- advjayasingjadhav
- Business Law
- December 20, 2020
Registering a cooperative society in India is a structured process under the Cooperative Societies Act (varies by state). Here’s a simplified step-by-step guide.
Step 1: Minimum Members
A minimum of 10 adult members with a common economic interest is required.
Step 2: Choose a Name & Type
Select a unique name and decide the society type (housing, credit, consumer, producer, dairy, etc.).
Step 3: Draft By-Laws
Prepare the society’s by-laws, covering:
Objectives of the society
Membership rules
Committee structure & voting rights
Financial arrangements
Step 4: Collect Documents
Application form (signed by all members)
Society by-laws (in prescribed format)
Address proof of society office
Identity/address proof of members
Fee receipt (as per state rules)
Step 5: Submit to Registrar
File all documents with the Registrar of Cooperative Societies in your state.
Step 6: Verification & Approval
The registrar reviews the application. Once approved, the society receives an official Registration Certificate.
Benefits of Registration
- Legal identity & recognition
- Ability to open bank accounts, take loans, or acquire property
- Legal protection under cooperative law
Conclusion
Registering a cooperative society gives it a legal standing, structured governance, and financial credibility. With proper planning and documentation, members can build a strong and sustainable cooperative.
- Tags:
- Corporate