Outline for Circumstance under which a cooperative society may dissolved?

I. Introduction
- Brief explanation of what a cooperative society is
- Importance of cooperative societies in promoting economic development and social welfare

II. Reasons for dissolution of a cooperative society
A. Failure to achieve objectives
- Inability to generate profits or achieve financial sustainability
- Lack of member participation and commitment
- Changes in market conditions or external factors affecting the viability of the cooperative

B. Internal conflicts and disputes
- Disagreements among members or leadership
- Mismanagement or corruption within the cooperative
- Legal issues or regulatory violations

C. Decline in membership
- Loss of members due to dissatisfaction or lack of benefits
- Inability to attract new members or retain existing ones
- Demographic changes or shifts in community needs

D. External factors
- Changes in government policies or regulations affecting cooperative operations
- Economic downturn or market disruptions impacting the cooperative's viability
- Natural disasters or other unforeseen events causing significant damage or loss

III. Process of dissolution
A. Decision-making
- Members vote on dissolution at a general meeting
- Board of directors or management committee oversees the process
- Legal requirements and procedures for dissolution

B. Settlement of debts and liabilities
- Assessment of assets and liabilities
- Payment of debts and obligations
- Distribution of remaining assets to members or other stakeholders

C. Closure of operations
- Ceasing business activities and operations
- Disposal of assets or transfer to other entities
- Settlement of contracts and agreements

IV. Conclusion
- Importance of proper planning and management to prevent dissolution of cooperative societies
- Potential impact on members, employees, and the community
- Need for support and assistance for members and stakeholders during the dissolution process.

Outline: Circumstances under Which a Cooperative Society May Be Dissolved

I. Voluntary Dissolution

A. Resolution by Members:
- Two-thirds majority vote at a special general meeting
- Notice of meeting and resolution to be given to Registrar of Cooperatives

B. Liquidation Process:
- Appointment of liquidator(s)
- Distribution of assets to members after settlement of debts

II. Statutory Dissolution

A. Insolvency
- Inability to meet obligations as they fall due
- Initiation of bankruptcy proceedings

B. Unachievable Objects
- Failure to achieve the stated objectives of the cooperative
- Inability to adapt to changing market conditions

C. Reduction in Membership
- Fall in membership below the minimum required by law
- Difficulty in finding new members

D. Mismanagement or Fraud
- Serious misconduct by directors or officers
- Misappropriation of funds or property

E. Merger or Consolidation
- Combination with another cooperative
- Creation of a new entity

III. Judicial Dissolution

A. Court Order
- Legal proceedings initiated by a member or creditor
- Grounds for dissolution include:
- Failure to comply with legal requirements
- Breach of fiduciary duty
- Oppression of minority members