Membership Deed

Every cooperative needs to define the terms of its membership. As coopon members agreed to be an LLP - Limited Liability by Partnership operating on cooperative principles, it requires a Partnership Deed.

LLP Deed Template - https://www.indiafilings.com/learn/wp-content/uploads/2015/04/LLP-Agreement.pdf

LLP Information from ICAI - https://resource.cdn.icai.org/46646bosfnd-p2-seca-cp4.pdf

Nilenso Cooperative Agreement - https://github.com/nilenso/cooperative-agreement

* NYD = Not Yet Discussed

* NYF = Not Yet Finalised

The Firm

Registered Address	For now: Prasanna's Home Address
Official Name	Coopon SciTech LLP
Main business & areas of operation	To design, develop, research, purchase, take on hire, import, export, sell, assemble, host, manufacture, test and distribute all types of hardware, software, electronic devices and electronics with embedded software. To render services such as consultancy, support and training and all other allied activities for services mentioned above for Indian and overseas individuals or firms.
Powers of the firm to participate in business	Nilenso Deed
Intellectual property of the firm	To be linked with FSHM after meeting Executive Committee of FSHM *(NYF)*

Relationship between Members

Profit sharing percentage	None
Loss sharing percentage	None
Salary to partners	Equal sharing with contributors of the project
Min. Capital contributed by each member	Rs. 1024/-
Procedure to admit a new member	Unanimous vote required, member, should not work / business anywhere else
Procedure after leaving the firm	1 month notice to leave the firm, all property & access removed, no dues, all IP owned by firm
Designated Partners	For now: Mr.Ganesh, Mr.Kamalavelan

Rights & Powers of Members

Right to participate in everyday management	Yes (whenever contributable)
Right to inspect accounts (granted by LLP Act)	Yes
Terms to call meeting & its terms	Based on Priority or Regular Schedules
Terms to take on a new project (Should this be in the deed?)	Not necessarily - more of discussion & arbitrary
Who should have direct access to coopon's funds	Designated Partners have full access by law, beyond DPs who should be authorized signatories?
Who should have direct access to coopon's infrastructure (git repos, servers, office)	Project & Roles (server admin etc) based access

Rules for admission of a new member

Eligibility	Skill, Cooperative Knowledge, People from Scientific Community Schools
Min. required votes	75% ?

Special

* Everything in the deed can be superseded on a meeting-to-meeting basis if the vote is unanimous

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