Charge and set-off in capital members of Multi State Cooperative Society

A Charge and set-off in capital members of multi state cooperative society shall have a charge on the share or contribution or interest in the capital and on the deposits of a member or past or deceased member and on any dividend, bonus or profits payable to a member past member or the estate of a deceased member in respect of any debt due from such member or past member or the estate of such deceased member to the society and may set-off any sum credited or payable to a member or past member or the estate of deceased member in or towards payment of any such debt.

Chief Executive of Multi State Cooperative Society

(1) There shall be a Chief Executive of multi state cooperative society , by whatever designation called, of every multi state cooperative society to be appointed by the board and he shall be a full-time employee of such multi state cooperative society.

Register of members of Multi State Cooperative Society

Any Register of members of Multi State Cooperative Society or shares kept by any multi state cooperative society shall be prima facie evidence of any of the following particulars entered therein, namely:
(a) the date on which any person entered in such register or list became a member; and

Central Registrar of multi state cooperative society in delhi

Central Registrar of multi state cooperative society in Delhi

Biscomaun represented a strong appeal to Central Registrar to grant multi state cooperative society status to Biscomaun.

Central Registrar rejected his petition on the ground of an enquiry wherein it was found that Biscomaun has operations confined to only 2 states and hence cannot be given the status of multi state credit cooperative society

Exemption from compulsory registration of instruments in a Multi State Cooperative Society

Nothing in clauses (b) and (c) of sub-section (1) of section 17 of the Registration Act, 1908 (16 of 1908) shall apply to
(a) any instrument relating to shares in a multi state cooperative society, Delhi notwithstanding that the assets of the society consist in whole or in part of immovable property; or

Admissibility of copy of entry in book of Cooperative Society

(l) A copy of any entry in a book of a multi state cooperative society regularly kept in the course of its business shall, if certified in such manner as may be prescribed, be received in any suit or legal proceedings as prima facie evidence of the existence of such entry and shall be admitted as evidence of the matters, transactions and accounts therein recorded in every case where, and to the same extent, as the original entry itself if admissible.

Disqualification for a member of a board in cooperative society

No Disqualification for a member of a board of any multi state cooperative society or nominee of a member society on a national cooperative society shall be eligible for being chosen as, or for being, a member of the board of such multi state society or national co-operative society or of any other cooperative society to which the multi State cooperative society is affiliated, if such member : ( a ) Has been adjudged by a competent court to

Multi state cooperative societies in India

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.

Disposal of net profits of a Multi State Cooperative Society

(l) The Disposal of net profits of a Multi State Cooperative Society shall, out of its net profits in any year,
(a) transfer an amount not less than twenty-five per cent to the reserve fund ;

Funds not to be divided by way of profit of Multi State Cooperative Society

(1) No part of the funds, other than net profits, of a multi state cooperative society shall be divided by way bonus or dividend or otherwise distributed among its members. See the descriptive notes on powers and functions of Chief Executive in multi state cooperative society.