{"id":2091,"date":"2021-02-08T07:29:29","date_gmt":"2021-02-08T07:29:29","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=2091"},"modified":"2021-02-08T07:37:01","modified_gmt":"2021-02-08T07:37:01","slug":"is-cooperative-society-registration-compulsory","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/is-cooperative-society-registration-compulsory\/","title":{"rendered":"Is Cooperative Society Registration Compulsory?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Yes,\nCooperative Society Registration is compulsory in India under the Cooperative\nSocieties Act, 1912. A Cooperative Society is not a new idea. It conquers in\nall the other countries, and this is almost a universal idea. The Cooperative\nSociety is active in India and all other countries globally, and it is\nrepresented in all the sectors, including food, healthcare, agriculture,\nfinance, etc. The Cooperative Society is formed only to protect the interest of\nweaker sections, and it is a voluntary association of persons whose purpose is\nthe member&#8217;s welfare. Scroll down to check more information regarding <strong><a href=\"https:\/\/swaritadvisors.com\/multi-state-co-operative-society-registration\" class=\"text-primary\">Cooperative\nSociety Registration<\/a><\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b1c13c69e3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b1c13c69e3\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/is-cooperative-society-registration-compulsory\/#Features_of_a_Cooperative_Society\" title=\"Features of a Cooperative Society \">Features of a Cooperative Society <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/is-cooperative-society-registration-compulsory\/#What_are_the_Documents_Required_for_Cooperative_Society_Registration\" title=\"What are the Documents Required for Cooperative Society\nRegistration?\">What are the Documents Required for Cooperative Society\nRegistration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/is-cooperative-society-registration-compulsory\/#What_is_the_Process_of_Cooperative_Society_Registration\" title=\"What is the Process of Cooperative Society Registration?\">What is the Process of Cooperative Society Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/is-cooperative-society-registration-compulsory\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features_of_a_Cooperative_Society\"><\/span>Features of a Cooperative Society <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following\nare the features of Cooperative Society:<\/p>\n\n\n\n<ul><li><strong>Open Membership:<\/strong> When at least ten members with a common interest come together to form a society, then it is known as Cooperative Society. Moreover, the Cooperative Societies Act, 1912 doesn&#8217;t specify any maximum number of members for a society, while the member may specify the maximum number of members after the establishment of the society.<\/li><li><strong>Fosters Service Motive:<\/strong> Unlike other types of organization, these societies don&#8217;t highlight on maximizing the profit, and the primary objective of a cooperative society is to fulfil the common interest of the members.<\/li><li><strong>Voluntary Collaborations:<\/strong> Without the volunteer efforts of members to establish a society, Cooperative Society Registration is not possible. The members have the freedom to leave and join the Cooperative Society at any time by providing a legal notice of the same.<\/li><li><strong>Self-Ruled Management:<\/strong> Every Cooperative Societies must follow all concepts which obstructs dictatorship rule. These societies conduct AGM (<a href=\"https:\/\/en.wikipedia.org\/wiki\/Annual_general_meeting\">Annual General Meeting<\/a>) every year to select BODs (Board of Directors) regardless of how many shares hold by a member, he or she has a single vote only.<\/li><li><strong>Separate Legal Entity:<\/strong> When a company registered under the Cooperative Societies Act, 1992 it automatically becomes a separate legal company or entity. Cooperative Society holds limited liability of all the members in the society. Some examples like death, bankruptcy or insanity of any member of the society will not affect the Cooperative Societies, and also members have the power to enter in an agreement with other to purchase or sell properties.<\/li><\/ul>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-cooperative-society\/\">How to register a Co-operative Society?<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Documents_Required_for_Cooperative_Society_Registration\"><\/span>What are the Documents Required for Cooperative Society\nRegistration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following\nis the list of all the vital document required at the time of registration\nunder the Cooperative Societies Act<strong>:<\/strong><\/p>\n\n\n\n<ul><li>Submit a copy of PAN Card of\nall the members of the designated society along with the application.<\/li><li>Submit a valid residential\nproof of all the society\u2019s members including Passport, Aadhar Card, latest\nUtility Bill, Driving License, and Bank Statement.