Particulars, Functions and duties of the Organisations:
(a) The name of the Organisation is Mizoram Apex Handloom and Handicraft Cooperative society Ltd. which is popularly called ‘MAHCO’ in short form. This Organisation was set up in the year 1977 and got registration No.A.4/77-78 dated 5.9.1977 under the provision of Assam Cooperative Societies Act, 1949. The registered address of the Society is Aizawl, P.O. Aizawl in the State of Mizoram.
(b) The area of operation of the society is the whole state of Mizoram.
(c) The aims and objects of the Society is to organise Handloom and powerloom eaving and other Cottage Industries in the state of Mizoram on Cooperative basis and in particulars :-
i) to procure raw-materials such as yarn, Dyes, Chemicals, etc. required by the members in connection with the industry and arrange for proper storage, packing and transport of such goods and sell them to the affiliated Societies.
ii) to procure Weaving appliances, such as looms and accessories required for Weaving industry and sell them to the best advantage.
iii) to purchase the finished products from the affiliated societies and sell them to their best advantage.
iv) to carry on Inter-state trade in raw-materials, finished products, looms and
accessories and also export trade in finished products with independently or as agent of the govt. or other authorised body in the best interest of the affiliated Societies.
v) to serve as General marketing Centre of the affiliated Societies and super vise the Working of the affiliated societies and render technical guidance and assistance to them to maintain improved methods quality and designs and to provide the required management technique to bring about an improvement in their managerial and operational efficiency
vi) to open sales depots, Branches, centre and Office in or outside the state in the interest of the business of the society or its affiliated societies and to take up agency in connection with handloom and other Cottage industries.
vii) to organise and participate in fair, exhibition, display, etc. on Handloom, power loom and other cottage industries products.
viii) to enter into contract with Government or Other Agencies for import and export of raw-materials and handloom and other cottage industries products.
ix) to accept deposits from members in such terms and conditions as may be determined by the Board in this behalf.
x) MAHCO is also at liberty to receive share capital and loan and Grant from the government or other state Bank of India, M.C.Apex Bank, All India Handloom Board, National Cooperative Development Corporations etc.
xi) to arrange supply of raw materials for the members of handicraft cooperatives and to take suitable steps necessary for marketing their products.
xii) to arrange finance for the handicraft cooperatives to facilitate better production.
xiii) to open sales depots exclusively for the product of the artisans cooperativesinside and outside the state if and when necessary.
2. Composition Power and function of the General Assembly:
a) The supreme authority of a registered society is invested in the General assembly as provided under section 31 of the Mizoram Cooperative Societies Act, 1991. The meeting of General Assembly is to beheld within 60 days of the date of expiry of the Cooperative year. The General Assembly shall consists of elected representative of the members of the societies who eligible to vote in the General Assembly. The A and B Class members are allowed to send two representative at the General Assembly with voting power.
b) The power and function of the General Assembly is as specified below:-
(i) to receives the activities proceeding years and draw up line of activities for the next year.
(ii) to confirm the minute of the last Gen.Assembly/Meeting.
(iii) to consider audit memorundum and audit rectifications reports from the Board and any other comminication from the Registrar.
(iv) to distribute profit as per the provisions of the Bye-law.
(v) to pass Annual Budget.
(vi) to elect new Board of Directors.
(vii) to hear all complaints including appeals against orders of the Board of Directors.
(viii) to ammend Bye-Laws as per provision of the Act & Rule.
(ix) to fix maximum borrowing limit and rate of interest.
(x) to transact any other business that may be laid before the meeting by the Board of Directors provided that during the tendency or loan of service of the State Govt. or Other institution as the quarantee of the state Govt. and when Board of Directors is nominated by the state Govt. or the Registrar of the societies, such Board of Directors shall be competent to dispose of the functions allocated to the Gen. Body with approval of the Registrar of Coop.Societies and such Board of Directors shall not be subjected to removal by the General body without the previous express the permission of the Registrar.

3. Composition Power and function of the Board of Directors:
(a) The Management of MAHCO Ltd. is invested in a Board of Directors consisting
of 14 member as under :-
(i) maintains account and registers as prescribed under Mizoram Cooperative Act, 1991.
(ii) Place before the Gen.Meeting audit accounts, Annual reports on the activities of the society and a rectification report alongwith other necessary papers.
(iii) Appoint Salaries of staff, fix their scale of pay and nature of duty.
(iv) Frame rules for efficient conduct of business with the approval of the Registrar.
(v) Prepare Annual budget estimate of income and expenditure and place the same in the Gen.Meeting for approval.
(vi) Dispose of application for membership and for shares and their transfers.
(vii) Examine the stock Register and verify the Stock etc.

(b) Subject to the provision of Byelaws and directions conveyed in the resolution of the general Meeting of the society, the Board of Directors is empower to have full authority to carry on the business of the society. The Boardis to meet atleast once in every three months to transact its business.