If the Committee of the multi state cooperative intends to member from the membership of the cooperative society for the reasons that such has been persistently defaulting in payment of his dues or the payment .

A cooperative society admit joint members based upon the declaration made by the person whose name first in the share certificate stating that only first person shall have right to vote other rights shall be enjoyed jointly, and shares and liabilities will be borne joint severally by all the members. In ease of group housing/house building society, membership shall be restricted to only person in first degree blood relations (i.e.

Definition of a multi state cooperative society: -

Once in every registration of society act on or before the fourteenth day succeeding the day on which, according to the rules of the society, the annual general meeting of the societies is held, or, if it rules do not provide for an annual general meeting, in the months of January, list shall be filed with the Registrar of Joint Stock Companies, of the names, addresses and occupations of the governors, council, director, committee, or other governing body th

The multi state cooperative society act is formed to consolidate and amend the law relating to cooperative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of cooperatives as people’s institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters connected therewith or incidental thereto.

The registrar of cooperative society appointed by the Lt.Governor, Delhi under Delhi Cooperative Societies Act, 2003, heads the Cooperative Department and plays a pivotal role in monitoring the functioning of Cooperative Societies registered under the Act. The Lt.Governor also appoints other persons to assist the Registrar and has designated them as Joint Registrar, Deputy Registrar, Assistant Registrar and other field/ministerial staff.

Credit cooperative societies and Banks. These consist of agriculture multi state cooperative society, multi purpose societies, and a land. Mortgage bank, non-agricultural credit societies such as urban co-operative banks, salary earners' societies, etc., and a district central co-operative bank.

A cooperative society is a legal entity. It is a corporate body distain members and cannot act itself. The aims and objects of the society have to be through some of the members to whom the management of the society is a body to which the management is entrusted is called the committee or the multi state cooperative society. A Committee or the governing body may be general body in terms of bye-laws of the society or in certain circumstance appointed or constituted by the Government.

A registrar of co-operative society may need funds for satisfactorily carrying out its objects and it may than the paid up share capital of the society. In order to raise additional funds the society it may raise funds by issue of debentures and bonds if such issue is under the bye-laws.

Cooperative society

The cooperative society which obtains any part of its working capital by maintaining such liquid resources in such form as may be specified by the Reserve India in case of urban thrift and credit bank or a financing bank.