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Author Topic: what is the procedure to set up Multi-State Cooperative Society  (Read 400 times)

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Offline rupa

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what is the procedure to set up Multi-State Cooperative Society
« on: December 22, 2018, 06:56:48 PM »
what is the procedure to set up Multi-State Cooperative Society, kindly give me the guidelines on this matter I am from Guwahati, Assam

Offline advuma

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Re: what is the procedure to set up Multi-State Cooperative Society
« Reply #1 on: December 22, 2018, 07:06:41 PM »
Multi-State Cooperative Society is governed by the Multi-State Cooperative Societies Act, 1984.
The Act provides for voluntary formation and functioning of multi-state cooperative societies which are member driven institutions and are based on self-help and mutual aid. This Act also helps these societies to further their economic and social advancements and provides for their functional autonomy.

Section 5 lays down the procedure to register a Multi-State Cooperative Society.

Section 6 of MSCS Act 2002 provides for application of registration which shall be made to the Central Registrar in such form and with such particulars as may be prescribed.

The application shall be signed:
1. In the case of a multi-State co-operative society of which all the members are individuals, by at least fifty persons from each of the state concerned;

2. In the case of a multi-State co-operative society of which the members are co-operative societies, by duly authorized representatives on behalf of at least five such societies as are not registered in the same state.

3. In the case of a multi-State co-operative society of which another multi-State co-operative society and other co-operative societies are members, by duly authorized representatives of each of such societies: Provided that not less than two of the co-operative societies referred to in this clause, shall be such as are not registered in the same state;

4. In the case of a multi-State co-operative society of which the members are co-operative societies or multi-State co-operative societies and individuals, by at least,
# fifty persons, being individuals, from each of the two states or more; and
# one co-operative society each from two states or more or one multi-State co-operative society.

5. The application shall be accompanied by four copies of the proposed bye-laws of the multi-State co-operative society and the persons by whom or on whose behalf such application is made shall furnish such information in regard to the society as the Central Registrar may require./

Documents required for setting up a Multi-State Cooperative Society
# Four copies of proposed Bye-Laws ;
# List of contributors to the share capital including List of contributors to the share capital including details of the amount contributed by each member;
# A certificate from the bank showing credit balance in the account of the proposed multi-state co-operative society;
# A scheme showing economic viability of the proposed society and further state that registration of society shall be beneficial for the social and economic betterment of the members.
# A resolution providing name and address of the chief promoter for any communication by the Central Registrar.
# Copy of resolution in favor of the person authorized to make the alteration in the Bye-Laws of the proposed society.
« Last Edit: December 22, 2018, 07:08:39 PM by advuma »
if u like my posting plz submit your comments

Hi, I am advocate Uma Saika, from Assam

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