not exceed as prescribed in the Bylaw. 4. The employee of the society should have leftover service Of not less than 12 months. If the leftover service is less Than 12 months it may consider sanctioning the loan to the employee , on case to case basis , by increasing the installments amount , if the carry home salary remains 25% after deduction of all the loans. The employee who prescribed , installments will be restricted proportionately to the extent of their service in the society. 5. The repayment period will commence succeeding the month Of disbursement of the loan. 6. The vehicle purchased shall be covered by a comprehensive i Insurance Policy taken from the insurance company during the entire period of loan. The employee shall annually produce the insurance certificate to the society for verification. 7. The R.C. Book must be produced to the society at least
Once in three months. The vehicle is subject to periodical as well as surprise inspection by the officials of the society. The employees shall be given an undertaking to that effect. 8. The employee shall keep the vehicle in good condition and In order during the tenure of the loan. 9. The societys lien on the vehicle would be recorded on the Relevant registration certificate. 10. The vehicle shall not be transferred , sold or otherwise Disposed off without the prior written permission of the Society till the loan due to the Society is cleared with Interest , provided that the sale proceeds shall be used to clear the loan and interest if any to the extent outstanding. 11. In the case of termination of the employees service for any Reason before the normal closure of the loan as stipulated herein , it shall be open to the society to recover the entire balance from the net salary due to the employee and from the provident fund or gratuity of any other amount due to him from the society. 12. No employee shall be sanctioned more than one loan at a Time and no fresh loan will be given when the original loan is outstanding. 13. It shall be open to the society to foreclose the loan at any Time if any or all these rules are violated by the employee.