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Author Topic: How to register a Co-operative society in India and what is the procedure  (Read 1066 times)

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Offline Pathak

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We are a group of 30 people want to set up a cash credit co-operative society in the state of Tamil nadu, Vellore.
we request honourable lawyers to kindly let us know the procedure and time taken to get it registered

Offline advgaurav.sharma

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To begin with you need a minimum of 15 members to form a cash Credit Co-operative society in India.
secondly A Name for the Society has to be selected, and applied for, when the name is reserved it is valid for  three months.
than A Provisional Committee should be formed and a chief should be elected from amongst them.

once this is done than:
1. The entrance fees and share capital has to be collected from the prospective members.
2. A Bank account has to be opened in the name of the proposed society as per the directions of the registration Authority. The entrance fees and share money has to be deposited in the bank account and the certificate from the bank has to be obtained in that respect.
3. The registration fees has to be deposited with the Reserve Bank of India and receipted 1challan thereof is to be obtained.
4. The application for registration of the society should be submitted to the Registrar of Societies of the concerned municipal ward. The documents to be submitted for registration are as follows :
5. Form No. A in quadruplicate signed by 90% of the promoter members
b. List of promoter members
c. Bank Certificate
d. Detailed explanation of working of the society.
e. 4 copies of proposed bye-laws of the society.
f. Proof of payment of registration charges.
g. Other documents like affidavits, indemnity bonds, any documents specified by the Registrar also have to be submitted.
6. The Registrar will enter the particulars in register of application maintained in Form and give serial number and issue receipt in acknowledgement of the same.
7. On registration, the Registrar will notify the registration of the Society in the Official Gazette and issue Registration Certificate.
Advocate Gaurav is a specialist in Trademark laws


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