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Multi State Cooperative Society

Function of Governing Body Members of Multi State:-

As far the interim management committee list is worried who are accountable for the management and handling of the cooperative society the society must minimum 7 members and this list can go upto 21 members. Simply for example in a credit cooperative society, if the society desires to make any scheme like gold loan, auto loan, repaired deposit loan, double deposit strategy, triple deposit plan or any special plan, the society has to give a prior 15 days notice to all its members by rate post, paper publication and so on. As per the guidelines of MSCS Act 2002, an individual currently being a member of a society can not be a member of a multi state cooperative society act of the exact same kind.

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Trust Registration

Definition of a multi state cooperative society:

A multi state cooperative society registration from the center i.e. Delhi. The co-agent social orders, with short articles not kept to one state and serving the hobbies of parts in even more than one state for social and budgetary enhancement of its parts through self renovation and common assistance as per the co-agent standards are acknowledged as Multi State Cooperative Societies.

Types of multi state cooperative societies and requirements: –

A multi state cooperative society is of different types- Credit, Housing, Farming, Transport, Healthcare facility, Sugar, Stores, Fishery, Handloom, Labor, Consumer and Multi Function Co-operative Society. The standard formalities for forming this society is to organize at least 50 members from 2 states each Multi State Cooperative Societies.