Multi-State Credit Cooperative Society Registration

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What is Multistate Credit Cooperative Society Registration?

A multistate credit cooperative society registration is carried out at Delhi. The cooperative society with the 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 multistate credit cooperative society.

Multistate credit co-operative society registration is applied by the group of individuals to promote their economic and social betterment and to provide functional autonomy. A credit co-operative society can be of many types such as housing society registration, Agricultural society, Transport society etc.

Types of Multistate Credit Cooperative Society Registration

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

Time taken in credit cooperative society registration

Minimum time taken for multistate credit cooperative society registration
is one month subject to government officers.

Multi State Cooperative Society Registration Requirements

In multi-state co-operative society registration; we need minimum 50 members from each state with two states.
Minimum 7 board members and maximum 21 board members are required for credit society registration.
Name of all the members with their proofs.
Proposed name of your multi state cooperative society.
Your area of operation of credit cooperative society.
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 multistate credit cooperative 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 for Co Operative Society Registration

Four copies of the proposed Bye-laws of the multi-purpose cooperative society registration, duly signed by each of the people who sign the application.
Name of the proposed Multistate Credit Cooperative Society.
Address proof of Credit Cooperative Society.
A list of persons who have contributed to the share capital, together with the amount contributed by each of them along with the admission fee paid by them.
Area of operation of Multi-state Cooperative Society.
Main objectives of Co-operative society.
A certificate from the Bank or banks stating the credit balance in favour of the proposed Multi-state Cooperative Society.
A scheme showing the details explaining how the working of the multi-state cooperative society will be economically sound and the co-op society registration will be beneficial for the 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.

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