<\/li><li>Obtain MOA (Memorandum of\nAssociation) which contains the following information and clauses:<\/li><\/ul>\n\n\n\n<ol><li>The significant objectives of\nyour society for which it got created. <\/li><li>Details of all members creating\nthe society.<\/li><li>The registered office address\nof the society.<\/li><\/ol>\n\n\n\n<ul><li>Obtain AOA (Articles of\nAssociation) which must contain the following information<strong>:<\/strong><\/li><\/ul>\n\n\n\n<ol><li>Rules and Regulations which\nwill maintain and manage regular activities of the proposed society.<\/li><li>It will also contain the rules\nfor taking the Cooperative Society\u2019s Membership.<\/li><li>Details regarding the meeting\nthat will be conducted in future.<\/li><li>Auditor\u2019s information.<\/li><li>In case of disputes between the\nmembers of the society, submit Forms of Arbitration.<\/li><li>Ways for the dissolution of the\nsociety.<\/li><\/ol>\n\n\n\n<ul><li>Submit a cover letter which\nmentions the society&#8217;s objective or purpose. Make sure that every founding\nmember of the society must sign the letter.<\/li><li>Submit a copy of the address\nproof where the registered office is situated along with a No Objection\nCertificate (NOC) from the landlord if any.<\/li><li>Deatiled list of all the\nmembers of the governing body along with their signatures.<\/li><li>Submit a declaration by the\npresident of the society which needs to submit along with the application form.\nHe or she must confirm that he or she is willing and competent to hold the\nspecified position.&nbsp;&nbsp; <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Process_of_Cooperative_Society_Registration\"><\/span>What is the Process of Cooperative Society Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If\nan individual wants to apply for Cooperative Society Registration under the\nCooperative Societies Act, 1912, then you have to follow the process as we\nmentioned below:<\/p>\n\n\n\n<ul><li><strong>Step 1:<\/strong> To form such society, it is essential to find ten members who share a common objective and desires to start a society.<\/li><li><strong>Step 2:<\/strong> After that, form a Provisional Committee and elect a Chief Promoter amongst them.<\/li><li><strong>Step 3:<\/strong> All the members should voluntarily select a society\u2019s name.<\/li><li><strong>Step 4:<\/strong> After selecting the society&#8217;s name, you need to apply to the Registration Authority for Name Reservation of your Cooperative Society. You must acquire a confirmation letter for the Name Reservation and also understand that the reserved name is valid for three months.<\/li><li><strong>Step 5:<\/strong> Additional, collect the entrance fees and share capital from all the proposed members of the society.<\/li><li><strong>Step 6:<\/strong> Open a bank account in the society\u2019s name and deposit the entrance fees and share money in the bank account and also obtain a certificate.<\/li><li><strong>Step 7:<\/strong> You have almost completed the process of Cooperative Society Registration. Now, you have to deposit the registration fees with RBI or Reserve Bank of India and then obtain a receipt of challan.<\/li><li><strong>Step 8:<\/strong> Submit the application for Cooperative Society Registration to the Societies Registrar of the municipal ward along with the essential documents.<\/li><li><strong>Step 9:<\/strong> Following your application, the Registrar will enter the details in his register in <strong><em>Form B<\/em><\/strong>. Thus, they will give you a serial number and issue a receipt in acknowledgement of the same.<\/li><li><strong>Step 10:<\/strong> At the end, the Registrar will notify you about the Cooperative Society Registration in the official gazette and issues the registration certificate.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cooperative Society Registration is a step which can help to build a progressive association and strengthen the weaker sections of our society. If you wish to establish such a society, then gather a minimum of ten members that have a mutual goal with you. Then take the assistance of our professionals at <strong><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/\">Swarit Advisors<\/a><\/strong>. We will help you at every step to ease the registration process.<\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/co-operative-society-registration-in-maharashtra\/\">Co-operative Society Registration in Maharashtra<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, Cooperative Society Registration is compulsory in India under the Cooperative Societies Act, 1912. A Cooperative Society is not a new idea. It conquers in all the other countries, and this is almost a universal idea. The Cooperative Society is active in India and all other countries globally, and it is represented in all the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[201],"tags":[352],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2091"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=2091"}],"version-history":[{"count":7,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2091\/revisions"}],"predecessor-version":[{"id":2099,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2091\/revisions\/2099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/2092"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}