Registration Process of Co-operative credit Society
Co-operative credit society is basically registering co-operative credit society is totally depend upon legal documentation and the group of people who have same motive.. The credit co-operative society is one of the co-operative societies and is a part of multi state cooperative society. Credit cooperative society registration is totally depending on the legal documentation and with a group of people who have the same motive. The motive of promoting the economy and financial to the society is key for credit cooperative society. Credit Co Operative is providing credits at a reasonable price and giving financial services to its members. The credit cooperative society registration includes few documents compared to others. Also, these societies do provide loans to their members for their economic and social growths.
If anybody wants to start a co-operative credit society, firstly you have to check the state wise rules and regulation of the co-operative credit society. All most, every state have own rules and regulation. Now a day co-operative credit society is use the software for their work will be easy and this software known as Pat sanstha software, employees co-operative credit society, Gramin bigar sheti society, etc. In this article, we have seen the process and procedure of registering a society.
Any cooperative society has to registered society under in Maharashtra cooperative society act as 1960. For registration member or who want to open co-operative credit society should first apply for the name reservation and then for the registration of cooperative societies. When a society was registered then this registered cooperative society has to submit its bylaws to the registrar approval. A cooperative society has to work as per bylaws. The Registrar has the power to de-register societies under MCS Act 21 / A for registration of any co-operative society.
The actual way of co-operative credit society:
1. Certificates of the bank declaring the credit balance are in support of the credit unions concerned.
Author Signature :
Society registration is very important for co-operative credit society