The process of a cooperative society registration involves individuals voluntarily coming together to meet their common needs. They submit the necessary documents and fulfill the requirements set by the Registrar of Co-operative Societies for legal recognition. Once registered, the cooperative society operates as a separate legal entity and enjoys benefits and privileges.
Cooperative societies are the oldest form of business organization. The registration of a cooperative society is compulsory under the Cooperative Societies Act, 1912.
The Formation of Cooperative Society in Cooperative Societies Act, 1912, or the respective state cooperative societies acts. Similarly, other countries have their laws and regulations governing cooperative societies.
These are some advantages of coopeerative society registration :
These steps are followed for the cooperative society registration process :
To apply for membership in a cooperative society, the applicant must not be a member of any other cooperative with similar objectives. Additionally, the applicant should belong to different families and have been a resident of the National Capital Territory. Then he was able to become a member of cooperative society.
These are the documents required for cooperative society registration :
– Application form for registration.
– Copy of the proposed society’s bye-laws.
– Address proof of the registered office.
– Identity proof (such as Aadhaar card, PAN card) of the members.
– Passport-sized photographs of the members.
– Minutes of the first meeting of the proposed society.
– Bank account details of the society.
Any other documents as specified by the Registrar of Cooperative Societies
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