The way of credit cooperative society registration :
- Certificate from the bank declaring the credit balance is in support of the respective credit co-operative society.
- Every state must have a minimum of 50 members.
- The board members should be at least 7 and maximum 21.
- The promoter members name and list.
How do you registered a cooperative society in Maharashtra?
Select the account type as ‘Society’ and enter the required details. Then click ‘Create User’. To register online, visit the official website of Co-Operations, Marketing and Textiles Department, Maharashtra. Click Login on the top of the home page or click this link.
How do I register a cooperative society with CAC?
Documents for Registration
- A certified copy of the Resolution passed at the first meeting of the group with the Province Cooperative Officer (PCO).
- Feasibility study report on how the Society operates.
- Four copies of proposed by-laws of the Society.
- Letter of intent (to join the society) from prospective members.
Is it compulsory to register a cooperative society?
It is compulsory for the co-operative society to get registration. The co-operative society is a separate legal identity to the society. It does not get affected by the entry or exit of its members. There is limited liability of the members of co-operative society.
How does credit cooperative society work?
Co-operative Credit Society: These societies are formed to provide financial support to the members. The society accepts deposits from members and grants them loans at reasonable rates of interest in times of need.
How many members are required to form a society?
seven people
Society Registration: List of Documents Required. A society is formed when a group of people comes together for a common purpose or a charitable cause. A minimum of seven people is required to form a society. And these societies are governed by the ‘Societies Act, 1860’.
How do I register a committee?
Documents Required
- Information in Form A.
- Memorandum of Association and Rules and regulations duly attested by one of the subscribers to the memorandum authorized by proposed society.
- Bye-laws of the Association.
- List of executive committee to the Memorandum of Association along with photographs and signature.
What are the benefit of cooperative society?
Cooperative societies enable members to get easy access to loans. Helping build local enterprises and profits. Creating decent jobs for individuals.
Are there any laws in Maharashtra cooperative societies?
Disclaimer: We have converted the Cooperative Housing Society bye-laws, Maharashtra Cooperative Societies Act and Maharashtra Cooperative Societies Rules in web format so that the readers can quickly search the relevant section / bye-law / rule no. We are trying to update it as much as possible.
How many members are required to form a co-operative Society?
To form a society, law mandates that 10 members minimum must show intention to be part of the society having same aim and objective to be achieved through the society for their mutual benefit and thereby be desirous to be part of it.
How does the Managing Committee of a cooperative society work?
An elected managing committee has the powers to take decisions. Members have the right to vote, by which they elect the members who will constitute the managing committee. The cooperative society works on the principle of mutual help & welfare.
What is the purpose of Co-operative Society in India?
A group of people that decide to form a co-operative society in India must register under the Cooperative Society Act, 1912. The purpose behind a cooperative society is to provide goods and services to the consumers at a reasonable cost with the aim to encourage them towards productivity, savings, investments and equal distribution of surplus.
