Cooperative Society

A multi state cooperative society is registered from the center i.e. Delhi. The co-agent castes, with posts not kept to one state and serving the hobbies of parts in even more than one state for social and financial improvement of its parts with self improvement and typical aid as per the co-agent standards are acknowledged as Multi State Cooperative Societies.

Kinds of multi state cooperative societies and requirements: -

A multi state cooperative society is of different types- Credit, Housing, Agriculture, Transportation, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Customer and Multi Function Co-operative Society. The fundamental formalities for forming this society is to arrange at least 50 members from 2 states each.

Duty of Administration Members of Multi State:-.

As far the interim management committee list is worried who are responsible for the management and handling of the society, the society must minimum 7 members and this list can go upto 21 members. Simply for example in a credit cooperative society, if the society desires to make any scheme like gold loan, car loan, dealt with deposit loan, double deposit strategy, triple deposit strategy or any special scheme, the society has to provide a prior 15 days discover to all its members by speed post, paper publication etc. As per the guidelines of MSCS Act 2002, a person currently being a member of a society can not be a member of a multi state cooperative society of the exact same kind.

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