Checklist for Multi-state Co-operative Society Registration

Narendra Kumar | Updated: Sep 25, 2017 | Category: Credit Co-operative Society

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:-

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.

Names of all the members with their signatures.
Proposed name of your multi-state cooperative society.
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.