Credit Co-Operative Society
Credit Co-Operative Society
What is a multi-state co-operative society?
Multi-state co-operative societies are required to be registered under Multi State Cooperative Societies ACT, 2002. With objects of the society must be for serving the interests of members in more than one State. Multi-sate co-operative societies are formed by the group of individuals to promote their economic and social betterment and to provide functional autonomy.What are the types of a multi-state co-operative society?
- Credit co-operative society.
- Housing co-operative society.
- Agriculture co-operative society.
- Marketing co-operative society.
How to Register a Multi-State Credit Co-operative Society?
- Model Bye-Laws (four copies).
- Intensive inquiry letters for NOC.
- List of Promoter members.
- Min 7 board members and maximum 21 board members.
- Minimum 50 members from each state at least two states.
- Copy of pre-registration meetings resolution (about board, Capital, members, operations, i.e.).
- Proposed name of your multi-state cooperative society.
- Head office address to be registered.
- A certificate from the Bank stating the credit balance in favor of the proposed multi-state co-operative society.
- A detailed plan that how co-operative society will be beneficial for the social and economic betterment of its members and community as a whole.
Can we Raise fund in a multi-state co-operative society?
- A Multi-sate co-operative society can accept deposits not more than the ten times of the paid up share capital and net reserves in a financial year.
- A multi-State co-operative society can issue non-convertible debentures to the extent of twenty-five per cent of its paid-up share capital.
- A raise fund thru allotment of equity shares.
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FAQs For Private Limited Company Registration
The name should be unique, catchy and it must have a related meaning to you. the name of Company should also relate business Activity of the Company, however, any name may be prefer for register of a Private Limited Company subject to propose name has not already been taken by someone else. It may note that the name of the Company must also be legal as per the provisions of the Companies Act, 2013 and rules made thereunder.
Yes, It is mandatory to have at least two Directors and two members (both can be same) to register Private Limited Company in India. One Director must be resident of India.
It is not entirely correct, although there is no government fee to register a Private Company but there is always required to pay stamp duty to register a Company in India which vary from state to state.
Director identification number (DIN) is unique identification number allotted by registrar of Companies (ROC) to the person willing to be Director of a Company. Digital Signature Certificate (DSC) is a digital sign which are required to signed forms to be filed with MCA or ROC.
No, you are not required to have a proper office since a Company can be register at your residential address, it only required an address proof like utility bill, gas bill, telephone bill or water bill.
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