Liability of a multi state cooperative society is a very vital point with reference to MSCS Act, 2002 and rules made there under. You can see the complete information on this blog url on liability.

The legislature has allowed a co-operative society certain privileges to boost the concept of co-operative and to attract more and more people to work within the framework of co-operative principle. In short these are:

Corporate Bodies :-

Generally, the quorum for any type of general body meeting in a cooperative society registered under MSCS Act, 2002 is 1/5^th of the total number of ordinary members. Out of those 1/5^th ordinary members, at least 2/3^rd should vote in favour for amendment of society and at least 1/2^nd for any successful resolution. The cooperative society cannot start the meeting unless and until the requisite quorum is complete.

Generally, a multi state housing society works on a no profit and no loss basis. A housing society in India is a group of house owners that reside in the same area, apartments or buildings forming relevant laws for consistent functioning of amenities and utilities provided for those members who are living in that locality. The fundamental housing societies composition in India are really humble. Based on the report of Times of India, most of the Indian residents have per capita space of equivalent to 10 feet by ten feet every living room or even lower.

(1) Subject to the provisions of under the Act, 2002 and any other law for the time being in force, a federal co-operative may discharge the functions to facilitate the voluntary formation and democratic functioning of cooperative societies as federal cooperative or multi state cooperative society in delhi based on self-help and mutual aid.
(2) Without prejudice to the generality of the provisions contained in sub section (1), the federal cooperative may
(a) ensure compliance of the co-operative principles;

No member, other than the authorities referred to in clauses (c) to (g) of sub-section (1) of section 25 of a Multi State Cooperative Society or a cooperative society, shall hold more than such portion of the total share capital of the society (in no case exceeding one-fifth thereof) as may be prescribed in the rules or bye-laws of such multi state cooperative society-(a) The Central Government may appoint a person to be the Central Registrar of Co-operative Societies and

Every member of a Manner of exercising vote of members of multi state cooperative society shall exercise his vote in person and no member shall be permitted to vote by proxy Provided that a multi state Cooperative society or a cooperative society or any other institution which is a member of any other multi state cooperative societies to the provisions of Sub-section (3) of section 38 and the rules, appoint its representative to vote on its behalf in the affairs of such a

Credit cooperative societies are the oldest Rural Financial Institutions(RFI) in our country. These member driven institutions have the widest network covering every state and union territory in the country. From the beginning, separate institutions under the cooperative fold were created to cater to the long term and short term credit needs of the members.

The credit cooperative society is used by the member borrower for the betterment of his/ her personal and/ or professional life. This is used for self employment projects that generate income, allowing them to care for themselves and their families.

Credit Cooperative Societies are flourishing over a period of years with the state support, the cooperatives have craved out a formidable niche for themselves in various fields of economy like rural credit and banking, fertilizers, sugar, dairy etc. There are at present 4.9 lakh Cooperative Societies engaged in diverse business activities with a membership of over 200 million. They have 100% villages and 67% of rural house holds.