Multi state cooperative society | multi state cooperative society | Scoop.it

Types of multi state cooperative societies and requirements: -

A multi state cooperative society is of various types- Credit, Housing, Farming, Transport, Medical 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 two states each. There can be more than 50 members too however each additional state requires a minimum of 50 members from that state. These first fifty members are normal members who have voting right and to whom shares are set aside. The 2nd category of members are nominal members to whom shares are not allocated, who do not have ballot right and who never take part in any of the basic body conferences.