THE IMPORTANCE OF STUDYING CO-OPERATIVE LAWS AND RULES AS A QUALIFYING COURSE FOR THE AWARD OF THE ORDINARY NATIONAL DIPLOMA IN CO-OPERATIVE ECONOMICS AND MANAGEMENT.
CHAPTER ONE
1.0 INTRODUCTION
BACKGROUND OF THE STUDY
Co-operative law are those legislative enactment aimed at regulating and directing the activities of Co-operative Societies. It guides the ruling, formation of co-operative enterprises, so that it enables their activities to be stable, effective and efficient for the successful operation of a given co-operative society.
The Co-operative originated in Nigeria in 1935 under the NO. 39 Ordinance, while the rules follows in 1936. Both applied the rules follows in 1936. Both applied to the whole locating, then colony and protectorate of Nigeria. In 1952, the country was divided into 3 regions, North, West and East and co-operative was made a regular subject. Each adapted the 1935 ordinance with necessary amendments. In August, 1977, the then Federal Commissioner for Co-operative and Supply, Alhaji U.A Mutallh, set up a panel to review and unite the Nigeria co-operative society laws and rules with J.T Catlow Idowu as chairman.
It was General J.B Babangida at the face end of Military rule, decided to sign the draft into a decree, the Nigerian Co-operative Societies Decree No. 90 of 1993. Being a federal law which superseded all other laws of co-operative society in Nigeria.
1.1 OBJECTIVE OF STUDY
The motive behind this project is to undertake a study of a critical assessment of the important of studying co-operative laws and rules.
STUDY
– To examine the impact of the co-operative law in every co-operative establishment.
– To examine the law meant for co-operative establishment.
– To know the limit provided by the law that differentiates it from other terms of business.
– To suggest ways and means of enhancement.
– To know that there is provision in the law of co-operative that every registered society must have their bye-laws.
