AIMS AND OBJECTIVES

The primary objective of the societies to encourage the oil seeds growers and help them by purchasing their oilseeds for the society. Disseminate knowledge scientific research to increase their quantities and qualitative yield per acre and to carry on the business of manufacturing oil and cakes and selling oil and cakes etc... For the benefit of the oil seeds growers and consumers in the state and the country for the purpose of attaining his object, it shall be competent for the society. To acquire , purchase or take on lease any land to erect and construction such lands , buildings , houses , and sheds necessary and suitable for the working of the entire society, labour quarter , rest house , hospitals , schools , reception centres , play grounds , canteen etc . So as to meet any other statutory equipment in this regards and to provide by purchase or otherwise machinery and operates requisites for efficient working of such society. To purchase and erect plant and machinery suitable for the purpose of oil extracting, solvent extraction, refinery, vegetables products etc out of the verities of oil seeds grown in the state and to carry on all or any of the business .pertaining to the oil seeds, oil industries and any other product to be manufactured or derived out of the oil seeds. To raise funds for under taking all or any of the activities stated in this byelaws. To purchase either for cash or an credit such raw materials including all verities of oil seeds as may be required for the industry and to store them from time to time. T o sell either raw materials that are not required for the society or any other products manufacture out of the industry, run by the society. To make, accept, endorse and executes promissory notes, bills of exchange and other negotiable instruments. To subscribe for and to hold shares in cooperative and other institution as permissible under the Karnataka cooperative society Act 1959. To encourages self help, thrift and cooperation among members.

Funds: Funds may be raised :

By issue of share

By receiving deposits from members Raising loans and debenture By entrance fees By accepting donation, subscribes and grants By deducting from the sale proceeds of oil seeds brought by members at a rate not exceeding 5% of the sale proceeds and these deductions. so made shall be carried to non refundable deposit in order to redeem the shares contributed by government these deposits shall not be refundable in cash but shall be entitle to receive the share value of amount at his credit the board of directors shall frame rules in the half

 The authorised share capital of the society shall be fixed in the annual general body meeting of the society. The board of director of the society shall Act according to the decision of annual general body meeting respect of authorised share capital. Deposits and loans may be received for fixed periods at such rates of interest and to such an amount. As may be determined by the board of director provided that the total of loans and deposits shall not exceed 10 times the total amount of its paid up share capital, accumulated reserve fund and building fund minus accumulated losses.

Membership and shares: Their shall be classes of membership as under: A class : individual growers {693 members} B class : primary cooperative credit society, marketing
societies, processing society and federation of such societies {14 members}

C class : the Karnataka state govt { 1 member } D class : nominal members { 459 members } The return application for membership has been approved by the board of directors. He is person residing within the area of operation of the society The application for membership is accomplished by the entrance of fees rupees 25

No one shall be member unless :-

a member of the society may be expelled by a vote of the general meeting if :-

he is persistent defaulter he wilfully deserves the society by false statement he bankrupt or legally disabled he is criminally convicted for offences involving moral turpitude he intestinally does any Act likely to injure credit of the society

Board of directors: 12 directors to be elected by A classes members out of

which one seat is to reserved for sc /st candidate and one seat for women member.

6 directors to be elected by B classes

8 members shall form a quorum.