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Co-operative Society Registration

Co-operative Society Registration

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 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.

Types of Co-operative Sociey

Types of Co-operative Societies registered under MSCS Act, 2002:

  • Credit Cooperatives Society.
  • Housing Cooperatives Society.
  • Marketing Cooperatives Society.
  • Consumers Cooperatives Society.
  • Cooperative Farming Society.
  • Hybrid Cooperatives Society.

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Details Required For Registration

Details Required For Registration

Documents Required for Co-operative Society Registration:

Minimum number of individuals to form Cooperative Society is 50 and various activities involved would be as follows:

  1. The details of the members:
    1. Name/Occupation/Address/Age/Designation
    2. Contact Information
  2. Address proof of the members:
    1. Aadhar Card/Voter ID/Driving License/Passport
  3. Electricity Bill or a House tax receipt in order to show that you are the in fact the owner of the property along with owner id.
  4. NOC

PROCESS

Step-1 : Drafting of Application

Drafting of Application for approval of the proposal for the registration of society and the model scheme.

Step-2 : Drafting of Resolution

Drafting of resolution of the promoter members for appointing chief promoter and Drafting of affidavit by the chief promoter.

Step-3 : Filing of application

Filing of application with the Registrar.

Step-4 : Follow up

Follow up for approval with the registrar.

Step-5 : PAN, TAN And Bank Account

The final step in the process of registration is to apply for allocation of PAN number and TAN and afterwards apply for a bank account.

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We at NGO WORLDS Working an extensive Network and connections in the corporate world

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