Article 243ZI of CoI : Article 243ZI: Incorporation of co-operative societies.

Explanation using Example

Example 1:

Ravi and his friends in a village in Maharashtra decide to form a co-operative society to help local farmers get better prices for their produce. They voluntarily come together and approach the state government to incorporate their co-operative society. The Maharashtra state legislature, under the provisions of Article 243ZI, enacts a law that outlines the process for incorporating such societies. This law ensures that the co-operative society is formed based on democratic member-control, meaning all members have a say in the decision-making process, and member-economic participation, meaning profits are shared among the members. The society operates autonomously, without undue interference from external entities.

Example 2:

A group of artisans in Tamil Nadu wants to create a co-operative society to market their handmade crafts. They follow the state law enacted under Article 243ZI, which provides guidelines for the incorporation, regulation, and winding up of co-operative societies. The law ensures that the society is formed voluntarily and operates democratically, with each artisan having an equal vote in the society's decisions. The profits from the sale of crafts are distributed among the members, and the society functions independently, managing its own affairs without external control. If the society ever needs to be dissolved, the same law provides a clear process for winding up the society's operations.