Credit Co-operative Society

Checklist for Multi-state Co-operative Society Registration

Their main objects shall be serving the interests of members in more than one state and their by-laws shall provide for the social and economic betterment of their members through self-help and mutual aid in accordance with co-operative principles (Sec. 7). Otherwise, they are ineligible for registration. A multi-state co-operative society is a body corporate with limited liability. In this article we described about Checklist for Multi-state Co-operative Society Registration.

Which place one should go to register a Multi-State Credit Co-op. Society?

For the Multi-state Credit Co-operative society registration, a person has to submit the application to the Department of Agriculture & Co-operation.

How to Register a Multi-State Credit Co-op. Society?

The application required the following documents:-

1. Information of 50 members from each state with two states minimum.

You can keep a number of states as well but each additional state requires a minimum of 50 members from that state.

Note: All the members must be more than 18 years of age.

2. Names of all the members with their signatures.
3. Proposed name of your multi-state cooperative society.
4. Your area of operation: Mention the names of the states where you want to work.

The application shall be accompanied by:-

• Submit 4 copies of recommended Bye-laws along with other documents for the Multistate co-operative society, which is signed by every single person who is signing the application.
• Name of the proposed multi-state co-operative society.
• Head Quarter’s address to be registered.
• A list of persons who have contributed to the share capital, together with the amount contributed by each of them, and the admission fee paid by them.
• Area of operation.
• Main objectives
• A certificate from the Bank or banks stating the credit balance in favor of the proposed multi-state co-operative society.
• NOC from concerned state Cooperative Registrar^[1].
• Rent Agreement if available.
• Open a Bank account and deposit Share money plus admission fee collected from
• Two Rubber stamp i.e One Seal and second of Chief Promoter.
• Each document signed by Chief Promoter.

Documents requirement for Promoters / Applicants for incorporation as follows:

• Passport size photograph of member
• Self-attested Address proof
• Self-Attested Pan Card
• Education Proof

Scheme inclusions:

A scheme that displays the details clarifying how the working of the multi-State co-operative society will be sound & the registration of such a Multi-State credit co-operative society shall be helpful for social & or as well as economic betterment of its members through self-help & mutual help in accordance with the co-operative principles.

Types of Formation of Multistate Cooperative Society

Multistate cooperative societies are of several types-

• Multi-State Solar Cooperative Society
• Farming Cooperative Society
• Credit Cooperative Society
• Agriculture Cooperative Society.
• Real Estate Cooperative Society
• Dairy Firm Cooperative Society
• Transport Cooperative Society and much more.

Read our article:Requirements For Forming a State Co-Operative Society