Various development activities in agriculture multi state cooperative society, small industry marketing and processing, distribution and supplies are now carried on through multi state cooperative society. the cooperative society in the State have made an all-round progress and their role in, and contribution to agricultural progress has particularly been significant.

After being barred by the country central bank, the capital market regulator and the Allahabad High Court from raising money from the public, the Sahara group has moved to a new regulatory territory the multi state cooperative societies. Related Stories No Related Stories Found Sahara agents will now peddle several new investment schemes to raise money under the name Sahara Credit cooperative Society.

Though the thread of master and servant relationship continues, yet it is purely imaginary and for all practical purposes except their names appearing on the rolls of the Mill of Multi state cooperative society as it appears in the document. They are neither retrenched nor terminated in accordance with the provisions of Industrial Disputes Act, after expiry of lay off period.

Indemnity under Multi State Cooperative Societies Act, 2002 which substitutes the earlier statute of 1984, facilitates the incorporation of cooperative societies whose objects and functions spread over to several states. The act provides for formation of both primary (with both individual and institutional members) and federal credit cooperative society (with only institutional memberships).

The Government have decided to amend three existing laws the Forward Contracts (Regulation),  definitions in multi state cooperative societies Act, 2002 and the Labour laws Act, 1988 and plans to place proposed amendments with the Parliament in the next session.

Multi state cooperative credit society is an entity Registered as a multi state society by the Central Registrar of Cooperative Society, Ministry of Agriculture, Government of India, New Delhi which is now Ministry of Cooperation. The society has its genesis from the vision of its Chairman Mar Mathew Racal, Bishop of Kanjirapally who had close contacts with aboriginal people of Iuka District while he served in those areas.

The application of a multi state cooperative society duly signed by each of the persons who sign the application. Name of the proposed cooperative society, headquarters and address to be registered. A list of persons who have contributed to the share capital, together with the amount contributed by each of them, and the admission fee paid by them. Area of operation.

This appeal by special leave arises from the judgment and order of the Bombay High Court, Punjabi Bench dated April 26, 1996 made in W.P.No.145 of 1996. It is not necessary to dilate upon the entire controversy that has arisen between the parties.

The settlement of disputes for cooperative society sector, over the years, has made significant contribution to various sectors of national economy and has achieved voluminous growth. However, it has shown weaknesses in safeguarding the interests of the members and fill. Filament of objects for which these institutions were organized.

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 such employees to which shall be credited all contributions made by the employees and the society in accordance with the bye laws of the society. Monies standing to the credit of any contributory provident fund established by a cooperative society under sub-section.