Bye-Laws

Since the inception of the Society in 1960, the first amendment to its Bye-laws was made way back in 1964 — the only amendment made for a long period. The name of the Society was changed from "Ranchi Government Employees Cooperative House Construction Society" to "Services Housing Cooperative Society Ltd., Ashoknagar, Ranchi".

With the passage of time, the need for further amendments was felt, and previous Boards did propose amendments and got them approved by the General Body; but for one reason or another, could not get them registered as required under the Act.

It was the proud privilege of the Board (1992–95) to take up the question of amendment in right earnest. The Board took the initiative and completed work that could not be done for a period of thirty years.

The second major amendment to the Bye-laws was discussed thoroughly at an Extraordinary General Body Meeting, exclusively convened for the purpose, on 21.08.1994, and as approved, was duly registered vide District Co-operative Officer, Ranchi Memo No. 109 dated 14.03.1995.

There were small amendments as and when required during 1996 to 2004. The third major amendment was taken up and several clauses were amended by Extraordinary General Body Meetings held on 21.11.2004 and 16.01.2005; new clauses were also added, registered vide Memo No. 436 dated 28.07.2005.

The fourth major amendment, covering 13 clauses and sub-clauses, was taken up at the Extraordinary General Body Meeting held on 19.02.2012 and the Annual General Body Meeting held on 22.07.2012, registered vide Memo No. 1394 dated 05.12.2012.

The sixth amendment, covering 3 clauses and sub-clauses, was taken up at the Extraordinary General Body Meeting held on 15.02.2015, registered vide Memo No. 57 dated 29.01.2016. The seventh amendment, covering 2 clauses and sub-clauses, was taken up at the Annual General Body Meeting held on 12.07.2015, registered vide Memo No. 62 dated 30.01.2016.

We take this opportunity to express our appreciation and record our acknowledgements to each and every member of the Society — particularly the members of the present Board and all those who offered concrete suggestions and participated in deliberations and in drafting the Bye-laws at various stages. Our thanks are also due to the District Co-operative Officer and officers of the State Co-operative Department for going through the amended Bye-laws and registering the same.

— Naresh Pd. Sinha, Hony. Secretary  |  R.D. Narayan, Vice-Chairman  |  N.P. Sinha, Chairman

Form No. VII, Rule 17(2) — Certificate dated 08.12.2011

Certifies that amendments to the Bye-laws of the Society (Registration No. 20/R dated 21.03.1960), registered under the Jharkhand and Orissa Co-operative Societies Act, 1935, have been registered under Section 25 of the said Act, bearing certificate number 642 dated 08.12.2011. The amended clauses are: Clause 4(1), Clause 4(2), (3), Clause 5, 8, 9(i) and (vi), Clause 11(b), Clause 14(a), (b) & (d), Clause 21 and 27 1(c). — District Co-operative Officer, Ranchi.

Certificate dated 30.01.2016

Certifies amendments registered under Section 25, bearing Memo No. 1394 dated 05.12.2012, Memo No. 57 dated 29.01.2016 and Memo No. 62 dated 30.01.2016. Amended clauses: Clause 15(a), 46(b)(ii), 60 & Clause 14(e); again Clause 4(b) 10 and 11(b) & Clause 9(i) and 14(b) only. — District Co-operative Officer, Ranchi.

Certificate — Memo No. 436 dated 28.07.2005

Certifies amendments registered under Section 25, bearing number 1394 dated 05.12.2012, appended to the document. Amended clauses: 1, 2, 4(1), 4(3), 5, 8, 9(i), 9(ii), 9(v), 9(vi), 10, 11(b), 14(b), 14(d), 14(e), 15(a), 17(b)(i), 17(b)(ii), 17(c), 26(ii), 27(3), 27(4), 30(i), 34(a), 45(iv), 46(ii), 47(a)(i), 47(a)(vi), 51(iv), 56, 58, 60 and 61, dated 28th July 2005. — District Co-operative Officer, Ranchi.

Certificate — Memo No. 109 dated 14.03.1995

Certifies amendments registered under Section 25, bearing certificate number 109 dated 14th March 1995. Amended clauses: 3(d), 3(f), 5, 6, 7, 9(i), 10, 11(a), 11(b), 11(c), 16, 19(a), 19(b), 22(i)–(vi), 40(a)–(i), 41(a), 41(b), 45(i), 45(ii), 45(iv), 45(v), 46(b)(i), 47(a)(i), 47(b)(i), 47(b)(ii), 47(c)(i)–(vi), 47(d)(i), 47(d)(ii), 49 & 60. — District Co-operative Officer, Ranchi.

