Nirmaan -
Formation of Societies
The basic guidelines for the formation of Co-operative
society in Maharashtra State are as follows
1.There should be
at least ten persons or more as the Registrar may determine from
time to time.
2.These persons should be from different families
3. These persons should be competent to enter into a
contract under the Indian contracts Act 1872
4. He should reside in the area of operation of the
Society.
5. He should
be eligible as per the bye-laws of the proposed Society.
6. Any individual, firm, company or any other body
corporate can become member of the Society.
Any Society registered under this Act or Societies
registration Act 1860,
State & Central Government , Public Trust, local
authority
7. The object of the Society should be promotion of
economic interests or general welfare of the members or the
public, in accordance with the co-operative principles.
8. It should be economically sound, its registration should
not affect adversely on the development of the co-operative
movement
- Its registration should not be contrary to the policy
directives of the State government.
Procedure of Formation of a
Co-operative Society :
Willing , eligible persons should come together and conduct a
meeting. This meeting will decide the name of the proposed
Society, its object and bye-laws and then elect a Chief Promoter
authorising him to sign the necessary documents on behalf of the
promoter members and open a bank account in the name of the
proposed Society after obtaining the necessary permission from
the Registrar.
The Chief Promoter will apply to the Registrar for
reservation of name of the Society of the proposed society and
permission to collect share-capital.
He will then deposit the collected share money in the bank
account of the proposed Society.
The application for Registration has to be made in FORM-A
. The promoters have to give four copies of Form-A to the
Registrar alongwith copies of bye-laws and necessary documents
depending on the type of the Society. This has to be done only
after receiving the name reservation from the Registrar and
after collection of the necessary share capital.
The application for registration should be accompanied with
the Scheme showing economic feasibility of the proposed Society,
bank balance certificate, list of persons who have contributed
to the share-capital and the entrance fee of the proposed
Society.
The prescribed Registration Fees have to be paid into the
Government Treasury.
Copy of the document authorising any person to sign the
application on behalf of a partnership firm, Company or other
body corporate
This procedure is common for all the Societies to be
registered in Maharashtra State.
