What is Co-Operative Society?

A cooperative society is like a special group where people come together to help each other out. Instead of trying to make a big profit, the main goal is to support each other’s needs. It’s kind of like a team where everyone works together and shares the rewards. For example, farmers might form a cooperative to buy seeds and equipment at a lower cost, and then they share the crops they grow.

In a cooperative society, all the members have a say in how things are run. They get to vote and make decisions together, so it’s fair for everyone. The idea is to work as a team to make life better for all the members, whether it’s about farming, buying, selling, or any other kind of business.

Application Requirements for Co-Operative Society Registration

• Minimum Members: You must have at least 7 people who want to be part of the society.
• Common Goals: All members should have similar goals related to doing good things for the community, like social, cultural, charitable, literary, or scientific work. It’s not about making money.
• Non-Profit Focus: The main purpose of the society should be to help the community, not to make a profit.
• Location: The society needs to be set up in a specific area, as determined by the government.
• Legal Ability: All members should be legally able to make agreements and start an organization.

Documents Needed to Register a Co-Operative Society

• ID Proofs: Everyone’s PAN Card and some kind of residential proof like Aadhaar Card, Passport, or Utility Bills.
• Memorandum of Association: This is an important paper that includes the society’s name, address, and what it’s going to do.
• Rules & Regulations: At least 3 people from the governing board have to sign this document.
• Office Address Proof: You’ll need to show where your society will be based, and if it’s rented, you’ll need a No Objection Certificate from the landlord.
• List of Members: You have to make a list of all the people who will be in charge and get their signatures.
• Covering Letter: This is a letter that explains why you’re setting up the society.
• Declaration: The person who will be the President has to say that they’re ready and suitable for the job.