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Credit Co-Operative Society

  • No objection Certificate by Client
  • Accurate buy-laws.
  • Free advisory on call.
  • Drafting of Application
  • Close follow-ups

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Multi-State Co-operative Society

Under Multi State Cooperative Societies ACT, 2002, multi-state cooperative societies are required to be registered. It must be for the needs of society to serve members ' interests in more than one State. Group of individuals form multi-state co-operative societies in order to facilitate their economic and social development and to provide functional autonomy.

Types of a Multi-State Co-operative Society

  • Credit co-operative society
  • Housing co-operative society
  • Agriculture co-operative society
  • Marketing co-operative society

Register a Multi State Credit Co-operative Society

  • Four copies of Model Bye-Laws
  • Intensive inquiry letters for NOC
  • Promoter members list
  • Minimum 7 board members and maximum 21 board members
  • Minimum 50 members from each state at least two states.
  • Pre-registration meetings resolution copy (about board, capital, members, operations)
  • Proposed name of your multi-state cooperative society
  • Head office address to be registered
  • The Bank's certificate stating the credit balance in favor of the proposed multi-state credit co-operative society
  • A detailed plan that will support the credit cooperative society for the social and economic development of its members and the community as a whole.

Raise Fund in a Multi-State Credit Co-operative Society

  • In a financial year, a multi-sate cooperative society may accept deposits not exceeding ten times the paid up share capital and net reserves.
  • A multi-state cooperative society may issue non-convertible debentures up to 25% of its paid-up share capital. 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 fund raise through the allotment of equity shares.

Cash Application

We will clarify that for all customer transactions we have a process in place to seek guidance on remittances. We record and apply all payments received in bank via ACH, wire or Check to the related invoices.

Govind

Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

Govind

Delhi

Niketan123

Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

Niketan123

Delhi

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