Incorporation of employee co-operative society
This query is : Resolved
10 October 2011
Dear Friends,
Here is a Pvt Ltd company.
It want to establish a Employee Society with the core objective of providing financial assistancce in the form of interest free loan to its employees for their personal needs..
For this, monthly contributions will be received from all employees..
Kindly guide me with respect to:
A)Applicability of relavant act;
B)Required form and other formalities;
C)Office in which i need to approach;
Waiting for your kind reply friends..
Thanks,
Krishna Chaitanya
Here is a Pvt Ltd company.
It want to establish a Employee Society with the core objective of providing financial assistancce in the form of interest free loan to its employees for their personal needs..
For this, monthly contributions will be received from all employees..
Kindly guide me with respect to:
A)Applicability of relavant act;
B)Required form and other formalities;
C)Office in which i need to approach;
Waiting for your kind reply friends..
Thanks,
Krishna Chaitanya
12 October 2011
a) Co-operative Societies Act of the concerned State.
b)& c) contact the Registrar/Sub-Registrar or co-operative societies. They will guide you in registration.
b)& c) contact the Registrar/Sub-Registrar or co-operative societies. They will guide you in registration.
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14 October 2011
Dear Sir,
Kindly advice me with regard to Proforma of Bye laws, MOA for registration of the Society..
Thanks
Kindly advice me with regard to Proforma of Bye laws, MOA for registration of the Society..
Thanks
14 December 2011
Dear Friends,
Kindly help for proforma of Byelaws, MOA for registration of Multi State Co-operative Socicety.
Thanks
Kindly help for proforma of Byelaws, MOA for registration of Multi State Co-operative Socicety.
Thanks
31 July 2024
Sure! Below are the proforma for the Memorandum of Association (MOA) and the Bye-Laws for the registration of a Multi-State Co-operative Society.
### **Memorandum of Association (MOA) for a Multi-State Co-operative Society**
---
**Form No. 1**
**Memorandum of Association of [Name of the Multi-State Co-operative Society]**
1. **Name of the Society:**
- The name of the society shall be **[Name of the Co-operative Society]**.
2. **Address of the Registered Office:**
- The registered office of the society shall be situated at **[Complete Address]**.
3. **Area of Operation:**
- The area of operation of the society shall extend to the States of **[List States]** and the Union Territory of **[List Union Territories, if applicable]**.
4. **Objects of the Society:**
- The objects for which the society is established are as follows:
a. To promote economic interest and welfare of its members by organizing their production, processing, marketing, and distribution of their agricultural and non-agricultural produce.
b. To facilitate credit and other financial services to its members through cooperative banking and other means.
c. To undertake activities related to the development of the agriculture and rural economy, including the provision of inputs, technology, and extension services.
d. To provide technical assistance and consultancy services to other co-operative societies and organizations.
e. To undertake any other activity as may be necessary for the advancement of the interests of its members and the objectives of the society.
5. **Liability:**
- The liability of the members is limited.
6. **Share Capital:**
- The authorized share capital of the society is **[Amount in Words and Figures]** divided into **[Number of Shares]** shares of **[Value per Share]** each.
7. **Subscribers to the Memorandum:**
- The names, addresses, and occupations of the subscribers to the memorandum are as follows:
1. **Name:** [Subscriber 1 Name]
**Address:** [Subscriber 1 Address]
**Occupation:** [Subscriber 1 Occupation]
**Signature:**
2. **Name:** [Subscriber 2 Name]
**Address:** [Subscriber 2 Address]
**Occupation:** [Subscriber 2 Occupation]
**Signature:**
3. **Name:** [Subscriber 3 Name]
**Address:** [Subscriber 3 Address]
**Occupation:** [Subscriber 3 Occupation]
**Signature:**
- **Dated this [Day] of [Month], [Year].**
---
### **Bye-Laws of [Name of the Multi-State Co-operative Society]**
---
**Form No. 2**
**Bye-Laws of [Name of the Co-operative Society]**
1. **Name and Address of the Society:**
- The name of the society is **[Name of the Co-operative Society]** and its registered office is situated at **[Complete Address]**.
2. **Objectives:**
- The objectives of the society are to [State the objectives in detail as mentioned in the MOA].
3. **Membership:**
a. **Eligibility:**
- The membership of the society shall be open to individuals, cooperative societies, and other entities as specified in the objectives.
b. **Application for Membership:**
- Every applicant for membership shall submit a written application in the prescribed form to the society.
c. **Admission of Members:**
- The Board of Directors shall approve the admission of members based on the criteria laid down by the society.
4. **Shares and Membership Fee:**
a. **Share Capital:**
- The authorized share capital of the society is **[Amount]** divided into **[Number of Shares]** shares of **[Value per Share]** each.
b. **Subscription:**
- Every member shall subscribe to at least one share of **[Value]**.
5. **General Body:**
a. **Composition:**
- The General Body shall consist of all the members of the society.
b. **Meetings:**
- The General Body shall meet at least once a year. A special meeting may be called by the Board or on the request of not less than one-third of the members.
6. **Board of Directors:**
a. **Composition:**
- The Board of Directors shall consist of [Number] members elected by the General Body. The tenure of the directors shall be [Duration].
b. **Meetings:**
- The Board shall meet at least [Frequency]. The quorum for the Board meeting shall be [Quorum Details].
7. **Powers and Functions of the Board:**
a. The Board shall have the powers to:
- Manage the affairs of the society.
- Approve budgets and financial statements.
- Appoint staff and fix their remuneration.
8. **Accounts and Audit:**
a. **Books of Accounts:**
- The society shall maintain proper books of accounts as per the provisions of the Act.
b. **Audit:**
- The accounts of the society shall be audited by an auditor appointed by the General Body.
