Podcast
Questions and Answers
What must every society prepare and submit regarding credit purchases?
What must every society prepare and submit regarding credit purchases?
What is the primary responsibility of the Railway Administrations concerning consumer co-operative societies?
What is the primary responsibility of the Railway Administrations concerning consumer co-operative societies?
Which document is used to obtain consent from a railway servant for share payment through salary?
Which document is used to obtain consent from a railway servant for share payment through salary?
Which type of co-operative society is specifically mentioned as providing for the needs of members?
Which type of co-operative society is specifically mentioned as providing for the needs of members?
Signup and view all the answers
How long does the Railway Administration aim to disperse recovered amounts after receipt of a society's demand?
How long does the Railway Administration aim to disperse recovered amounts after receipt of a society's demand?
Signup and view all the answers
What must happen before deductions can be made from salary bills for share money?
What must happen before deductions can be made from salary bills for share money?
Signup and view all the answers
Who oversees the overall control of consumer co-operative societies at the headquarters level?
Who oversees the overall control of consumer co-operative societies at the headquarters level?
Signup and view all the answers
What is one essential duty of welfare inspectors regarding co-operative societies?
What is one essential duty of welfare inspectors regarding co-operative societies?
Signup and view all the answers
What is the purpose of the Accounts Office in the recovery process?
What is the purpose of the Accounts Office in the recovery process?
Signup and view all the answers
What training is suggested for welfare inspectors in relation to consumer co-operative societies?
What training is suggested for welfare inspectors in relation to consumer co-operative societies?
Signup and view all the answers
How should welfare inspectors participate in the work of co-operative societies?
How should welfare inspectors participate in the work of co-operative societies?
Signup and view all the answers
What type of co-operative societies involves lending and borrowing activities?
What type of co-operative societies involves lending and borrowing activities?
Signup and view all the answers
What form must be submitted to the General Manager to apply for consumer co-operative subsidies?
What form must be submitted to the General Manager to apply for consumer co-operative subsidies?
Signup and view all the answers
Who is required to attach a certificate when forwarding the application to the General Manager?
Who is required to attach a certificate when forwarding the application to the General Manager?
Signup and view all the answers
What happens if the Registrar does not give a certificate of satisfactory working?
What happens if the Registrar does not give a certificate of satisfactory working?
Signup and view all the answers
Which certificate must be countersigned when applying for subsidy payment without the Registrar's certificate?
Which certificate must be countersigned when applying for subsidy payment without the Registrar's certificate?
Signup and view all the answers
What is the penalty for claiming an item not covered by the Railway Board's instructions?
What is the penalty for claiming an item not covered by the Railway Board's instructions?
Signup and view all the answers
Which expenditure category should be used to book the subsidy granted to co-operative stores?
Which expenditure category should be used to book the subsidy granted to co-operative stores?
Signup and view all the answers
What is the purpose of the Co-operative inspector's visit after claiming subsidies?
What is the purpose of the Co-operative inspector's visit after claiming subsidies?
Signup and view all the answers
What specific claim verification duty does the Co-operative inspector have?
What specific claim verification duty does the Co-operative inspector have?
Signup and view all the answers
Which of the following items is not necessary for payment of subsidy as specified?
Which of the following items is not necessary for payment of subsidy as specified?
Signup and view all the answers
Who is responsible for signing the certificate on behalf of the Registrar?
Who is responsible for signing the certificate on behalf of the Registrar?
Signup and view all the answers
What percentage of the administrative and establishment charges may be subsidized for the first three years?
What percentage of the administrative and establishment charges may be subsidized for the first three years?
Signup and view all the answers
What condition must be met for a society to receive the subsidy regardless of its financial results?
What condition must be met for a society to receive the subsidy regardless of its financial results?
Signup and view all the answers
During what maximum period can the subsidy be provided for fair price shop sections in certain societies?
During what maximum period can the subsidy be provided for fair price shop sections in certain societies?
Signup and view all the answers
What nominal rent is charged for suitable accommodation from societies running fair price shops?
What nominal rent is charged for suitable accommodation from societies running fair price shops?
