Karnataka State Souharda Federal Cooperative Ltd, is the first Apex Body of New generation cooperatives in India. Souharda Federal Cooperative is a democratically elected self-regulatory organization of the cooperatives registered under Karnataka Souharda Sahakari Act, 1997.
Members : All the cooperatives registered under the Act are the members of Federal cooperative. The membership to Federal cooperative is mandatory.
The apex body of the organization is the general body consisting of representatives of member cooperatives. The General Body meets once in a year. If any urgent matters arises special General Body may be convened.
Board of Directors : Each revenue district will have one representation in the Board. The Board of Directors will be elected from the members. The board will meet six times in a year. It is the policy making body of the cooperative and its term is five cooperative years.
President and Vice president : The board of directors will elect the President and Vice President The objective of the organization is not to control the members but to act as friend, philosopher and guide to the members in discharge of their fiduciary functions. Being the first of its kind in the country, the Federal Cooperative is striving to set standards for such organizations and hence welcomes all suggestions to help it become a role model.
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