Credit Cooperative Society Registration in India- GSB Taxation

What is Multi state Co-operative Society

A Multi state cooperative society registered from the center i.e. Delhi. The cooperative societies with mission not kept to one state and serving the interest of members in more than one state for social budgetary enhancement of its members through self-improvement and common aid as per the cooperative standards are recognized as multi state cooperative societies.
Multi-state co-operative societies are formed by the group of individuals to promote their economic and social betterment and to provide functional autonomy.

Types of multi-state cooperative societies

Credit co-operative society
Housing co-operative society
Agriculture co-operative society
Marketing co-operative society
Transport co-operative society
Hospital co-operative society

Time taken in registration

Minimum time taken for registration of multi-state co-operative
society is 1months subject to government officers.

How to register a multi-state cooperative society

In multi-state co-operative society we need minimum 50 members from each state with two states.
Minimum 7 board members and maximum 21 board members.
Name of all the members with their proofs.
Proposed name of your multi state cooperative society.
Your area of operation: Mention the name of states where you want to work.
Copy of pre-registration meetings resolution (about board, capital, members, operations, etc.)
A certificate from the Bank stating the credit balance in favor of the proposed multi-state co-operative society.
A detailed plan that how co-operative society will be beneficial for the social and economic betterment of its members and community as a whole

Documents Required

Four copies of the proposed Bye-laws of the Multi-state cooperative society, duly signed by each of the persons who sign the application.
Name of the proposed multi-state cooperative society.
Head Quarters and address to be registered.
A list of persons who have contributed to the share capital, together with the amount contributed by each of them, and the admission fee paid by them.
Area of operation
Main objectives
A certificate from the Bank or banks stating the credit balance in favour of the proposed multistate cooperative society.
A scheme showing the details explaining how the working of the multi-State co-operative society will be economically sound and the registration of such multi-State co-operative society will be beneficial for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles
The certified copy of the resolution of the promoters which shall specify the name and address of one of the applicants to whom the Central Registrar may address correspondence under the rules before registration and dispatch or hand over registration documents.