Signup and view all the answers
What type of charges are not included in the rent for societies not running fair price shops?
What type of charges are not included in the rent for societies not running fair price shops?
Signup and view all the answers
What must a society obtain before introducing credit sales according to the Payment of Wages Act?
What must a society obtain before introducing credit sales according to the Payment of Wages Act?
Signup and view all the answers
Which of the following must exist for at least three years to qualify for specific subsidies?
Which of the following must exist for at least three years to qualify for specific subsidies?
Signup and view all the answers
What does the state cooperative department do regarding the subsidy provision?
What does the state cooperative department do regarding the subsidy provision?
Signup and view all the answers
What is the maximum limit of credit sales for societies not in a sound financial position?
What is the maximum limit of credit sales for societies not in a sound financial position?
Signup and view all the answers
What should all cash payments for refreshments served by societies be based upon?
What should all cash payments for refreshments served by societies be based upon?
Signup and view all the answers
What is the maximum duration for which the subsidy is granted to fair price shop sections?
What is the maximum duration for which the subsidy is granted to fair price shop sections?
Signup and view all the answers
What happens to societies selling goods on credit that do not comply with set instructions?
What happens to societies selling goods on credit that do not comply with set instructions?
Signup and view all the answers
What types of expenses are covered for the rent of societies not running fair price shops?
What types of expenses are covered for the rent of societies not running fair price shops?
Signup and view all the answers
What should a society do after securing the necessary approval for credit sales?
What should a society do after securing the necessary approval for credit sales?
Signup and view all the answers
In what case is no recovery of dues allowed according to the guidelines?
In what case is no recovery of dues allowed according to the guidelines?
Signup and view all the answers
What is a requirement for a society to allow credit sales of up to the full value of shares subscribed?
What is a requirement for a society to allow credit sales of up to the full value of shares subscribed?
Signup and view all the answers
Which ministry's limits must not be exceeded concerning credit sales?
Which ministry's limits must not be exceeded concerning credit sales?
Signup and view all the answers
When can a society not impose any restrictions on credit sales?
When can a society not impose any restrictions on credit sales?
Signup and view all the answers
What needs to happen to amendments that infringe the Payment of Wages Act?
What needs to happen to amendments that infringe the Payment of Wages Act?
Signup and view all the answers
What is one condition under which additional subsidy and nominal rent can be allowed to consumer co-operative societies?
What is one condition under which additional subsidy and nominal rent can be allowed to consumer co-operative societies?
Signup and view all the answers
What is the period for which broken sales periods should be calculated for granting additional subsidy?
What is the period for which broken sales periods should be calculated for granting additional subsidy?
Signup and view all the answers
Which of the following is a condition for the recovery of dues on credit sales from railway servants' salary bills?
Which of the following is a condition for the recovery of dues on credit sales from railway servants' salary bills?
Signup and view all the answers
How should reasonable rent be recovered when providing quarters to Railwaymen's Consumer Co-operative store staff?
How should reasonable rent be recovered when providing quarters to Railwaymen's Consumer Co-operative store staff?
Signup and view all the answers
What is the purpose of supplying medical facilities to the staff of consumer co-operative societies?
What is the purpose of supplying medical facilities to the staff of consumer co-operative societies?
Signup and view all the answers
Which group of individuals is entitled to special passes for attending committee meetings?
Which group of individuals is entitled to special passes for attending committee meetings?
Signup and view all the answers
Under what circumstance can the recovery of dues on account of credit sales be denied?
Under what circumstance can the recovery of dues on account of credit sales be denied?
Signup and view all the answers
Which entity is responsible for ensuring timely audits of consumer co-operative societies?
Which entity is responsible for ensuring timely audits of consumer co-operative societies?
Signup and view all the answers
What must societies do after the close of the co-operative year to facilitate audits?
What must societies do after the close of the co-operative year to facilitate audits?
Signup and view all the answers
What action should be taken if there is undue delay in completing audits of societies?
What action should be taken if there is undue delay in completing audits of societies?
Signup and view all the answers
Which document must be obtained from the societies after receiving the audit report?
Which document must be obtained from the societies after receiving the audit report?