Certificate dated 24.12.2019

Certifies that amendments to the Bye-laws of the Society, registered under the Jharkhand and Orissa Co-operative Societies Act, 1935, have been registered under Section 25 of the said Act, bearing certificate number 01/T/2019 dated 24.12.2019. The copy of the Bye-laws deposited with the office has been amended accordingly under Section 6. — District Co-operative Officer, Ranchi.

The Services Housing Cooperative Society Ltd., Ashoknagar, Ranchi is registered as a Co-operative Society under the Bihar Co-operative Society Act (VI of 1935), hereinafter referred to as "the Society". Its registered address shall be at Ashoknagar, P.O. Ashoknagar, P.S. Argora, in the District of Ranchi. In the event of any change in address, notice of the same shall be given to the Registrar, Co-operative Societies, Jharkhand; the financing Bank, if any; the Jharkhand Co-operative Federation Ltd., Ranchi; the members of the Society; and its creditors, within 30 days of such change.

Area of Operation: The area of operation shall be confined to the area of Ranchi Municipal Corporation and its agglomeration.

The objects of the Society shall be:

(a) To buy or acquire land by purchase, mortgage, lease, exchange, gift or otherwise. (b) To lay out land to suit the requirement of the Society in the shape of roads, parks, playgrounds, schools, hospitals, waterworks, markets, post office, clubs, library, community hall and other social amenities. (c) To lay out land as house sites for residential facilities and such other benefits for members. (d) To construct, or cause to be constructed, buildings or other works of common utility to the Society. (e) To build, or cause to be built, residential houses or other buildings for members, and to facilitate them with sanitary, electrical and water connections, etc.

(f) To hold, sell, mortgage, lease out on hire or hire-purchase, or otherwise dispose of land, houses, house-sites, buildings and other property as may be necessary for carrying out the objectives of the Society. (g) To establish and maintain social, recreational, educational, public health or medical institutions, consumer co-operative stores, etc., for the benefit of members. (h) To raise funds required for the business of the Society. (i) To repair, alter or otherwise deal with the buildings of the Society. (j) To lease, sublease, surrender, accept surrender of land, and deal with land of any tenure.

(k) To do all things necessary and expedient for the accomplishment of the aforesaid objectives, and for the comfort, convenience, welfare and economic interest of members in general. (l) To assist members in constructing houses according to plans approved by the appropriate authority. (m) To advance loans to members for construction of houses, and to help members obtain loans from Government or other financing institutions/organisations with the permission of the Society.

(1) Eligibility. Membership shall be open to persons above 18 years of age who are: (a) in the service of the Jharkhand State Government; (b) belonging to All India Services allotted to the Jharkhand State cadre; (c) retired Government servants of Jharkhand State; (d) retired Government servants of All India Services in the Jharkhand State cadre; or (e) Government servants of Central Service (Group-A) — and who want a house in Ashoknagar or its extended area, provided they do not already have a house within the Society's area of operation, and who apply for registration.

(2) Membership after death of a member can be given to family member(s) on the basis of: (a) nomination; (b) actual verification and certification by two members of the Society; or (c) a succession certificate from a court of law. Where there is joint nomination, membership is given to the "Karta" who alone holds voting rights, while the others become "Associate members" with equal rights over the land/building but no vote. The Society normally deals with the Karta member for all matters, including realisation of dues, except where the Karta reports non-cooperation by associate members, in which case the Society may deal with individuals directly.

(3) Disqualification. A person is not eligible for membership if he/she: (a) is under 18 years of age; (b) is a paid employee of the Society or an affiliated society; (c) is of unsound mind; (d) has been adjudged bankrupt or insolvent by a competent court; or (e) has been sentenced for an offence involving moral delinquency, unless more than 5 years have elapsed since expiry of the sentence.

(4) A person who ceases to be a member — whether by transfer to an eligible person, transfer of share with land/building to a family member, or termination of membership — shall not be entitled to re-admission or re-allotment, whether the plot was acquired by surrender or family transfer.

