What is multi-state cooperative?
Sophia Vance An Act to consolidate and amend the law relating to co-operative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of co-operatives as people’s institutions based on self-help and mutual aid and …
What is a Multi-Purpose Co-operative?
multi-purpose cooperative-combines 2 or more of the business activities of these different types of cooperatives, e.g credit lending and production, production and provision of goods and services, etc.
Who can be appointed as auditor of Multi-state Co-operative Society?
(5) Where at an annual general meeting no auditors are appointed or re-appointed, the Central Registrar may appoint a person to fill the vacancy. (b) if the board fails to exercise its powers under this sub-section, the multi-State co-operative society in the general meeting may appoint the first auditor or auditors.
Which act applicable for the multistate cooperative societies?
Amendment of bye-laws of a multi-State co-operative society. Section 12. When amendment of bye-laws comes into force. Section 13….Language.
| Act ID: | 200239 |
|---|---|
| Short Title: | The Multi-State Co-operative Societies Act, 2002 |
What are the benefits of multi-State cooperative society?
It serves the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of cooperatives as people’s institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters …
Who controls cooperative society?
1.1 Constitution and governing laws As the vast majority of co-operative societies are operating only in one State, the State Government and the Registrar of Co-operative Societies appointed by the State are the main regulatory authorities for the co- operative societies.
Who can do audit of cooperative society?
The appointment of an Auditor is done by Registrar of Co-operative Societies. The Auditor conducts his audit on behalf of the Registrar. The Audit fees is paid by co-operative society according to the statutory scale of fees prescribed by the Registrar in this regard according to the category of society.