Signup and view all the answers
During their visits, what should welfare inspectors verify about the societies?
During their visits, what should welfare inspectors verify about the societies?
Signup and view all the answers
What costs are excluded from the establishment charges when calculating subsidies?
What costs are excluded from the establishment charges when calculating subsidies?
Signup and view all the answers
Which of the following is NOT included in administrative charges for subsidy calculation?
Which of the following is NOT included in administrative charges for subsidy calculation?
Signup and view all the answers
When is no subsidy paid to societies towards rent according to the guidelines?
When is no subsidy paid to societies towards rent according to the guidelines?
Signup and view all the answers
Which item should be shown separately in the annual profit and loss accounts of Railway men's consumer co-operative societies?
Which item should be shown separately in the annual profit and loss accounts of Railway men's consumer co-operative societies?
Signup and view all the answers
What must be fulfilled for societies registered after 12th August 1949 to be eligible for subsidies?
What must be fulfilled for societies registered after 12th August 1949 to be eligible for subsidies?
Signup and view all the answers
Which type of expense related to staff is included in the establishment charges?
Which type of expense related to staff is included in the establishment charges?
Signup and view all the answers
Which condition relates to the timeline of subsidy payment procedure?
Which condition relates to the timeline of subsidy payment procedure?
Signup and view all the answers
Which form of documentation is necessary for applying for consumer co-operative subsidies?
Which form of documentation is necessary for applying for consumer co-operative subsidies?
Signup and view all the answers
What type of charges is specifically excluded from administrative charges for subsidy calculation?
What type of charges is specifically excluded from administrative charges for subsidy calculation?
Signup and view all the answers
What is required for consumer co-operative societies to build structures on railway land?
What is required for consumer co-operative societies to build structures on railway land?
Signup and view all the answers
What is the maximum value for credit purchases made by a railway servant through a society?
What is the maximum value for credit purchases made by a railway servant through a society?
Signup and view all the answers
Which of the following expenses is covered under the rent for co-operative store accommodations?
Which of the following expenses is covered under the rent for co-operative store accommodations?
Signup and view all the answers
What should be included in the bye-laws of consumer co-operative societies when allowing credit sales?
What should be included in the bye-laws of consumer co-operative societies when allowing credit sales?
Signup and view all the answers
What happens to railway land licensed to co-operative societies once it is needed by the railway?
What happens to railway land licensed to co-operative societies once it is needed by the railway?
Signup and view all the answers
Which provision is explicitly stated regarding the supply of equipment to co-operative stores?
Which provision is explicitly stated regarding the supply of equipment to co-operative stores?
Signup and view all the answers
What is the stipulated number of ceiling fans provided per store free of charge?
What is the stipulated number of ceiling fans provided per store free of charge?
Signup and view all the answers
In which situation can a society NOT impose restrictions on credit sales?
In which situation can a society NOT impose restrictions on credit sales?
Signup and view all the answers
What is the purpose of installing electrical installations in co-operative stores?
What is the purpose of installing electrical installations in co-operative stores?
Signup and view all the answers
What must occur before credit sales can be introduced by a society?
What must occur before credit sales can be introduced by a society?
Signup and view all the answers
What action does the Accounts Office take after passing the bill?
What action does the Accounts Office take after passing the bill?
Signup and view all the answers
Who is eligible for special casual leave according to the guidelines?
Who is eligible for special casual leave according to the guidelines?
Signup and view all the answers
What is the maximum duration of special casual leave allowed in a calendar year?
What is the maximum duration of special casual leave allowed in a calendar year?
Signup and view all the answers
Which of the following is NOT a reason for granting special passes to railway servants?
Which of the following is NOT a reason for granting special passes to railway servants?
Signup and view all the answers
What must be verified by the society upon receiving the cheque?
What must be verified by the society upon receiving the cheque?
Signup and view all the answers
Which committee meeting type does NOT qualify for special casual leave?
Which committee meeting type does NOT qualify for special casual leave?
Signup and view all the answers
What must a society do after checking the recoveries on receipt of funds?
What must a society do after checking the recoveries on receipt of funds?
Signup and view all the answers
What is required for special casual leave to be applicable to railway servants based outside their headquarters?
