The Co-Operative societies orders, with articles not bound to one state and serving the diversions of parts in more than one state for social and budgetary advancement of its parts through self improvement and common help as per the co-operative standards are acknowledged Multi State Co-operative Society.
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Mutli state co operative society
1. Mutli State Co-Mutli State Co-
Operative SocietyOperative Society
Website:-Website:-
http://www.multistatesocities.inhttp://www.multistatesocities.in
3. WHAT IS MULTI STATE CO-OPERATIVEWHAT IS MULTI STATE CO-OPERATIVE
SOCIETY ?SOCIETY ?
The Multi State Cooperative Society withThe Multi State Cooperative Society with
objects not confined to one state and servingobjects not confined to one state and serving
the interests of members in more than one statethe interests of members in more than one state
for social and economic betterment of itsfor social and economic betterment of its
members through self-Help and mutual aid inmembers through self-Help and mutual aid in
accordance withaccordance with
the cooperative principles are considered Multithe cooperative principles are considered Multi
State Co-operative Society.State Co-operative Society.
4. Requirements for Multi StateRequirements for Multi State Co-Co-
OperativeOperative Society:Society:
1 .1 .Information of 50 members fromInformation of 50 members from
each state with two stateseach state with two states
minimum. Kindly download thisminimum. Kindly download this
from and fill up their details . Youfrom and fill up their details . You
can download Form1 from this linkcan download Form1 from this link
((www.multiststesociety.inwww.multiststesociety.in).).
5. You can take its separate printoutsYou can take its separate printouts
but please keep the sets of differentbut please keep the sets of different
states separate .you can keep morestates separate .you can keep more
number of states as well but eachnumber of states as well but each
additional state require a minimumadditional state require a minimum
of 50 members from that state.of 50 members from that state.
6. 2. Proposed name of your multi state2. Proposed name of your multi state
cooperative society.cooperative society.
3. Your area of operation: mention the3. Your area of operation: mention the
names of the states where you want tonames of the states where you want to
work.work.
7. Benefits of multi sate cooperativeBenefits of multi sate cooperative
society:society:
You can do the FD . Rd deposits,You can do the FD . Rd deposits,
give loans to members . you can dogive loans to members . you can do
all types of money marketing orall types of money marketing or
financial work in a multi statefinancial work in a multi state
credit cooperative society.credit cooperative society.
8. Documents filed in ministry every year forDocuments filed in ministry every year for
multi state cooperative society :multi state cooperative society :
The documents filed in the ministry areThe documents filed in the ministry are
AGM (Annual General Body Meetings) ,AGM (Annual General Body Meetings) ,
Resolution, Notice , Quorums, Audit ReportResolution, Notice , Quorums, Audit Report
etc.etc.
9. Limit of business in multi stateLimit of business in multi state
cooperative society:cooperative society:
The limit of business in multi stateThe limit of business in multi state
cooperative society is 10 times thecooperative society is 10 times the
subscribed share capital from externalsubscribed share capital from external
sources but for the members there is nosources but for the members there is no
restriction for loans and deposits.restriction for loans and deposits.
10. Area of Operation of Multi StateArea of Operation of Multi State
Co-Operative Society:Co-Operative Society:
Minimum number of states required areMinimum number of states required are
two . You can keep more then 2 states buttwo . You can keep more then 2 states but
each additional state requires 50 membereach additional state requires 50 member
details from each state along with thedetails from each state along with the
address proofs of the members.address proofs of the members.
11. who can become a member ofwho can become a member of
multi state cooperative society?multi state cooperative society?
Ordinary member (voting right).Ordinary member (voting right).
Nominal member (no voting right).Nominal member (no voting right).
Corporate body (PVT LTD .Corporate body (PVT LTD .
Company, Public LTD company,Company, Public LTD company,
company) as a nominal member.company) as a nominal member.
12. When can a multi state societyWhen can a multi state society
apply for amendment?apply for amendment?
If there is a change of address.If there is a change of address.
If the society wants to increase its area ofIf the society wants to increase its area of
operation.operation.
If the society wants to increase itsIf the society wants to increase its
objectives.objectives.
If the society wants to change its name.If the society wants to change its name.
If there is a new rule and the societyIf there is a new rule and the society
wants to amend its bye-laws.wants to amend its bye-laws.
13. New 97th Constitutional Amendment ActNew 97th Constitutional Amendment Act
2011:2011:
2 ladies in governing body are must.2 ladies in governing body are must.
1 extra in member of either SC/ST is1 extra in member of either SC/ST is
compulsory in the governing body list.compulsory in the governing body list.