D.G.

RUPAREL COLLEGE OF
ARTS,SCIENCE & COMMERCE
MAHIM,MUMBAI - 400016
PROJECT REPORT ON ACCOUNTING &STATUTORY REQUIREMENTS OF CO-
OPERATIVE SOCIETIES
BY
SHRADDHA SANTOSH KADAM
MC - 5043
TO
ASHOK GUJAR
MCOM- II
SEM - III
INTRODUCTION
 MEANING
 A CO-OPERATIVE IS A VOLUNTARY ASSOCIATION
STARTED WITH THE AIMS OF SERVICE OF ITS MEMBERS.
 The philosophy of the formation of co operative society is
‘all for each and each for all’.

 DEFINATION
o Section 4 , of the Indian co-operative societies act 1912 defines a
co-operative ‘as a society which has its objectives the pramotion
of economic interest of its members in accordance with co
operative principles’ .
FORMATION OF CO OPERATIVE
SOCIETY

A co-oprative society must be formed under the co

operative societies act 1912 or under the relevent
state co operative societies law. A co operative
society should be formed by atleast 10 adults .
FEATURES OF CO OPERATIVE
ORGANISATION

 Voluntary association
 Equal voting rights

 Service motive

 Seperate legal entity

 Democratic management

 Cash trading

 Disposal of surplus

 Team spirit
TYPES

 Consumer co operative
 Producers co operative

 Co operative credit society

 Co operative housing society

 Co operative farming society

 Co operative marketing society

 Single / multipurpose co operative society

STATUES GOVERNING CO OPERATIVES AND
NPO

 Co operative societies act 1912

 Multistate co operative societies act 2002

 State co operative societies act………[rajasthan

2001]
 NABARD act 1981

 Mutually aided co operative societies act [macs]

MEMBERSHIP

Classes of Members
 Members , including associate members and

 Nominal members
BASIC ELIGIBILITY FOR MEMBERSHIP

 Individual who is competent to contract under

the indian contact act 1872
 Firm,company or any other body corporate
constituted under any law for the time being in
force , or a society registered under the societies
Registration Act 1860
 Society registered , or deemed to be registered
under the act
 The state government or the central government
 Local authority
 Public trust registered under any law for the
time being in force for the registration of such
trusts .
THANK YOU
For watching

By shraddha kadam
MC- 5043