Andhra Pradesh Mutually Aided Cooperative Societies Act No. 30
(enacted in 1995)
The Andhra Pradesh Mutually Aided Cooperative Societies Act No. 30 provides for the voluntary formation of cooperative societies in the state of Andhra Pradesh, India. States in India typically have their own co-operative societies acts; this one is provided as an example of a mutually aided cooperative societies act.
This enactment was the final step in an effort to create a new legislative environment for cooperatives in Andhra Pradesh. The act was originally enacted in Andhra Pradesh in 1995, and has since been enacted, with alterations, by a number of other states.
It provides for the voluntary formation of cooperative societies as accountable, competitive, self reliant business enterprises, based on thrift, self-help and mutual aid and managed and controlled by members for their economic and social betterment and other matters connected.
The act also lists:
- Principles of cooperation for framing bylaws by cooperative societies;
- Registration requirements, display of name, bylaws;
- Provisions relating to change of liability, transfer of assets and liabilities, division, amalgamation;
- Laws for promotion of subsidiary organization;
- Laws for fund related activities; and
- Eligibility requirements for membership.