Application process. Applications for admission and allotment of shares are made to the Hony. Secretary in the prescribed form and disposed of by the Board of Directors within 60 days, who may grant or refuse admission with reasons. A refused applicant may appeal to the Chairman within 30 days, who places the matter before the General Body; if rejected, the applicant may approach the Registrar, whose decision is final. No person can claim admission as a matter of right, and mere membership confers no claim to allotment of a plot or house. No person who is already a member of another Cooperative Housing Society, or who holds land/house in their own name or in the name of spouse or minor children within the Society's area, shall be admitted. Every applicant other than a family member must pay an application fee of Rs. 10,000/- along with the application.

(i) A member may nominate spouse, son(s), daughter(s), father, mother, own sister(s)/brother(s), own daughter-in-law(s) and grandchildren, or any legal heir decided by a competent court. Where none of these relations is available, a close relation may be nominated with the Board's satisfaction, and the Board's reasons must be recorded. Nomination is filed in the prescribed pro-forma in duplicate; the Hony. Secretary issues a receipt. Nomination may be single, joint or successive — for joint nomination, the "KARTA" must be spelt out, or it will not be accepted. The Society disposes of nomination petitions within two months of receipt.

A member cannot nominate a daughter-in-law if a son is surviving, and cannot nominate grandchildren if a son, daughter-in-law or daughter is surviving.

(ii) Nomination is valid once accepted by the Board of Directors; the nominator may revoke or vary it at any time before that. (iii) Nomination takes effect on the death of the nominator. (iv) The nominee becomes a member only upon admission by the Board. (v) For joint nomination, the spelt-out "KARTA" becomes the member upon admission. Where no Karta is spelt out, or there is a dispute among nominees/successors, they must agree on a Karta within a month, failing which the Board may itself nominate a Karta based on seniority or other considerations; the others become Associate members. The Karta alone has voting rights and can be changed by mutual consent. (vi) A Karta or Associate member may file a nomination for their own share independently, requiring only the signature of two Society members as witnesses.

Share Capital. The authorised share capital of the Society is five crores, made up of 5 lakh shares of Rs. 100/- each.

Shares. (a) Every member pays for 5 shares of Rs. 100/- each. (b) Every member may be further called upon to subscribe additional shares to cover the cost of land, the house allotted, and common amenities with development cost, in instalments as the Board may decide. (d) No member may hold more than 1/5th of the total share capital of the Society.

Every member is given a share certificate signed by the Chairman and Honorary Secretary (or the Hony. Secretary and two other Directors). A duplicate certificate costs Rs. 500/-. The Board may permit a member to withdraw shares held, after deducting dues, provided the member holds no interest as hire-purchaser or lessee, has held the shares for at least one year, and has given six months' notice.

(a) No member may transfer their share without the Society's written permission. (b) A member may, however, transfer their share and land (with or without building) during their lifetime to father, mother, spouse, own brother(s)/sister(s), son(s), daughter(s), own daughter-in-law(s) and grandchildren, or a legal heir decided by a court. Where transferred to more than one person, one must be declared "Karta" and the rest "Associate members"; the Karta can be changed by mutual consent, and any dispute is decided by the Board. There shall be no transfer through sale, and the Building Bye-laws (prohibiting subdivision of a plot) must not be violated.

A member cannot transfer to a daughter-in-law if a son is surviving, nor to grandchildren if a son, daughter-in-law or daughter is surviving.

(c) A transfer is not operative unless sanctioned by the Board of Directors. (d) A Government servant who took a plot after surrender pays a transfer fee of Rs. 75,000/-. For family transfers (other than spouse, son(s), daughter(s), daughter-in-law(s), grandchildren), the transferee pays Rs. 5,000/- on first transfer and Rs. 10,000/- on subsequent transfers; for spouse, son(s), daughter(s), daughter-in-law(s) and grandchildren, only Rs. 51/- is payable. A member may also transfer their share to any eligible person by way of surrender, and the person taking the share after surrender becomes an Associate member.

On death of a member: the Board may transfer the member's share and interest to the nominated person(s); in the absence of nomination, to the person(s) holding a succession certificate or appearing to be the legal heir (confined to wife, husband, son(s) and daughter(s)) on full verification and certification by two Society members. If family members do not produce proper documents within 3 years of the member's death, the Society may resume the plot after that period.

