In one of the massive developments in the finance sector, the Government of India has decided t...
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.
For the Multi-state Credit Co-operative society registration, a person has to submit the application to the Department of Agriculture & Co-operation.
The application required the following documents:-
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.
The application shall be accompanied by:-
Documents requirement for Promoters / Applicants for incorporation as follows:
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.
Multistate cooperative societies are of several types-
Read our article:Requirements For Forming a State Co-Operative Society