Siddharth Mehra

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 short articles not kept to one state and serving the pastimes of parts in more than one state for financial and social renovation of its parts through self enhancement and common aid as per the co-agent standards are acknowledged as Multi State Cooperative Societies.

Kinds of multi state cooperative societies and guidelines: -

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

Function of Administration Members of Multi State:-.

As far the interim management committee list is concerned who are responsible for the management and handling of the society, the society may want to minimum 7 members and this list can go upto 21 members. Simply for example in a credit cooperative society, if the society wants to make any plan like gold loan, auto loan, repaired deposit loan, double deposit plan, triple deposit plan or any special scheme, the society has to provide a prior 15 days observe to all its members by rate post, newspaper publication etc. As per the regulations 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 same type.

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