DRAFT| Co-operative Society must 'function democratically'; its members should not join as 'capitalists': Top Court

Rferring to the legislative scheme under the West Bengal Co-operative Societies Act, 1940 (‘the Act 1940’), the Supreme Court recently held that it goes to show that the Co-operative Society is to function democratically and the internal democracy of a society, including resolutions passed in accordance with the Act, the Rules, and the bye-laws have to be respected and implemented.

Case Title: The Bengal Secretariat Cooperative Land Mortgage Bank and Housing Society Ltd. vs. Sri Aloke Kumar & Anr.