STUDY OF THE ACTIVITIES OF I.C.A.
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STUDY OF THE ACTIVITIES OF I.C.A.
Chapter 1: Introduction
INTERNATIONAL COOPERATIVE ALLIANCE REGIONAL OFFICE FOR ASIA AND THE PACIFIC.
This chapter examines the origins of today’s cooperatives.
Principles. The International Co-operative Alliance (ICA) was founded in 1895 in London, England. The ICA roap is the regional office for Acia and the Pacific of the International Co-operative Alliance (ICA), the world’s largest cooperative organisation, with headquarters in Geneva and a founding in London on August 13, 1895.
I C A is a membership-based organisation having national and worldwide cooperative organisations in more than 102 countries. It serves approximately 241 member organisations, including five international organisations, and represents well over 780 million individual members worldwide.
The company has five regional offices, including one in Asia and the Pacific, in addition to its headquarters in Geneva, Switzerland.
b) Regional office for East Central and Southern Africa.
c) Regional office for West Africa.
d) Office for Central America and the Caribbean.
e) A regional office for Europe.
The I C A has category 1 consultative status with the United Nations Economic and Social Council (UNECOSOC) and maintains strong working relationships with the UN and other international organisations.
The I C A Regional for Asia and the Pacific (ICA ROAP) is also based in New Delhi, India, and serves 54 national-level organisations from 22 countries, as well as one international organisation, the Asian Confederation of Credit Unions (ACCU), which represents over 48 million individual co-operative members in the Asia-Pacific region.
It is the top body responsible for cooperative development. Over time, I C A became aware of the limitations of the Rochadale cooperative ideas.
Many causes led to I C A reviewing the Rochdale principles. Over the years, all co-operatives around the world have followed these principles in order to be recognised as such. With the passage of time, practitioners realised that the Rochdale principles were woefully inadequate for all forms of cooperatives.
This could have happened for a variety of reasons. The Rochdale principles were limited to consumer commerce and did not apply to other forms of co-operatives, such as lending, marketing, or farming.
ii) The Rochdale principles were more than just concepts; they also included specific trading practices that were not conventional principles. For example, cash dealing at market prices and the sale of clean and unadulterated items were trade practices that might be applied to other corporate organisations.
iii) Some of the concepts of Rochdales, as we previously mentioned, were a mixture of owenites, chartists, and Christian socialists, which in reality were not cooperative in character, and lastly
iv) Some environmental influences made their way into the principles. For example, the pre-Rochdale co-operatives’ failure led to the incorporation of the cash sell at market price premise. Credit salts are currently popular in the corporate sphere. In advanced societies, the use of credit cards outweighs the use of cash.
As a result, new trends in cooperative principles, also known as International Co-operative Alliance principles, have been introduced. The International Cooperative Alliance established its own principles of cooperation in 1966 and has periodically updated them since then.
The statement on co-operative identity was accepted at the 1995 General Assembly of the International Co-operative Alliance, held in Manchester to commemorate the Alliance’s centenary.
International Cooperative Alliance (I C A)
Meaning: This is the highest cooperative body in the wild. It is both an international and a non-governmental organisation whose mission is to unite, represent, and serve cooperatives around the world.
1.2 Background of the Study
According to Dr. Onuoha (1986), the history of listing cooperative ideals is divided into two significant phases. The first period spans from 1840s to 1960s.
During this time, co-operators all over the world only knew what they recognised as Rochdale principles and accepted them as co-operative “commandments”. Since the Rochdale principles led to the pioneers’ success, they must be followed.
This chapter focuses on the emergence of modern cooperative principles. The International Co-operative Alliance (I C A) was founded in 1895 in London, England. It is the top body responsible for cooperative development. Over time, I C A became aware of the limitations of the Rochdale cooperative ideas.
These principles were widely accepted as the co-operative Alliance until 1966, when the International Co-operative Alliance, during a congress in Vienna, Austria, first questioned their validity.
The International Co-operative Alliance established its own co-operative principles in 1966 and has periodically updated them since then.
1.3 PURPOSE OF THE STUDY
We welcome IFRIC Draft Interpretation D8 on Members’ Shares in Cooperative Entities.
We agree with this interpretation as an interim method. However, the ultimate interpretation should be constructed in such a way that it is consistent with the nature, purpose, and ideals of the cooperative company.
While developing the final interpretation, we recommend keeping the following subjective factors in mind:
a) Unlike investor-oriented firms, members own her co-operatives, and members are encouraged to use co-operative services.
b) Members contribute share capital to form a corporate structre that allows them to undertake economic operations cooperatively in order to meet their common economic needs.
d) Members’ share capital is the primary source of capital for their co-operative. It determines the financial strength of a cooperative.
d) Almost all Asian-Pacific countries have laws prohibiting cooperative entities from raising funds on the open market. In other words, their equity capital comes only from their members.
e) In the Asia-Pacific area, most nations prohibit members from redeeming share capital donated during the life of a co-operative. However, if a member wishes to resign from a co-operative, the law/bye-laws allow for the transfer of share capital at par to another individual.
f) To advance the global cooperative movement based on mutual self-help and democracy.
g) To promote the political stability of all cooperatives around the world.
h) I C A shall not be affiliated with any political or religious organisation, and shall maintain such independence in all of its operations.
1.4 Statement of the Principles
The International Cooperative Alliance’s statement on the cooperative identity.
The multinational co-operative coalition established its own principles of cooperation in 1966, which it updates on a regular basis. The statement on co-operative identity was accepted at the 1995 General Assembly of the International Co-operative Alliance, held in Manchester to commemorate the Alliance’s Centenary. The statement problem was the result of a lengthy consultation process involving thousands of co-operators from around the world.
1.5 Definition of Terms
A A cooperative is an autonomous association of individuals who have voluntarily joined together to achieve their common economic, social, and cultural needs and ambitions through a jointly owned and democratically run organisation.
The International Co-operative Alliance (I C A) is defined as an umbrella organisation that promotes cooperatives around the world.
The I.C.A. was founded in London on August 23, 1895.
It is an association of National Union of Cooperative Societies that seeks to promote a non-profit system of production and trade organisation that is in the best interests of the entire society and is based on voluntary and mutual aid.
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