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A multi state cooperative society is of different kinds- Credit, Housing, Farming, Transportation, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Customer and Multi Function Co-operative Society. The fundamental formalities for forming this society is to arrange at least 50 members from 2 states each.
Role of Governing Body Members of Multi State:-.
As far the interim management committee list is concerned who are responsible for the management and handling of the cooperative society, the society needs to minimum 7 members and this list can go upto 21 members. After the 97th Constitutional Modification Act 2011 from February 2013, it is compulsory to keep 2 ladies and 1 extra member who belongs to Scheduled Caste or to Scheduled Tribe 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 meetings,
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Generally, the maximum period for a multi state cooperative society registration is 4 months. In case, the application receives an objection, because case, the application can be submitted again and in particular circumstances, the society registration can be done earlier likewise on the basis of earlier rejections or on political pressures. Registration, the amendment proposal is also filed in the Ministry of Farming. We can submit modification if we desire to increase our location of operation i.e. number of states or enhance our authorized share capital or change our name or change our office address.
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No part of the funds, other than net profits of a multi state cooperative society shall be divided by means of reward or dividend or otherwise distributed among its members. In case of multi state cooperative societies which do not have share capital, the surplus of income over expenditure should not be treated as net revenues and such surplus will be dealt with in accordance with the bye-laws. A multi state cooperative society shall, out of its net earnings in any year move an amount not less than twenty-five percent to the reserve fund,
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As far the interim management committee list is worried who are responsible for the management and handling of the society, the society must minimum 7 members and this list can go upto 21 members. Simply for example in a credit cooperative society, if the society desires to make any scheme like gold loan, auto loan, fixed deposit loan, double deposit plan, triple deposit strategy or any unique scheme, the society has to offer a prior 15 days notice to all its members by rate post, paper publication and so on. As per the regulations of MSCS Act 2002,multi state cooperative society.
Ever since its establishment in 1980, Sydney Wardrobe Company became a renowned brand in the field of built in wardrobes and accessories. The region of Sydney and Sydney Metropolitan Area are regions in which it became a top company in the wardrobes industry, being one of the first companies to ever being created in these regions.
with short articles not kept to one state and serving the pastimes of parts in more than one state for budgetary and social renovation of its parts with self improvement and usual assistance as per the co-agent requirements are recognized as Multi State Cooperative Societies.
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