THE PUNJAB INSTITUTE — The punjab co-operative societies act 1961

## Page 1 BYE-LAWS OF THE PUNJAB INSTITUTE OF COOPERATIVE TRAINING LTD., CHANDIGARH ## Page 2 BYE-LAWS OF THE PUNJAB INSTITUTE OF COOPERATIVE TRAINING LTD., CHANDIGARH NAME, ADDRESS AND AREA OF OPERATION The Society shall be called the Punjab Institute of Cooperative Training Limited. It shall be 1. referred to hereinafter as PICT. The headquarter of the PICT shall be S.A.S Nagar (Mohali) at Chandigarh or a place decided by 2. the Governing Board subject to the prior approval of the Registrar. The area of operation of the PICT shall extend to the whole of the state of Punjab. 3. DEFINITIONS In these bye-laws unless the context otherwise required:- 4. "Act" means The Punjab Cooperative Societies Act.1961 as amended from time to time. i. "Rules" means The Punjab Cooperative Societies Rules. 1963 as amended from time to time. ii. "PICT" means The Punjab Institute of Cooperative Training Limited. iii. "Bye-Laws" means the registered bye-laws of the PICT. iv. "Board" means the Governing Board of the PICT. V. "Government" means the Government of State of Punjab. vi. "Registrar" means the Registrar Cooperative Societies, Punjab, Chandigarh. vii. viii. "Managing Director" means the Managing Director of the PICT, appointed/posted by the Government. ## Page 3 OBJECTS The objects of the PICT shall be as follows:- 5. To facilitate the operations of member cooperative Societies for furtherance of their economic i. objects. To act as Premier Institute of cooperative Training, research and consultancy and work as ii. intellectual nerve centre for cooperative Movement. To conduct training programmes for Officers of the Cooperative Department, employees and iii. Directors of Apex and Central Cooperative Institutions and acquaint them with modern Scientific management concepts, methods a