Cooperative society, multipurpos co operative account, multi branch management, online banking secur

Co Op erat ive Societ y Form at ion

A co-operative society should be fashioned below the Co-operative Societies Act, 1912 or below the relevant state co-operative society’s law.

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•A co-op erat ive societ y is f ash ion ed b y at least t en ad u lt m em b ers.

•Th e m em b ers w illin g t o creat e a societ y sh ou ld h ave com m on b on d am on g t h em .

Co Op erat ive Societ y Form at ion • They wi ll be t he resi dent s of sam e sect i on, st aff of som e organi zat i on, happi ness t o som e clust er havi ng affi ni t y et c. • t he fundam ent al plan i s t hat everyone t he persons ai m i ng t o ki nd a soci et y ought t o have som e com m on obj ect i ves t o at t ai n.

A p p licat ion f or Societ y M u st In clu d e

(a) Nam e and address of t he soci et y. (b) Ai m s and obj ect i ves of t he soci et y (c) Nam es and addresses of m em bers of t he soci et y.

A p p licat ion f or Societ y M u st In clu d e (d) Share capi t al and i t s di vi si on. (e) Mode of adm i t t i ng new m em bers. (f) A dupli cat e of t he bye laws of t he soci et y.

A p p licat ion f or Societ y M u st In clu d e •The requi red docum ent s are fi led wi t h t he Regi st rar of Soci et i es.

•The Regi st rar scrut i ni zes t he docum ent s; i f t hese are as per necessi t i es t hen t he soci et y’s nam e i s ent ered wi t hi n t he regi st er.

A p p l icat ion f or Societ y M u st In cl u d e

•A cert i fi cat e of regi st rat i on i s addi t i onally i ssued t o t he soci et y. •The soci et y can becom e a com pany body from t he dat e m ent i oned wi t hi n t he cert i fi cat e.

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