Default in Payment. If a member fails to pay an instalment towards additional shares by the due date, the Board may forfeit paid-up shares not exceeding Rs. 150/-. Forfeited shares may be renewed within six months of the forfeiture notice, on payment of arrears plus a renewal fee of Rs. 50/- per share. The forfeited amount is credited to the Reserve Fund.

Liability. (a) A member's liability for Society debts is limited to twice the face value of their shares. (b)(i) A past member remains liable for debts existing on the date they ceased to be a member, for two years after that date. (ii) The estate of a deceased member remains similarly liable for two years after death.

Fund. The Society may raise funds from: share subscription; loans from Government or other sources; issue of debentures (with Registrar's approval); deposits from members; donations; entrance and other fees; contributions towards maintenance of roads, water supply, lighting and sanitation; subscriptions towards social, medical, recreational and educational institutions; and grants.

Borrowing. The Society may borrow required funds from Government and other sources with the Registrar's approval, on terms the Board decides, and may accept member deposits. Where loans are taken for members, the site and any building remain mortgaged to the lending agency until the loan is fully repaid; the Society's dues are the first charge on the land and building. Total borrowing (deposits or otherwise) shall not at any time exceed ten times the Society's paid-up share capital and reserves.

Subject to the General Body's decisions, executive management of the Society's affairs vests in the Board of Directors, which consists of eleven members — the Chairman, Vice-Chairman, Hony. Secretary, Joint Secretary and seven Directors — elected by the General Body as per the Act and Rules. An interim vacancy may be filled by co-option by the remaining Board members. The General Body may remove any Board member at any time and elect another for the unexpired term. A Board member may resign by letter to the Hony. Secretary, effective from acceptance by the Board. The Board may appoint sub-committees as necessary.

The Board meets every two months, or as often as necessary. Quorum is five members; matters are decided by majority vote, with the Chairman holding a casting vote in case of a tie. A member with a personal interest in a matter must not be present during its discussion. In urgency, the Hony. Secretary may obtain Board decisions by circulation, subject to ratification at the next meeting. If an elected Board member is absent from four consecutive meetings without acceptable justification, they cease to be a Board member.

Powers of office-bearers: the Chairman has general control over the Society's affairs. The Vice-Chairman exercises the Chairman's powers in their absence (when delegated in writing) and presides over Board meetings when the Chairman is absent. The Hony. Secretary, subject to the Chairman's overall control, has general control over the Society's affairs within the Bye-laws and Board/General Body decisions, and arranges for safe custody of cash and property. Documents creating a charge or obligation on the Society must be signed by the Chairman or Vice-Chairman and the Hony. Secretary, or by any three Board members including the Hony. Secretary. Cheques and pay orders are signed by the Chairman/Vice-Chairman and Secretary, or the Secretary and two authorised Board members; if the Secretary is away for more than 15 days, the Chairman/Vice-Chairman and two authorised Board members sign instead.

Disqualification of Board members: a person is ineligible for election if they are a paid employee of the Society (or a near relation of one), or are in default on any loan or other dues to the Society. A Board member ceases to hold office if they become a paid employee (or near relation of one), default on a loan for more than three months, or become directly or indirectly interested in any Society contract, sale, purchase or transaction involving financial interest. No Board member, officer or staff may have such an interest, nor purchase any property of a member brought to sale for recovery of dues.

Receipts must be issued for all money paid to the Society, signed by the Secretary or an authorised employee. For borrowings from non-members, other societies, Government or financing agencies, the receipt or bond is executed by at least three Board members: the Chairman or Vice-Chairman, the Secretary, and one other member. The Board maintains accounts and registers as prescribed by the Registrar, places audit/inspection notes before a General Meeting within four months, and conducts all other Society business. Expenditure is incurred within the budget sanctioned by the General Body, with re-appropriation across sub-heads limited to 25%, never exceeding the total sanctioned amount. Recruitment, service conditions and pay scales of paid staff are governed by rules framed by the Board and approved by the General Body and the Registrar. No paid officer or servant is appointed without furnishing prescribed security.

The ultimate authority in all matters relating to the Society's administration is the General Body of members, which maintains general supervision over the Society's business and the Board's acts. General Meetings are of three kinds: (a) Ordinary, (b) Extraordinary, and (c) Special.

