Q.State any four objectives of the Maharashtra Co-operative Societies Act, 1960.

The Act was passed to give the co-operative movement a firm legal framework — from birth (registration) to death (winding up) of a society.

The Maharashtra Co-operative Societies Act, 1960 was enacted to consolidate and amend the law relating to co-operative societies in the State and to secure the orderly development of the movement. Its important objectives include:

1. Registration and legal status — to lay down who may form a society, the minimum number of members and the procedure for registration, and to give a registered society the status of a body corporate that can own property and sue and be sued in its own name.
2. Regulation of working — to regulate membership, share capital, management by an elected committee, meetings, accounts, and the use of funds and profits.
3. Audit, inquiry and inspection — to protect members by making yearly audit compulsory and by empowering the Registrar to inquire into and inspect a society's affairs.
4. Settlement of disputes and recovery of dues — to provide co-operative courts for quick, cheap settlement of disputes, and to allow dues to be recovered as arrears of land revenue. (Other objectives include supervision and control by the Registrar, provision for winding up, and the promotion of the healthy growth of the movement.)
   ✓Final answer

   Any four of: registration and body-corporate status; regulation of membership, management and funds; compulsory audit, inquiry and inspection; settlement of disputes through co-operative courts and easy recovery of dues; supervision and control by the Registrar; and orderly promotion of the co-operative movement.

Writing general points about co-operation instead of objectives of the Act. Anchor each objective to what the law actually provides (registration, regulation, audit, disputes, recovery, control).