Registered Office: Ajay Niwas, Gulab Bag, Karauli, Rajasthan Secretary: +91 99280 54064
Deposits & loans for members only · A registered co-operative society, not a bank
Leadership & Accountability

Board & Governance

The Society is governed by its members through the General Body and an elected Board of Directors, under the Rajasthan Co-operative Societies Act, 2001 and the registered bye-laws.

Board of Directors

Elected Office Bearers

Managing Committee list dated 06 September 2024, issued by the Election Officer. The Board serves a term of 5 years.

Shri Badri Lal

President

Elected Office Bearer

Smt. Vindo Bai

Vice-President

Elected Office Bearer

Shri Kulwant

Treasurer

Elected Office Bearer

Directors

Shri Narendra Singh

Director

Elected Member, Managing Committee

Shri Nagendra Singh

Director

Elected Member, Managing Committee

Smt. Rajni Jadaun

Director

Elected Member, Managing Committee

Shri Shyam Singh

Director

Elected Member, Managing Committee

Shri Sachin Harijan

Director

Elected Member, Managing Committee

Shri Ashindra Singh

Director

Elected Member, Managing Committee

Shri Avdhesh Saraswat

Director

Elected Member, Managing Committee

Shri Aniruddh Singh Jadaun

Director

Elected Member, Managing Committee

Source: Annexure-9, Office of the Election Officer, Jumbo Credit & Thrift Co-operative Society Ltd., Karauli — list of the elected Managing Committee dated 06-09-2024. Names are transliterated from the Hindi original.

Management

Secretary & Management Contact

Day-to-day correspondence with the Society may be addressed to the Secretary at the registered office.

Secretary

Shri Ved Prakash Singh

Secretary, Jumbo Credit & Thrift Co-operative Society Ltd.

Call Secretary
Governance Framework

How the Society Is Governed

Provisions of the registered bye-laws that define authority, accountability and control.

General Body — the final authority

Subject to the Act, Rules and bye-laws, the final authority vests in the General Body of members. It approves the annual programme, accounts and audit report, distributes profits, amends bye-laws by two-thirds majority (with the Registrar's approval) and hears appeals against Board decisions.

Bye-laws 10.1–10.3

Annual General Meeting

Held every year within six months of the financial-year end with fifteen days' notice; quorum is one-fifth of members. A Special General Meeting can be called by the Board or on the demand of one-fifth of members.

Bye-laws 10.3, 10.4, 11

Elections

The Board of twelve is elected by the General Body for five years, with one seat each reserved for Scheduled Castes and Scheduled Tribes and two for women. Elections are conducted by the Rajasthan State Co-operative Election Authority.

Bye-laws 14.1, 14.2

Board of Directors

Meets at least once every three months with seven days' notice; quorum is more than half. It admits members, appoints the Chief Executive, frames policies, sanctions loans, manages funds and prepares the budget and annual report.

Bye-laws 14.3, 14.8, 14.11

Conduct and accountability

Directors and staff must act honestly and with prudence, must not vote on matters of personal interest, and are personally liable for loss caused by misuse of funds, breach of trust or negligence. A loan defaulter cannot serve on the Board.

Bye-laws 14.4–14.7, 14.13

Office bearers and Chief Executive

The President presides and supervises; the Vice-President acts in the President's absence; the Secretary and Treasurer are elected office bearers; the Chief Executive, appointed by the Board, maintains accounts and records and ensures compliance.

Bye-laws 15–17

Accounts, returns and audit

Statutory registers are maintained; annual returns are filed with the Registrar within six months of year-end; accounts are audited under Section 54 by a departmental auditor or an approved chartered accountant.

Bye-laws 21, 22

Distribution of profits

At least 25% of profit goes to the reserve fund and 1% to the co-operative education fund. Dividend on shares is capped at 10%; contributions to a bad-debt fund and to charitable or co-operative purposes are limited by the bye-laws.

Bye-law 20

Supervision by the Registrar

The Registrar may inquire into the constitution, working and financial condition of the Society, and provisions of the Act and Rules apply to any matter not covered by the bye-laws.

Bye-laws 23.4, 23.5
Governance. Transparency. Responsibility.

Our Commitments to Members

What members can expect from the Society, as written in its constitution.

Open information

The bye-laws direct the Society to computerise its records and to publish all statutory information on its website. This website is built to carry those disclosures.

Bye-law 23.7

Confidentiality

Account information is kept confidential; staff may not disclose a depositor's details to any other person.

Scheme rules (Savings Account)

No government control

The Society is member-owned. It does not present itself as controlled or operated by the Government, and it is not a bank.

Bye-law 18.6
Official Documents