(a) Ordinary General Body Meeting is convened at least once a year, within four months of the close of the financial year. If the audited Balance Sheet is not ready by the date fixed, all business except disposal of profits is transacted; profit disposal and the audit report may then be considered at an Extraordinary Meeting or the next Annual Meeting.

(b) Extraordinary General Meeting may be called at any time by the Board, or on a requisition signed by one-third of members on the roll, within one month of such requisition.

(c) Special General Body Meeting is called on the requisition of the Registrar, Co-operative Societies (or an officer authorised by them). The Secretary must convene it within 21 days of the requisition, failing which the Registrar or authorised person may summon it directly after a fortnight's notice.

The Board maintains an up-to-date list of members qualified to vote, updated at least a fortnight before each General Meeting. The Hony. Secretary supplies copies to members on request, on payment of a prescribed fee. No member may be admitted during the fortnight preceding a General Meeting.

The Chairman presides at General Body meetings; in their absence, the Vice-Chairman; in the absence of both, members present choose someone to preside. Every member present has one vote; proxy voting is not allowed. Matters are decided by majority; the Chairman of the meeting has a casting vote in case of a tie.

Notice of a General Meeting — place, date, hour and business, with the Agenda and Annual Report — must be given to all members at least fourteen clear days beforehand, and also published in newspapers. Quorum for a General Meeting is thirty members or one-fourth of total members, whichever is less. If quorum is not met within an hour, an Extraordinary Meeting is dissolved; an Ordinary or Special Meeting is postponed to a date 7–21 days later, at which, if quorum is still not met, resolutions may be carried by a majority of three-fourths of members present (except at an Ordinary Meeting, where a simple majority of those present suffices). The Chairman may adjourn a meeting with members' consent, but only unfinished business is taken up at the adjourned meeting.

Functions of the General Meeting include: receiving and considering the Board's annual report; considering and adopting audited accounts and disposing of profits; electing Board members; electing an internal auditor (if necessary) and fixing remuneration; sanctioning the annual budget and approving the previous year's re-appropriation statement; considering amendments or repeal of existing Bye-laws; hearing appeals against Board decisions; fixing the maximum annual borrowing limit; and transacting any other business brought up.

Expulsion. If a member is guilty of deceiving the Society, or their conduct warrants removal in the Society's interest, the General Body may expel them, after the Board obtains their explanation and places it before the General Body with comments. A removed member is paid all money due after deducting Society dues, but share capital is refunded only once an eligible replacement member purchases the shares. An appeal against a Board order under this clause lies to the General Body, and finally to the Registrar, whose decision is final.

Investment of Funds. Funds not presently required may be invested in: Post Office Savings Banks; securities specified in Section 20 of the Indian Trust Act, 1882; shares of, or securities of, a registered society (with Registrar's approval); or a nationalised bank (Registrar's approval needed for other banks).

Purchase of Land. Subject to General Body resolutions, the Board has full power to purchase, hold, sell, exchange, mortgage, rent, lease, sub-lease, surrender and accept surrenders of land or houses, and to construct houses — including buying land from or through Government, rendering it fit for habitation, laying out streets and roads, parcelling land into house sites, selling or leasing sites, and providing facilities like water supply, drainage, lighting, community hall and library.

On acquired land, the Board may construct standard types of buildings, or other types at a member's request subject to plan approval and the member paying additional cost. Once sites are laid out, the Board allows member selection of sites; where two or more members want the same site, the Board decides by its own choice or by lot, and the decision is final except by mutual arrangement. No member may hold more than one plot. The Board may fix different prices by plot size and location. A member constructing their own house must submit a building plan per the Society's Building Bye-laws, finally approved by the General Body; all new construction requires approval of the competent Government authority.

Allotment of House. At admission, every member specifies the class of house they propose to acquire by hire-purchase, and executes an agreement accordingly. Once houses are constructed and ready, they are valued and the value recorded against the member. For unregistered plots, the land remains Society property until all dues are paid, after which it is registered in the member's name; surrender to anyone other than an eligible member requires Board sanction and payment of the requisite fee.

