A credit cooperative society from the agribusiness service said to division in participation under the service accepted around 100 provisions for enlistment under the Multi State Cooperative Societies  Act, 2002, a month throughout the November, 2012 to April 2013 period. The same number as 80 for every penny the provisions are for credit helpful social orders. In an ordinary course, just several provisions want such "enrollment".

In India, incorporation of a company is governed by the Companies Act 1956 in multi state society. It is the most important piece of legislation that empowers the Central Government to regulate the formation, financing, functioning and winding up of cooperative society in companies. It applies to whole of India and to all types of companies, whether registered under this Act or an earlier Act.

As far as the balance sheet of multi state cooperative society is concerned, the Board shall lie before the multi state society (a) a balance-sheet as at the end of every cooperative year and (b) a profit and loss account for that year. Is duty of the Board to lie before the multi-state co-operative society, annual general meeting, a balance-sheet as at the end of every nave year and a profit and loss account for that year?

Inspection Books of Indebted Multi State Cooperative Societies or direct some person authorized by him order in writing in this behalf to inspect, the books of the society  Provided that no such inspection shall be made unless the applicant(a) satisfies the Central Registrar that the debt is a sum then due, and that he has demanded payment thereof and has not received satisfaction within a reasonable time; and (b) deposits with the Central Registrar such

Power to remove difficulties in credit cooperative societies in difficulty arises in giving effect to the provisions of the Central Government may, by order published in the Official make such provisions not inconsistent with the provisions of this may appear to be necessary for removing the difficulty provided that no order shall be made under this section fare expiry of two years from the commencement of this Act.

Cooperative bank at the direction of Reserve Bank being an insured bank within the Deposit Insurance and Credit Guarantee Corporation Act, is wound up and the Deposit Insurance Corporation has become to the depositors of the insured bank under sub-section (1) of society that Act, the Deposit Insurance Corporation shall be reimbursed liquidator or such other person in the circumstances, to the extent an manner provided in this Act.

Contributory Provident Fund in cooperative society having such number employees as may be prescribed may establish a contributory fund for the benefit of such employees to which shall be contributions made by the employees and the society in accordance bye-laws of the society.

The main motto of the credit cooperative society is to work towards promoting tendency of savings. In the present scenario when people tend towards 'EARN AND BURN', it is very important to have tendency of savings for developing self sufficiency in finance at individual and social level as well. Let us rebuild nation's glory of the time when it used to be called 'Golden Bird' by promoting savings at village level.

Loans are given mostly on the personal security of the borrower supplemented by the guarantee of two approved sureties. In some credit cooperative society the crops grown by the borrower are taken as additional security and loans are made available according to the progress made in the agricultural operations. Where loans outstanding are in arrears or borrowings are larger than the normal credit cooperative society limit, the borrower may be required to give collateral security in the form of mortgage of his immovable property.