Inquiry of multi state cooperative society by Central Registrar

The auditor report shall be read before the Multi State Cooperative Society in the general meeting and shall be open to inspection by any member of the multi state cooperative society.

(1) Every auditor of a Multi state cooperative society shall have a right of access at all times to the books, accounts and vouchers of the multi state cooperative society, whether kept at the head office of the multi state cooperative societies or elsewhere, and shall be entitled to require from the officers or other employees of the multi state cooperative Society such information and explanations as the auditor may think necessary for the performance of his duties as an auditor.(2) Without prejudice to provisions of sub-section (1), the auditor shall inquire,

Conversion of Producer Company into MSCS The Companies (Amendment of Multi State Cooperative Society) Act 2002 vides notification no. S.O. 135 (E) inserted part IX – A of the Companies Act, 1956 (hereinafter referred to as “the Act”) and introduced the concept of Producer Company[1].

(1) Contributory provident fund established by Multi State Cooperative Society in the subject to the provisions of the Employees Provided Fund and Miscellaneous to be Provisions Act, 1952 (19 of 1952), a Multi state cooperative society having such number or class of employees as may be prescribed, may establish a contributory provident fund for the benefit of its employees to which shall be credited all contributions made by the employees and the society in accordance with the bye-laws of the society.

Multi state cooperative society in India are types of associations that take care of its members. These are the associations that are helpful in avoiding the layers of middle level men in any products. The first and foremost effect of this organization is to provide cheap credit to the farmer and protect them from the exploitation. The money lenders are the people who suck all the energy of the farmers and leave them in the darkness of poverty.

(1) Every appointment and remuneration of auditors for Multi State Cooperative Society shall cause to be audited by an auditor referred to in sub-section (2), its accounts at least once in each year.

No multi state cooperative society shall make a contribution, either in money or in kind, whether directly or indirectly, to an institution which has an object of furtherance of the interest of a political party. You can contribute to a traditional or Both IRA whether or not you participate in another retirement plan through your employer or business. However, you might not be able to deduct all of your traditional IRA contributions if you or your spouse participates in another retirement plan at work.

Restriction on other transactions with non-members of multi state cooperative society save as provided in sections 66 and 67, the transaction of a multi state cooperative society with any person other than a member, shall be subject to such prohibitions and restrictions, if any, as may be specified in the bye-laws of the multi state cooperative societies Act, 2002.

Investment of funds of a Multi State Cooperative Society may invest or deposit its funds
(a) in a cooperative bank, state co-operative bank, cooperative land development bank or Central co-operative bank; or
(b) in any of the securities specified in section 20 of the Indian Trusts Act, 1882 (2 of 1882); or