Multi state Cooperative Society

Defination of a multi state cooperative society: -

A multi state cooperative society is signed up from the center i.e. Delhi. The co-agent social orders, with articles not kept to one state and serving the pastimes of parts in more than one state for social and budgetary improvement of its parts with self improvement and usual help as per the co-agent standards are recognized as Multi State Cooperative Societies.

Types of multi state cooperative societies and requirements: -

A multi state cooperative society is of numerous kinds- Credit, Housing, Agriculture, Transportation, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Consumer and Multi Function Co-operative Society. The basic formalities for forming this society is to arrange at least 50 members from 2 states each. There can be even more than 50 members also however each extra state needs a minimum of 50 members from that state. These first fifty members are average members who have ballot right and to whom shares are allotted. The 2nd category of members are nominal members to whom shares are not allotted, who do not have voting right and who never participate in any of the basic body meetings.

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