Registration of cooperative society

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2012 sir,
i want to establish one co operative society,please help in this regard

1. what is the requirement to establish society under co-operative society

2, what are the documents is required

3, what is the fees structure

4, where is the department in Rajkot and Ahmedabad

5. what is the procedure should follow

6. I want to start Gruhudhyog work so is it beneficial to start cooperative society to do Gruhudhyog work
7.What is registration fees structure for registering cooperative society

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

18 June 2012 FORMATION OF CO- OPERATIVE SOCIETY

A co-operative society is a special type of business organisation different from other forms of organsation. The term co-operation is derived from the Latin word co-operari, where the word co means ‘with’ and operari means ‘to work’. Thus, co-operation means working together. So those who want to work together with some common economic objective can form a society which is termed as “co-operative society”. It is a voluntary association of persons who work together to promote their economic interest. It works on the principle of self-help as well as mutual help. The main objective is to provide support to the members. Nobody joins a cooperative society to earn profit. People come forward as a group, pool their individual resources, utilise them in the best possible manner, and derive some common benefit out of it.

For formation of a cooperative society at least 10 persons are required. They must have the common objective to serve each other by forming a society. They have to contribute capital in form of share capital and decide to take up any one or more activities. They form a managing committee from and among the members who looks after the management of the society and implements the decisions of the members. As our Constitution is wedded to a socialistic pattern of society, it is a part of the Government policy to promote and encourage establishment of cooperative societies.

Therefore, cooperative societies enjoy several benefits provided by the Government from time to time . But in order to avail those benefits the society must have to register under the Cooperative Societies Act. The procedure for registration are as follow :

Apply for registration of the association as cooperative society in a prescribed proforma available with the Registrar of Cooperative Societies with requisite information like -

(1) List of members, their individual addresses,

(2) Name and objectives of the society for which it has been formed,

(3) Collection of funds - share capital or loan fund with their utilization process,

(4) Office bearers as managing committee and their powers,

(5) Admission and retirement of members, and

(6) Bye-law of the society.

On fulfillment of all the above requirements the Registrar may issue a certificate of Registration in favour of that society, which elevates the status as Registered cooperative society or corporate body.

must read

http://www.lawyersclubindia.com/experts/Registration-procedure-of-co-operative-society-168731.asp

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now