Hire-Purchase terms: the member pays the assessed cost plus interest at 10% (as fixed by the Society from time to time) in monthly instalments over not more than 20 years; ownership remains with the Society until the full amount is paid. Default of three consecutive instalments allows the Society to cancel the agreement, evict the member, and resettle the property, refunding only the principal portion paid, less a percentage for incidental expenses. On a member's death, permanent incapacity or cessation of membership, legal heirs are liable for dues, failing which the property is taken over. The member pays nominal rent until the property is transferred; a sale deed is executed once dues are cleared, and owners must hold a minimum of one share thereafter. A defaulting member who rescinds or breaches the hire-purchase contract may be evicted without refund of instalments paid, though the Board may at its discretion refund an equitable amount. No member may assign, sublet or part with possession without Board permission; when selling or transferring, the first offer goes to the Society. Arrears exceeding six months make a member liable for eviction.

The Board may levy annual or periodical fees for ordinary and special repairs of Society-owned houses, and may arrange social, medical or recreational facilities for members with General Body approval, levying subscriptions at prescribed rates.

Statutory audit is conducted per the Bihar Co-operative Societies Act (VI of 1935) and its Rules. The Society's accounts may additionally be audited by auditors appointed at the Annual General Meeting. Accounts close on 31st March each year. After statutory audit, net profit is disposed of at the General Meeting as follows: (a) 35% to the Reserve Fund; (b) up to 10% to the Bad and Doubtful Debt Fund; (c) a dividend not exceeding 10% (or the prevailing bank rate, whichever is more) on paid-up shares may be declared; (e) declared rebates are not paid in cash while dues are outstanding, but credited to the member's hire-purchase account; (f) a bonus not exceeding one month's salary may be paid to employees; (g) the balance, if any, is carried over.

Reserve Fund consists of: (a) 35% of net profit allocated annually under the Act; (b) any other sum allocated from profit or otherwise; (c) entrance fees (after deducting preliminary expenses, for the first three years of registration); (d) the value of forfeited shares. The Reserve Fund belongs to the Society and is not divisible among members. It may be used to cover losses from unforeseen circumstances, meet calls that cannot otherwise be met, or serve as security for loans — with amounts drawn to be reimbursed as soon as possible. On dissolution of the Society, the Reserve Fund is applied to purposes determined by a majority of members at a special meeting, with the Registrar's approval.

Alteration of Bye-laws. No Bye-law may be made, altered or abrogated unless: (a) the proposal has been communicated to members at least ten days before the General Meeting; (b) the resolution is passed by not less than two-thirds of members present and voting; and (c) the alteration or abrogation is approved and registered by the Registrar, Co-operative Societies.

Miscellaneous. The Society has a charge on the paid-up share capital, deposits and any other money credited to a member (past or deceased) in respect of any debt due to the Society. Money paid by a defaulting member is appropriated first to fees/fines/charges, then to interest, then to hire-purchase instalments. A copy of the Bihar Co-operative Societies Act, its Rules and the Society's Bye-laws is kept open for inspection, free of charge, at the registered address during reasonable hours. Any doubt on construction of the Act or Bye-laws is referred to the Registrar, whose decision is final. The Society has a common seal kept in the Hony. Secretary's custody, and is affiliated to the Jharkhand Co-operative Federation, Ranchi. The Society may be wound up with the Registrar's approval if three-fourths of members present at a specially convened General Meeting vote for it, per the Act and Rules.

No member may give their plot (with or without building) on lease, power of attorney or any instrument as a cover for sale to anyone. A member may put their building on rent under a lease agreement, with permission from the Hony. Secretary — subject to: (1) at least 50% of the constructed area remaining under residential use; (2) areas rented for non-residential use being liable to a higher maintenance charge; (3) professional use by the member themself (doctor, lawyer, teacher, chartered accountant, consultancy, etc.) not involving more than a room or two not being treated as non-residential use.

The following non-residential uses are presently treated as prohibited: (a) hotels, bars, restaurants, marriage and banqueting halls; (b) shops and marketing complexes; (c) coaching institutes; (d) dairies, hatcheries, etc.; (e) private guest houses for the general public; (f) warehouses; (g) hospitals with beds in more than one or two rooms — though, as a utility service, a hospital run by a member themself as a doctor, facing the main road outside the Society, may be allowed subject to conditions laid down by the Board.

If a member violates the Bye-laws (including the Building Bye-laws), the Society may terminate their membership and cancel the allotment of the plot, resuming the plot with any constructions on it. The Society may frame its own rules for the municipal administration of the colony. All matters not specifically provided for shall be decided according to the Bihar Co-operative Societies Act (VI of 1935) and the Rules framed thereunder.