A multi state cooperative society is registered from the center i.e. Delhi. The co-agent social orders, with posts not kept to one state and serving the pastimes of parts in more than one state for social and budgetary improvement of its parts through self improvement and common assistance as per the co-agent requirements are acknowledged as Multi State Cooperative Societies.
Kinds of multi state cooperative societies and guidelines: -
A multi state cooperative society is of numerous types- Credit, Housing, Agriculture, Transport, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Consumer and Multi Purpose Co-operative Society. The fundamental formalities for forming this society is to organize at least 50 members from two states each.
Role of Administration Members of Multi State:-.
As far the interim management committee list is worried who are accountable for the management and handling of the society, the society should minimum 7 members and this list can go upto 21 members. After the 97th Constitutional Change Act 2011 from February 2013, it is compulsory to keep 2 women and 1 additional member who belongs to Scheduled Caste or to Scheduled People in the major governing body list. Till today, there are 900-950 Multi State Cooperative Societies from which optimum are credit. The governing body members participate in yearly general body conferences, unique basic body meetings, resolutions, notification, quorums and so on
. Just for example in a credit cooperative society, if the society wishes to make any plan like gold loan, car loan, fixed deposit loan, double deposit plan, triple deposit strategy or any special scheme, the society needs to provide a prior 15 days observe to all its members by rate post, paper publication etc. After 15 days, the general body meeting is performed. If the quorum is one-fifth of the overall members present and ballot during the resolution, the meeting can just occur. The trademarks of the governing body members in addition to normal members present and ballot are absorbed the minutes book and kept for future records. The special general body conference can be carried out by providing a notification of a minimum of seven days. A society should conduct at least 4 general body conferences in every monetary year. In addition, in every monetary year, the society must hire a chartered accountant in a basic body meeting by passing a resolution. This CA looks after the accounts of the society and submits the balance sheets and tax return. The societies other than Credit, Housing and Multi Function can accumulate money from its members on the basis of shared allocation and advance. They can offer dividends to their members on shares and commissions on advance. Additionally as per the regulations of MSCS Act 2002, an individual currently belonging to a society can not belong to a multi state cooperative society of the same kind.
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