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Multi State Credit Co-operative Society Registration - Muds Management

Muds Services: <br>Preparation and filing of State Level Application for NOC<br>Obtaining NOC<br>Drafting of Bye Laws<br>Application for Multi State Credit Co-operative Society in Delhi<br>Liasoning with the Department and replying to Objections<br>Obtaining Certificate of Registration<br>https://muds.co.in/multi-state-credit-co-operative-society-registration/

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Multi State Credit Co-operative Society Registration - Muds Management

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  1. Multi State Credit Co-Operative Society Registration MUDS Management Pvt. Ltd.

  2. MUDS Services: 01 04 Preparation and filing of State Preparation and filing of State Level Application for NOC Level Application for NOC Application for Multi State Credit Application for Multi State Credit Co Co- -operative Society in Delhi operative Society in Delhi 02 05 Liasioning Liasioning with the Department with the Department and replying to Objections and replying to Objections Obtaining NOC Obtaining NOC 03 06 Obtaining Certificate of Obtaining Certificate of Registration Registration Drafting of Bye Laws Drafting of Bye Laws MUDS Management Pvt. Ltd.

  3. Overview: Registered under Multi State Registered under Multi State Cooperative Society Act 2002, Cooperative Society Act 2002, multi multi- -society cooperative society cooperative societies are formed with the societies are formed with the objective to serve interest of objective to serve interest of members in more than one state. members in more than one state. MUDS Management Pvt. Ltd.

  4. Types of Co-operative Societies: Agriculture Agriculture Cooperative Cooperative Society Society Farming Farming Cooperative Cooperative Society Society Multi Multi- -State Solar Cooperative Solar Cooperative Society Society State Credit Credit Cooperative Cooperative Society Society 01 02 03 04 Transport Transport Cooperative Cooperative Society Society Dairy Firm Dairy Firm Cooperative Cooperative Society Society Real Estate Real Estate Cooperative Cooperative Society Society and much more and much more 05 06 07 08 MUDS Management Pvt. Ltd.

  5. Benefits: Ease of formation Ease of formation 01 07 Limited expenses Limited expenses Simpler Compliance Norms Simpler Compliance Norms 02 06 Democratic Management Democratic Management Lesser Liability Lesser Liability 03 05 04 Continuous Existence Continuous Existence Easy membership Easy membership MUDS Management Pvt. Ltd.

  6. Procedure: The The credit credit cooperative cooperative societies registered registered under under the office office of of state state with with the Co Co- -op op Society Society. . societies are district registrar registrar the Registrar Registrar of are 01 the district of The The application application needs least least 50 50 persons persons from by by five five societies societies in in different needs to from each different societies to sign sign by each state state and societies. . by at and at 02 03 It It must must have the the collection collection of have appointed appointed agents of deposits deposits. . agents for for It It infrastructure infrastructure and carry carry out out its should should have have and the its operation operation. . the the the software software to necessary necessary 04 to After After review review of the the society society registration registration. . of the will will the infrastructure, infrastructure, be be 05 granted granted MUDS Management Pvt. Ltd.

  7. Documents Required: 02 01 03 04 Four copies of the Four copies of the proposed Bye proposed Bye- -laws duly signed by everyone who signed by everyone who signs the application. signs the application. Name of the Name of the proposed society. proposed society. Registration Registration Address. Address. List of persons who List of persons who have given the share have given the share capital, the amount capital, the amount contributed and the contributed and the admission fee paid by admission fee paid by each Area of operation. each Area of operation. laws duly 05 06 07 08 Main objectives. Main objectives. A certificate from the A certificate from the bank/ banks stating bank/ banks stating the credit balance. the credit balance. Certified copy of Certified copy of the resolution of the resolution of the promoters. the promoters. List of at least 50 List of at least 50 members from members from each state. each state. MUDS Management Pvt. Ltd.

  8. Rules and Regulations: 01 02 03 04 Application needs Application needs to signed by at to signed by at- -least 50 persons from 50 persons from each state and by each state and by five societies in five societies in different societies. different societies. Bye Bye- -Laws should Laws should mention overall mention overall betterment of the betterment of the society if any society if any society fails to society fails to do that, it should do that, it should not be registered. not be registered. Is a body cooperate Is a body cooperate with limited liability. with limited liability. Only net profit Only net profit should be should be distributed among distributed among the members the members of the society. of the society. least MUDS Management Pvt. Ltd.

  9. Rules and Regulations: 05 06 07 08 Can make Can make investment in investment in recognized recognized securities. securities. Cannot extend Cannot extend loans to political loans to political parties or non parties or non- - members of members of the society. the society. Cannot borrow Cannot borrow from external from external sources. sources. Annual auditing Annual auditing by recognized by recognized auditors is auditors is mandatory. mandatory. MUDS Management Pvt. Ltd.

  10. Role of Administration for Society: 01 02 03 04 Interim Interim management management of the society of the society should have 7 should have 7 to 21 members. to 21 members. Must have 2 Must have 2 ladies and 1 ladies and 1 extra members extra members of ST/SC Tribe of ST/SC Tribe in the main in the main governing list. governing list. Members need Members need to participate to participate in yearly in yearly conferences, conferences, notifications, notifications, quorums etc. quorums etc. 15 days after 15 days after the notice, a the notice, a general meeting general meeting is conducted is conducted for any unique for any unique scheme. scheme. MUDS Management Pvt. Ltd.

  11. Role of Administration for Society: 05 06 07 08 Quorum needs Quorum needs to be at to be at- -least 1/5th of the 1/5th of the total members total members to conduct a to conduct a meeting. meeting. Special body Special body conference can be conference can be carried out even carried out even with 7 days notice. with 7 days notice. The society needs The society needs to employ CA to to employ CA to pass a resolution pass a resolution and to take and to take care of accounts. care of accounts. As per MSCS 02 As per MSCS 02 Act, no person Act, no person can be member can be member of two societies of two societies of same kind. of same kind. least MUDS Management Pvt. Ltd.

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