Multi State Cooperative Society

Definition of a multi state cooperative society: -

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

Kinds of multi state cooperative societies and requirements: -

A multi-state cooperative society is of different types- Credit, Housing, Farming, Transport, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Customer and Multi-Purpose Cooperative Society. The basic formalities for forming this society is to organize at least 50 members from 2 states each. There can be even more than 50 members too however each added state needs a minimum of 50 members from that state. These first fifty members are ordinary members who have voting rights and to whom shares are allocated. The 2nd classification of members is nominal members to whom shares are not allotted, who do not have ballot right and who never participate in any of the general body meetings.