(a) To provide a forum for discussions and follow up of issues relating to urban cooperative banks and co-operative thrift and credit societies.

(b) To promote and protect interest of member institutions and take up their problems individually and collectively at appropriate forums as well as with the concerned authorities / regulators.

(c) To interact and liaise with Ministries of Union Government, State Governments, Reserve Bank of India, NABARD, Commercial Banks, financial sector institutions, representatives of various bodies of financial, industrial and trading sectors both at national and at international levels.

(d) To promote urban cooperative credit movement in India and to undertake studies /research projects related to the movement.

(e) To organize by itself and / or in collaboration with other bodies, conferences, conventions, workshops, seminars and discussions on banking and financial services, cooperation, management and allied subjects.

(f) To arrange publication of periodicals, news bulletins and journals, to interact with media on behalf of the sector and to exchange information of common interest of member banks and to cooperate with the NCUI, NCCT, ICA, ICBA, CAB, NIBM, NIBSCOM, BIRD, IIB, IBA or any other such national or international organization in the field of education, training and publicity.

(g) To develop and administer by itself or along with other institutions, schemes for mutual benefit of urban cooperative credit institutions, and to take such action or enter into such agreements as may be necessary for furtherance of the objectives.

(h) To develop expertise in the areas of banking, management, technology and offer consultancy services to the member institutions.

(i) To take membership of other national and international institutions.

(j) To undertake all activities and discharge all functions of a Federal Cooperative as envisaged in section 24 of the Multi State Cooperative Societies Act, 2002.

DEFINITION 
The word / words, expressions appearing in these bye-laws shall have the following meaning unless otherwise stated.

(a) 'Federation' means the National Federation of Urban Cooperative Banks & Credit Societies Ltd., (hereinafter called NAFCUB).

(b) 'Urban Cooperative Bank' will have the same meaning as 'Primary Cooperative Bank' defined in section 56 (AACS) of Banking Regulation Act, 1949.

(c) 'Member Society' means either an Urban Cooperative Bank or Urban Credit Thrift Society or any other institution, which is admitted as member under bye-law 6, which is a member of the Federation.

(d) 'Apex Bank of Urban Cooperative Banks' means an Apex Bank of Urban Cooperative Banks having its area of operation of one whole State or more than one State Registered under State Cooperative Societies Act or Multi State Cooperative Societies Act, 1984 or Multi State Cooperative Societies Act, 2002.

(e) 'Federal Cooperative' will have meaning as per section 3(k) of the Multi State Cooperative Societies Act, 2002.

(f) 'Multi State Cooperative Society' will have meaning as per section 3(p) of the Multi State Cooperative Societies Act, 2002.

(g) 'National Cooperative Society' will have meaning as per section 3(r) of the Multi State Cooperative Societies Act, 2002.

(h) "Area of operation" means the area from which institutions are admitted as members of NAFCUB.

(i) "Board" means the board of directors of NAFCUB, to which the direction and control of the management of the affairs is entrusted.

(j) "Bye-laws" means the bye-laws for the time being in force which have been duly registered or deemed to have been registered under this Act and includes amendments thereto which have been duly registered or deemed to have been registered under the Act.

(k) "Central Registrar" means the Central Registrar of Cooperative Societies appointed under sub-section (1) of section 4 and includes any officer empowered to exercise the powers of the Central Registrar under sub-section (2) of that section.

(l) "Chief Executive" means a Chief Executive of NAFCUB, appointed under section 51 of the Act.

(m) "Cooperative Bank" means a multi state cooperative society which undertakes banking business.

(n) "Cooperative Principles" means the cooperative principles specified in the First Schedule.

(o) "Cooperative Society" means a society registered or deemed to be registered under any law relating to cooperative societies for the time being in force in any State.

(p) "Cooperative Year", in relation to any multi state cooperative society or class of such societies, means the year ending on the 31st day of March of the year and where the accounts of such society or class of such societies are, with the previous sanction of the Central Registrar, balanced on any other day, the year ending on such day.

(q) "General Body" a body consisting of all members of NAFCUB, constituted under section 38(1) of the Act.

(r) "General Meeting means a meeting of the general body of NAFCUB and includes special general meeting.

(s) "Notification" means a notification published in the Official Gazette.
(t) "Prescribed" means prescribed by rules.

(u) "Reserve Bank" means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934.

(v) "Rules" means the rules made under the Act.