co-operative societies
2 views | +0 today
Follow
co-operative societies
Defination of a multi state cooperative society: - A multi state cooperative society is registered from the center i.e. Delhi. The co-agent social orders, with short articles not kept to one state and serving the hobbies of parts in more than one state for social and budgetary renovation of its parts with self renovation and common aid as per the co-agent standards 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, Farming, Transport, Healthcare facility, 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. Duty 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 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 obligatory to keep 2 ladies and 1 extra member who belongs to Scheduled Caste or to Scheduled People in the primary governing body list. Till today, there are 900-950 Multi State Cooperative Societies out of which maximum are credit. The governing body members participate in yearly basic body conferences, unique general body conferences, resolutions, notification, quorums and so on . Simply for example in a credit cooperative society, if the society wishes to make any scheme like gold loan, vehicle loan, taken care of deposit loan, double deposit plan, triple deposit strategy or any unique plan, the society needs to provide a prior 15 days discover to all its members by speed post, newspaper publication and so on. After 15 days, the basic body conference is conducted. The conference can only happen if the quorum is one-fifth of the overall members present and voting throughout the resolution. The trademarks of the governing body members along with regular members present and voting are absorbed the minutes book and preserved for future records. The special basic body meeting can be performed by providing a notice of a minimum of 7 days. A society needs to carry out a minimum of 4 basic body meetings in every monetary year. In every financial year, the society must employ a chartered accountant in a general body meeting by passing a resolution. This CA takes care of the accounts of the society and files the balance sheets and tax return. The societies except Credit, Housing and Multi Function can gather money from its members on the basis of shared allocation and advance. They can give dividends to their members on shares and commissions on advance. As per the rules of MSCS Act 2002, a person already being a member of a society can not be a member of a multi state cooperative society of the same type. Management of a Multi State Cooperative Society: -. The elections of the cooperative society is held first time within six months from the date of its registration. After that the elections are carried out at every 5 years. A President can stay as a Head of state for two successive times however the third time, the Head of state has to alter. No part of the funds, other than net profits of a multi state cooperative society will be divided by method of bonus offer or dividend or otherwise dispersed among its members. The net earnings of the multi mention society will be calculated by subtracting from the gross profit for the year, all interest accumulated, and accruing in relation to quantities which are past due, facility charges, interest payable on loans and deposits, audit costs, working expenses consisting of repairs, rent, taxes and depreciation, bonus offer payable to staff members under the law connecting to payment of incentive for the time being in force, and equalization fund for such reward, arrangement for repayment of income-tax and making approved donations under the Income Tax Act 1961, development rebate, provision for development fund, bad financial obligation fund, rate variation fund, dividend equalization fund, share capital redemption fund, financial investment fluctuation fund, share capital redemption fund, investment change fund, provision for retirement advantages to workers and after offering or writing off bad debts and losses not adjusted against any fund created out of revenue. The condition is that such society may add to the net revenues for the year interest accrued in the preceding years, but recovered during the year. Address:Crystal Vision,45B,Hasanpur Main Road,1st Floor,I.P. Extension,Patparganj,Delhi-110092. Contact:011-43557608, 011-22235922,
Your new post is loading...
Your new post is loading...
Scooped by sanjeetkumaryadav
Scoop.it!

Multi state cooperative society

Multi state cooperative society | co-operative societies | Scoop.it
Multi state cooperative society. services classified ads. small business ads classified ads.
sanjeetkumaryadav's insight:

A multi state cooperative society is of different kinds- Credit, Housing, Agriculture, 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 two states each. There can be even more than 50 members too however each additional state needs a minimum of 50 members from that state. These first fifty members are common members who have ballot right and to whom shares are set aside. The second category of members are nominal members to whom shares are not set aside, who do not have voting right and who never take part in any of the basic body meetings.

more...
No comment yet.
Scooped by sanjeetkumaryadav
Scoop.it!

Multi state cooperative society

Multi state cooperative society | co-operative societies | Scoop.it
sanjeetkumaryadav's insight:

A multi state cooperative society is of different types- Credit, Housing, Farming, Transport, Medical facility, Sugar, Stores, Fishery, Handloom, Labor, Customer and Multi Function Co-operative Society. The basic formalities for forming this society is to organize at least 50 members from two states each.

more...
No comment yet.
Scooped by sanjeetkumaryadav
Scoop.it!

sanjeet kumar - Google+

sanjeet kumar - Google+ | co-operative societies | Scoop.it
sanjeet kumar n'a partagé aucun contenu avec vous sur cette page.
sanjeetkumaryadav's insight:

A multi state cooperative society is signed up from the center i.e. Delhi. The co-agent castes, with articles not kept to one state and serving the hobbies of parts in more than one state for social and budgetary enhancement of its parts through self improvement and usual assistance as per the co-agent standards are recognized as Multi State Cooperative Societies.

more...
No comment yet.
Scooped by sanjeetkumaryadav
Scoop.it!

sanjeet kumar - Google+

sanjeet kumar - Google+ | co-operative societies | Scoop.it
sanjeet kumar n'a partagé aucun contenu avec vous sur cette page.
sanjeetkumaryadav's insight:

A multi state cooperative society is of different kinds- Credit, Housing, Agriculture, Transportation, Medical facility, Sugar, Stores, Fishery, Handloom, Labor, Customer and Multi Purpose Co-operative Society. The basic formalities for forming this society is to arrange at least 50 members from two states each.

more...
No comment yet.
Scooped by sanjeetkumaryadav
Scoop.it!

Multi state cooperative society, Delhi

Multi state cooperative society, Delhi | co-operative societies | Scoop.it
Defination of a multi state cooperative society: - A multi state cooperative society is signed up from the center i.e. ... view this ad now!
sanjeetkumaryadav's insight:

A multi state cooperative society is of various kinds- Credit, Housing, Farming, Transport, Medical facility, Sugar, Stores, Fishery, Handloom, Labor, Consumer and Multi Purpose Co-operative Society. The basic formalities for forming this society is to arrange at least 50 members from two states each. There can be even more than 50 members as well however each extra state requires a minimum of 50 members from that state. These first fifty members are average members who have ballot right and to whom shares are set aside. The 2nd category of members are nominal members to whom shares are not set aside, who do not have voting right and who never ever participate in any of the basic body meetings.

more...
No comment yet.