The document outlines the procedure for registering a cooperative society in India. It involves forming a provisional committee of at least 10 adult individuals, reserving a society name, collecting entrance fees and share capital, opening a bank account, paying registration fees to the Reserve Bank of India, and submitting an application along with documents like membership lists, bank certificates, bye-laws, and payment receipts to the registrar of cooperative societies. If approved, the registrar will issue a certificate of registration and publish notice of the new society in the official gazette.
The document outlines the procedure for registering a cooperative society in India. It involves forming a provisional committee of at least 10 adult individuals, reserving a society name, collecting entrance fees and share capital, opening a bank account, paying registration fees to the Reserve Bank of India, and submitting an application along with documents like membership lists, bank certificates, bye-laws, and payment receipts to the registrar of cooperative societies. If approved, the registrar will issue a certificate of registration and publish notice of the new society in the official gazette.
The document outlines the procedure for registering a cooperative society in India. It involves forming a provisional committee of at least 10 adult individuals, reserving a society name, collecting entrance fees and share capital, opening a bank account, paying registration fees to the Reserve Bank of India, and submitting an application along with documents like membership lists, bank certificates, bye-laws, and payment receipts to the registrar of cooperative societies. If approved, the registrar will issue a certificate of registration and publish notice of the new society in the official gazette.
The procedure for registration of a Co-operative society.
For registration of co-operative societies, every state has an office of
the registrar of co-operative societies. The registrar of the society is responsible for the registration of the society and it controls the operation of co-operative societies. The following procedures are adopted for the registration of a cooperative society: Minimum membership: A minimum of 10 adult persons are
required for a co-operative organization. A person will be called a
major or adult person when he has attained 18 (or above) years of age. Application: An application for registration is to be made to the registrar of the co-operative societies. Such an application for registration should include the following details: Name and address of the society intended to be established. The aims and objective of the society. The details of share capital held by the members. The bye-laws of the society which contains rules and regulations for the management of the society. The bye-laws must be signed by at least 10 members who have signed the application for registration. The application for registration is required to be signed by at least 10 members of the society. Obtaining certificate of registration: When the registrar is satisfied with regard to the objects and the bye-laws of the society, he issues a certificate of registration to this effect. On registration it enjoys the status of a separate legal entity and after this it accept new membership and start its business operation.
PROCEDURE FOR REGISTRATION OF CO-OP.
SOCIETIES 1.The first Step is to get 10 Individuals together who are desirous of forming a Society. 2.A Provisional Committee should be formed and a chief Promoter should be elected from amongst them. 3.A Name for the Society has to be selected. 4.An Application has to be made to the Registration Authority for reservation of Name and a letter to that effect has to be obtained confirming the reservation of Name. The name once reserved is valid for 3 Months. 5.The entrance fees and share capital has to be collected from the prospective members. 6.A Bank account has to be opened in the name of the proposed society as per the directions of the registration Authority. The entrance fees and share money has to be deposited in the bank account and the certificate from the bank has to be obtained in that respect. 7.The registration fees has to be deposited with the
Reserve Bank of India and receipted 1challan thereof is to
be obtained. 8.The application for registration of the society should be submitted to the Registrar of Societies of the concerned municipal ward. The documents to be submitted for registration are as follows : a.Form No. A in quadruplicate signed by 90% of the promoter members b.List of promoter members c.Bank Certificate d.Detailed explanation of working of the society. e.4 copies of proposed bye-laws of the society. f.Proof of payment of registration charges. g.Other documents like affidavits, indemnity bonds, any documents specified by the Registrar also have to be submitted. 9.The Registrar will enter the particulars in register of application maintained in Form B and give serial
number and issue receipt in acknowledgment of the
same. 10.On registration, the Registrar will notify the registration of the Society in the Official Gazette and issue Registration Certificate.