Code of Conduct

1. GENERAL CONDUCT

All members of the Akshat Credit Co Operative Society Limited , including the Board of Directors, Advisors to the Board CEO, COO, Employees and other key stakeholders, shall conduct themselves in a manner that is professional, respectful, honest, and transparent. They shall comply with all laws and regulations governing cooperative societies, including the Multi State Cooperative Societies Act.

2. CONFIDENTIALITY

All members of the Akshat Credit Co Operative Society Limited shall keep all confidential information of the society and its members confidential. They shall not disclose any confidential information to any third party, unless required by law.

3. CONFLICT OF INTEREST

All members of the Akshat Credit Co Operative Society Limited shall avoid any conflict of interest that may arise between their personal interests and those of the society or its members. They shall not use their position in the society for personal gain.

4. NON-DISCRIMINATION

All members of the Akshat Credit Co Operative Society Limited shall not discriminate against any member or employee of the society based on their race, color, religion, gender, age, national origin, disability, or any other protected characteristic.

5. FAIRNESS

• All members of the Akshat Credit Co Operative Society Limited shall treat all members and employees of the society fairly and impartially.
• They shall not use their position in the society to discriminate against any member or employee.

6. TRANSPARENCY

• All members of the Akshat Credit Co Operative Society Limited shall ensure that all financial transactions of the society are transparent and accurate.
• The amount of annual dues will be determined by the Board of Directors and may be amended from time to time.
• Members who do not pay their annual dues within 90 days of the due date may have their membership terminated after the Board has decided so.

7. COMPLIANCE

• All members of the Akshat Credit Co Operative Society Limited shall comply with all laws and regulations governing cooperative societies.
• They shall ensure that all activities of the society are conducted in a lawful manner.

8. RESPONSIBILITY

• All members of the Akshat Credit Co Operative Society Limited shall take responsibility for their actions and decisions.
• They shall be accountable to the society and its members for any actions or decisions that may affect the society or its members.

9. ETHICAL CONDUCT

• All members of the Akshat Credit Co Operative Society Limited shall conduct themselves in an ethical manner.
• All members of the Akshat Credit Co Operative Society Limited shall conduct themselves in an ethical manner.

10. PROFESSIONAL DEVELOPMENT

• All members of the Akshat Credit Co Operative Society Limited shall strive to improve their knowledge, skills, and abilities.
• They shall participate in professional development activities that will enhance their effectiveness in serving the society and its members.

11. BOARD OF DIRECTORS

• The Board of Directors of Akshat Credit Co Operative Society Limited shall exercise their duties in accordance with the Multi State Cooperative Societies Act.
• They shall act in the best interests of the society and its members, and avoid any conflicts of interest.

12. CEO , COO AND KEY STAKEHOLDERS

• The CEO, COO and other key stakeholders of Akshat Credit Co Operative Society Limited shall act in accordance with the policies and guidelines established by the Board of Directors
• They shall act in the best interests of the society and its members, and avoid any conflicts of interest.

13. ANNUAL GENERAL MEETING

• Akshat Credit Co Operative Society Limited shall hold an Annual General Meeting in accordance with the Multi State Cooperative Societies Act.
• All members shall be provided with notice of the meeting and the agenda, and shall have the opportunity to participate and vote.

14. COMPLAINTS AND GRIEVANCES

• Any member who has a complaint or grievance related to the conduct of any member of the society, including the Board of Directors and CEO, may submit a written complaint to the society's Grievance Redressal Committee.
• The Committee shall investigate the complaint and take appropriate action in accordance with the society's policies and procedures.

15. DISCIPLINARY ACTION

• Any member of Akshat Credit Co Operative Society Limited who violates the Code of Conduct shall be subject to disciplinary action, which may include termination of membership or legal action, as appropriate.

16. RECORD-KEEPING

• Akshat Credit Co Operative Society Limited shall maintain records of all meetings, decisions, and actions taken by the society and its members.
• These records shall be maintained in accordance with the Act and other relevant laws and regulations.

17. REPORTING REQUIREMENTS

• Akshat Credit Co Operative Society Limited shall comply with all reporting requirements set forth in the Act and other relevant laws and regulations.
• The society shall submit annual reports to the Registrar of Cooperative Societies, as well as any other reports required by law.

18. DISPUTE RESOLUTION

• Any disputes related to the conduct of Akshat Credit Co Operative Society Limited or its members shall be resolved through mediation or other alternative dispute resolution methods, as appropriate.
• If mediation is not successful, the dispute may be referred to the Registrar of Cooperative Societies for resolution in accordance with the Act and other relevant laws and regulations which is arbitration as per the bye law specifications of Akshat Credit Co Operative Society Limited.

19. CODE OF CONDUCT REVIEW

• The Code of Conduct for Akshat Credit Co Operative Society Limited shall be reviewed periodically by the Board of Directors to ensure that it remains relevant and effective.
• Any necessary updates or revisions shall be made in accordance with the Act and other relevant laws and regulations.
• This Code of Conduct for Akshat Credit Co Operative Society Limited is designed to promote ethical conduct, transparency, and accountability among all members of the society, including the Board of Directors, CEO, COO and other key stakeholders.
• Any specific policy or byelaws in addition to these general guidelines, if any shall be read along with this code of Conduct.
• By adhering to these guidelines, the society can ensure that it remains compliant with the Multi State Cooperative Societies Act and other relevant laws and regulations, while promoting the savings and availability of credit among its member.