Article 243ZO Simplified: Right of a member to get information

Official Text

(1) The Legislature of a State may, by law, provide for access to every member of a co-operative society to the books, information and accounts of the co-operative society kept in regular transaction of its business with such member. (2) The Legislature of a State may, by law, make provisions to ensure the participation of members in the management of the co-operative society providing minimum requirement of attending meetings by the members and utilising the minimum level of services as may be provided in such law. (3) The Legislature of a State may, by law, provide for co-operative education and training for its members.

Simple Meaning

Article 243ZO ensures that every member of a cooperative society has access to its books, accounts, and transaction records. It also directs states to make laws encouraging member participation in management (by prescribing minimum meeting attendance or service usage) and providing cooperative education and training for members.

Explain Like Ten

If you are a member of a cooperative, you have the right to look at the books and records of your own transactions. The government must also make sure members get training on how cooperatives work.

Student Mode

Article 243ZO ensures that every member of a cooperative society has access to its books, accounts, and transaction records. It also directs states to make laws encouraging member participation in management (by prescribing minimum meeting attendance or service usage) and providing cooperative education and training for members.

Example

A member of a consumer cooperative suspects a discrepancy in purchasing prices. Under Article 243ZO, they have a legal right to inspect the society's ledger books and accounts for that transaction, and the cooperative provides them training on cooperative principles.

Key Takeaway

Article 243ZO empowers individual cooperative members through mandatory access to information and education.

FAQs

What rights do cooperative members have regarding information?

Members have a right of access to the books, information, and accounts of the cooperative society kept in the regular transaction of its business with that member.

Does the Constitution mention cooperative training for members?

Yes. Article 243ZO(3) states that state laws may provide for cooperative education and training for its members.

Quiz

Which of the following is guaranteed to a cooperative member under Article 243ZO?

Answer: Access to books and accounts of transactions with that member

What does Article 243ZO suggest state laws should do regarding member participation?

Answer: Prescribe minimum requirements for meeting attendance and service utilization

Related Topics

• Article 243ZN
• Article 243ZP