Co-operative banks are small-sized units which are organized in the co-operative sector of urba...
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