Prathik has studied about mass farming and is keen in uniting farmers in various states by forming a Multi State Co-operative Society. Brief Prathik on the documentary requirements for formation of Multi State Co-operati

CS Executive · Setting up of Business Entities and Closure · PYQS · December 2019
Prathik has studied about mass farming and is keen in uniting farmers in various states by forming a Multi State Co-operative Society. Brief Prathik 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:

An application in Form-1 (under sub-rule (1) of rule 3 of the Multi-State Cooperative Societies Rules, 2002) should be filed with the Central Registrar of Cooperative Societies, New Delhi along with the following enclosures: A certificate from the bank stating credit balance there in favour of the proposed multi-state co-operative 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. Proposed area of operation for registration shall initially be permitted for two contagious States only. 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 the copies of ID proofs of the members duly attested by 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 of registration documents. Contact number and e-mail address of the Chief Promoter or Society on cover page. For societies having objects related to thrift and credit and for multi-purpose societies following additional documents are required to be submitted along with documents mentioned above: No Objection Certificate from the Registrar of Cooperative Societies of the States/ UT where the area of operation of the society is proposed to be confined. A certificate to the effect that the credentials of the Chief Promoter/Promoters have been verified by the Registrar of Co-operative Societies of the State where the head office is proposed to be located. All documents to be submitted in original with the signatures of the Chief Promoter/ Promoters on each page.

Topics: Co-operative Societies

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic