Management of a Multi State Cooperative Society: -.

No part of the funds, multi state cooperative society other than net profits of a multi state cooperative society shall be divided by method of reward or dividend or otherwise dispersed amongst its members. In case of multi state cooperative societies which do not have share capital, the surplus of income over expense will not be treated as net earnings and such surplus…

Kinds of multi state cooperative societies and requirements: -

A multi state cooperative society is of various types- Credit, Housing, Farming, Transportation, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Customer and Multi Purpose Co-operative Society. The basic formalities for forming this society is to arrange a minimum of 50 members from 2 states each. There can be even more than 50 members too however each additional state needs…

Simply for example in a credit cooperative society, if the society wants to make any scheme like gold loan,

auto loan, dealt with deposit loan, double deposit plan, triple deposit plan or any unique plan, the society has

to offer a prior 15 days see to all its members by rate post, paper publication and so on. After 15 days, the

general body meeting is performed. The conference can only occur if the quorum is one-fifth of the total

members present and voting…