From that period the every cooperative society came under the control and supervision of the government.
#Cooperative society meaning registration#
Since registration of cooperative societies became compulsory. Once the society registered, the Society becomes a separate legal entity. The Multi-state Cooperative Societies are registered under the Multi-State Cooperative Societies Act 2002. In India the cooperative societies registered under Cooperative Societies Act 1912 or the state Cooperative Societies Act. The Cooperative Society act does not specify the maximum numbers of the cooperative society members. In multi-state cooperative societies the minimum numbers of member is 50 from each state in case the member are individuals.
Number of MembersĪ minimum of 10 members are required to form a cooperative society. Religion, gender & caste do not matter in cooperative society. A person can join cooperative society anytime or leave as per his desire. The membership of cooperative societies is voluntary. įeatures Of Cooperative Societies Voluntary Association It represents an attempt by poor and weaker persons to protect themselves against the exploitation and oppression of the economically strong. It is based on the principles of collective effort, mutual self – help, equality, democracy, distributive justice and freedom. Registration of the Cooperative SocietyĪ co – operative society is a voluntary association of persons of moderate means, who unite together to protect and promote their common economic and social interests.
0 kommentar(er)
