A group of farmers desires to start the business of organic farm produce by opening branches in different districts and States of the country. The farmers have approached you to seek your advice on formation of a Multi S
CS Executive · Setting Up of Business, Industrial and Labour Laws · PYQS · December 2023
A group of farmers desires to start the business of organic farm produce by opening branches in different districts and States of the country. The farmers have approached you to seek your advice on formation of a Multi State Co-operative Society under Multi State Cooperative Societies Act, 2002. Brief them on the documentary requirements for formation of Multi State Co-operative Society and the Authority with whom the application needs to be filed.
Answer & Explanation:
Formation of Multi State Co-Operative Society An application for registration of a multi-state cooperative society in the specified Form should be filed with the Central Registrar of Cooperative Societies, New Delhi, along with the following enclosures: A certificate from the bank stating the credit balance in the bank account in favor of the multi-state cooperative society. A scheme explaining how the proposed multi-state co-operative society has reasonable prospects of becoming a viable unit. Four copies of bye-laws in original. The proposed area of operation for registration shall initially be permitted for two contiguous states only. A list of at least 50 members from each state. The list has to be submitted in the format annexed with the Multi State Cooperative Societies Act, 2002 (MSCS Act, 2002) along with copies of ID proofs of the members duly attested by the Chief Promoter. Certified copies of the resolutions passed by the proposed society along with the certified copy of the resolution of the promoters which shall specify the name and address of one of the applicant(s) to whom the Central Registrar may address correspondence under the rules before registration and dispatch or hand over registration documents. Contact number and e-mail address of the Chief Promoter or Society on the cover page.
Topics: Cooperative Societies
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