Registrar of cooperative in Delhi State cooperative Act, 1972 provides that a Cooperative society shall, out of it’s net profit in any year, credit such portion of the profit not exceeding 5% as may be prescribed to the Cooperative Education Fund Constituted under the Rules. Rule 80 lays down that every cooperative society shall credit a sum calculated at 2% of its net profit, Subject to a maximum of Rs. 2500/- every year for contribution to the Cooperative Education Fund to be Administered by the Registrar.

Every credit society shall devise such procedure, as may be specified in the bye-laws or in the administrative instructions of such society, for the association of the representatives of employees of such level or bodies as may be specified in the bye-laws or the instructions issued in this regard, in the management decision making process.

Annual general meeting of general body of Multi state cooperative society (l) The board of all the multi state cooperative societies shall within such period as may be prescribed, and not later than six months after the close of the corresponding year, call the annual general meeting in the manner prescribed for the purpose of -
(a) consideration of the audited statement of accounts;

The multi state cooperative society in Delhi with objects not confined to one state and serving the interests of members in more than one state for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles are considered Multi-State Co-operative society.

A multi state cooperative society registration under the Central Act cannot takeover a cooperative society registered under a State Act, held the Gujarat High court, early this week.

Any group of persons can form Funds Management in cooperative society of their own if they so like to act jointly for the common benefit of each other. But that is not the legal way of formation the cooperative society. All societies must be formed under the Cooperative Societies Act, 1912 or under the relevant state cooperative laws.

Under the Directorate of the Registrar of Cooperative Society in Delhi there are 19 Cooperative Divisions - one each at the headquarters of the 13 rest while undivided Revenue Districts headed by a Deputy Registrar of Cooperative Societies and 58 Cooperative Circles, each headed by an Assistant Registrar of Cooperative Societies.

Notwithstanding anything contained in the Registrar and registration of multi state cooperative society rules and without prejudice to the generality of the powers of the Central Government in sub-section(1) of the section 35, the election of the members of the board of directors of national cooperative societies specified in the Second Schedule to the Act and such other multi-State cooperative societies or class of multi-State c

A primary credit cooperative society is any cooperative society other than a primary agricultural credit society. Its principal business is transaction of banking business and its paid-up share capital and reserves are less than Rs 1 laky. Section 7 of the Banking Regulation (BR) Act prohibits use of words banks, banking by any cooperative society other than a cooperative bank. But a subsection to Section 7 clearly says that the above prohibition shall not apply to a primary credit society.

Cooperative society registration

For cooperative society registration in Delhi, you should be well acquainted about the rules and regulations. For example, in case of Odisha, there are 19 Cooperative Divisions each one at the headquarters of the 13 erstwhile undivided revenue districts governed by a Deputy Registrar of Cooperative Societies and 58 Cooperative Circles, each governed by an Assistant Registrar of cooperative societies.