corporate society

Co-operative Society Registration

What is a Co-operative Society?

A Co-operative Society is a voluntary association formed to promote the economic interests of its members. It operates based on democratic principles, where profits are shared among members and surplus is reinvested into the society’s operations or development.

Why Form a Co-operative Society?

Promotes self-help and mutual help among members
Limited liability of members
Exemptions under Income Tax Act
Democratic management and transparency
Access to government schemes and subsidies

Registration Process

Step 1: Name Selection

Select a unique name and get approval from the Registrar.

Step 2: Draft Rules

Prepare bylaws and objectives of the society.

Step 3: Collect Signatures

Minimum 10 adult members from same locality are required.

Step 4: Submit Application

Submit registration form with affidavits and documentation.

Step 5: Approval

Registrar verifies documents and issues registration certificate.

FAQs

What is the minimum number of members required?

At least 10 adult individuals from the same area are needed to form a Co-operative Society.

What kind of societies can be registered?

You can register housing, credit, agricultural, consumer, and producer societies among others.

Do we need a registered office address?

Yes, a registered address proof is necessary at the time of application.

Can we get government funding?

Yes, registered co-operative societies are eligible for government aid and subsidies based on their sector.