9. **Amendments to the Bye-Laws:**
- The bye-laws may be amended by a resolution passed by a two-thirds majority of the members present at a General Body meeting.
10. **Dissolution:**
- The society may be dissolved by a resolution passed by a three-fourths majority of the members present at a General Body meeting.
11. **Miscellaneous Provisions:**
a. **Bank Account:**
- The society shall maintain a bank account in its name with any scheduled bank.
b. **Seal:**
- The society shall have a common seal which shall be affixed to documents as authorized by the Board.
---
**Signed by Subscribers:**
1. **Name:** [Subscriber 1 Name]
**Signature:**
2. **Name:** [Subscriber 2 Name]
**Signature:**
3. **Name:** [Subscriber 3 Name]
**Signature:**
---
These documents should be carefully drafted to ensure compliance with the relevant laws and regulations. It's advisable to consult with a legal expert or a professional specializing in cooperative law for precise drafting and submission.
### **Memorandum of Association (MOA) for a Multi-State Co-operative Society**
---
**Form No. 1**
**Memorandum of Association of [Name of the Multi-State Co-operative Society]**
1. **Name of the Society:**
- The name of the society shall be **[Name of the Co-operative Society]**.
2. **Address of the Registered Office:**
- The registered office of the society shall be situated at **[Complete Address]**.
3. **Area of Operation:**
- The area of operation of the society shall extend to the States of **[List States]** and the Union Territory of **[List Union Territories, if applicable]**.
4. **Objects of the Society:**
- The objects for which the society is established are as follows:
a. To promote economic interest and welfare of its members by organizing their production, processing, marketing, and distribution of their agricultural and non-agricultural produce.
b. To facilitate credit and other financial services to its members through cooperative banking and other means.
c. To undertake activities related to the development of the agriculture and rural economy, including the provision of inputs, technology, and extension services.
d. To provide technical assistance and consultancy services to other co-operative societies and organizations.
e. To undertake any other activity as may be necessary for the advancement of the interests of its members and the objectives of the society.
5. **Liability:**
- The liability of the members is limited.
6. **Share Capital:**
- The authorized share capital of the society is **[Amount in Words and Figures]** divided into **[Number of Shares]** shares of **[Value per Share]** each.
7. **Subscribers to the Memorandum:**
- The names, addresses, and occupations of the subscribers to the memorandum are as follows:
1. **Name:** [Subscriber 1 Name]
**Address:** [Subscriber 1 Address]
**Occupation:** [Subscriber 1 Occupation]
**Signature:**
2. **Name:** [Subscriber 2 Name]
**Address:** [Subscriber 2 Address]
**Occupation:** [Subscriber 2 Occupation]
**Signature:**
3. **Name:** [Subscriber 3 Name]
**Address:** [Subscriber 3 Address]
**Occupation:** [Subscriber 3 Occupation]
**Signature:**
- **Dated this [Day] of [Month], [Year].**
---
### **Bye-Laws of [Name of the Multi-State Co-operative Society]**
---
**Form No. 2**
**Bye-Laws of [Name of the Co-operative Society]**
1. **Name and Address of the Society:**
- The name of the society is **[Name of the Co-operative Society]** and its registered office is situated at **[Complete Address]**.
2. **Objectives:**
- The objectives of the society are to [State the objectives in detail as mentioned in the MOA].
3. **Membership:**
a. **Eligibility:**
- The membership of the society shall be open to individuals, cooperative societies, and other entities as specified in the objectives.
b. **Application for Membership:**
- Every applicant for membership shall submit a written application in the prescribed form to the society.
c. **Admission of Members:**
- The Board of Directors shall approve the admission of members based on the criteria laid down by the society.
4. **Shares and Membership Fee:**
a. **Share Capital:**
- The authorized share capital of the society is **[Amount]** divided into **[Number of Shares]** shares of **[Value per Share]** each.
b. **Subscription:**
- Every member shall subscribe to at least one share of **[Value]**.
5. **General Body:**
a. **Composition:**
- The General Body shall consist of all the members of the society.
b. **Meetings:**
- The General Body shall meet at least once a year. A special meeting may be called by the Board or on the request of not less than one-third of the members.
6. **Board of Directors:**
a. **Composition:**
- The Board of Directors shall consist of [Number] members elected by the General Body. The tenure of the directors shall be [Duration].
b. **Meetings:**
- The Board shall meet at least [Frequency]. The quorum for the Board meeting shall be [Quorum Details].
7. **Powers and Functions of the Board:**
a. The Board shall have the powers to:
- Manage the affairs of the society.
- Approve budgets and financial statements.
- Appoint staff and fix their remuneration.
8. **Accounts and Audit:**
a. **Books of Accounts:**
- The society shall maintain proper books of accounts as per the provisions of the Act.
b. **Audit:**
- The accounts of the society shall be audited by an auditor appointed by the General Body.
9. **Amendments to the Bye-Laws:**
- The bye-laws may be amended by a resolution passed by a two-thirds majority of the members present at a General Body meeting.
10. **Dissolution:**
- The society may be dissolved by a resolution passed by a three-fourths majority of the members present at a General Body meeting.
11. **Miscellaneous Provisions:**
a. **Bank Account:**
- The society shall maintain a bank account in its name with any scheduled bank.
b. **Seal:**
- The society shall have a common seal which shall be affixed to documents as authorized by the Board.
---
**Signed by Subscribers:**
1. **Name:** [Subscriber 1 Name]
**Signature:**
2. **Name:** [Subscriber 2 Name]
**Signature:**
3. **Name:** [Subscriber 3 Name]
**Signature:**
---
These documents should be carefully drafted to ensure compliance with the relevant laws and regulations. It's advisable to consult with a legal expert or a professional specializing in cooperative law for precise drafting and submission.
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