What is required for special casual leave to be applicable to railway servants based outside their headquarters?
Signup and view all the answers
Which aspect is NOT included in the responsibilities of the managing committee members regarding the societies?
Which aspect is NOT included in the responsibilities of the managing committee members regarding the societies?
Signup and view all the answers
What primary documentation must accompany the cheque sent to the society?
What primary documentation must accompany the cheque sent to the society?
Signup and view all the answers
Study Notes
Co-operative Societies on Railways
-
Types of societies: Consumer, credit, and housing societies operate on railways.
-
Government encouragement: The government supports the co-operative movement on Indian Railways.
-
Consumer Co-operative Societies (Stores): These societies provide goods to members.
-
Organization: Railway administrations oversee and guide these societies, with chief personnel officers having overall control. Welfare inspectors monitor and support societies. Training for inspectors is provided under a Railway Board-approved syllabus.
-
Organization Structure: A dedicated welfare inspector is assigned to each location to take care of co-operative societies' organization, development, etc., and submits a monthly report to the chief Personnel Officer through the Divisional Personnel Officer. Railway administrations are responsible for providing quarterly reports to the Railway Board.
-
Single Store per Junction: Ideally, there should be only one cooperative store per junction station where multiple railways meet, supervised and supported by the railway working that particular station.
-
Classification:
-
Small stores: Under 1000 members
-
Large stores: 1000+ members
-
Area of Operation: Stores need to have defined areas to avoid overlapping. Small stores typically have a 32-km radius with at least 600 railway employees. Areas must be within the store's territorial boundaries..
-
Membership: All serving railway staff can be members. Retired employees are generally ineligible for membership beyond a limited period, and relatives are not eligible. Members must buy at least one share (minimum value: Rs. 10) and pay an admission fee (50 paise or Re. 1).
-
Management: Management committees are composed of the society's members. Paid secretaries manage daily operations under committee oversight. Subcommittees can be assigned specific responsibilities. Ultimate authority lies with the shareholders.
-
Gazetted Railway servants can be elected as committee members or office-bearers, but not ex-officio members unless approved by the Railway Board. Nominations for management committees can be made in specific cases including Railway mens Consumer Co-operative Societies with a possibility of authorized gazetted officers on the management committee.
-
Concessions: Railway societies can receive financial support in various ways.
-
Subsidy: Subsidies are available, based on factors including administrative and establishment charges for a certain period for railway men's consumer co-operative stores and for operation of fair price shops (not more than 3 years in the latter). Also, considerations of financial performance and compliance with conditions by registered co-operative societies are evaluated.
-
Recovery of Dues: Dues from credit sales can be recovered from monthly salary through a formal process. Similar procedures apply for recovering share money, with specific forms (pertaining to deductions via salary bills).
-
Allocation of Subsidy: Subsidy expenditure must be correctly classified under the appropriate designated heading and the records properly maintained.
-
Accommodation: Societies can rent available railway premises as needed. Otherwise, construction can proceed, but only with prior sanction.
-
Employment: Outside agencies handling consumer society business should be avoided.
-
Co-op Societies:
- No over-expansion: Avoid unnecessary proliferation of branches.
- High-margin goods: Prioritize high-profit-margin items.
- Overhead control: Be mindful and control overheads closely.
-
Passes and leave: Special casual leave and special passes are available to staff members in management committees.
-
Medical Facilities: Railway employees in co-operative stores can utilize railway hospitals and dispensaries at rates reflecting per-capita costs.
-
Bye-laws: The railway board provides model bye-laws to follow.
-
Audit: Co-op societies need audits of their financial records, and a timeframe applies for timely conclusion of these audits, with the State Cooperative Departments handling these processes, but prompt action is expected from the administrations regarding any unusually long delays. Monthly reports are expected.
-
Paid Establishments: Appropriate staffing levels may vary based on the store size and membership.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz explores the structure and functioning of co-operative societies on Indian Railways, including types such as consumer, credit, and housing societies. It highlights the government's role in encouraging these societies and the oversight provided by railway administrations. Test your knowledge on the organization, benefits, and management of these societies.