Q.1 What is a Credit Co-operative Society?
In Credit Co-operative Society, you can do all finance related work. You can accept deposits from members and give loans to members on a particular interest rate.
Q.2 How much time do we take for a multi state co-operative society to be registered?
Generally 4-5 months time is required for registration of a multi state co-operative society after the submission of documents in the ministry. Sometimes it can be done earlier also provided the documents required for registration are made available to us sooner.
Q.3 What are the requirements for registration of a Multi State Co-operative Society?
An application for registration of a Multi-State Cooperative society shall be made in the prescribed form – Form 1 & Form 2.
Form 1, we need the details of minimum 60 members from at least 2 states each with their signatures.
In Form 2, we need the names of all the members with their signatures.
** In Form1 and Form2, everything can be computer written except the signatures.
Q.4 where the name by multi-state co-operative society can be used?
Every multi-state co-operative society-.
- Shall paint or affix its name and the address of its registered office and keep the same painted or affixed, on the outside of every office or place in which its business is carried on, in conspicuous position, in letters easily legible; and if the characters employed therefore are not those of the language, or of one of the languages in general use in that locality, also in the characters of that language or of one of those languages.
- Shall have its name engraved in legible characters on its seal.
- Shall have4 its name and the address of its registered office mentioned in legible characters in all its business letters, in all its bill heads and letter paper, and in all its notices and other official publications; and also have its name so mentioned in all bills of exchange, hundies, promissory notes, endorsements cheques and orders for money or goods purporting to be signed by or on behalf of the multi-state cooperative society, and in all bills of parcels, invoices, receipts and letters of credit of the multi-state co-operative society.