Workers co-operative - how to structure it?

Amul has workers as milk producers and the co-operative compensates the producers and supplies milk to its client. GMMF is a co-operative.

Is it possible to have similar co-operative - a workers co-operative in IT sector which takes freelancers and compensates freelancers based on their time contributed on set formula and provide tech services to overseas clients (so there is no service tax)?

a) Is Workers Co-Operative possible in India?
b) Does anyone have any draft agreement for registering one?
c) What are the tax implications on the co-operative income?
d) Will there be multiple levels of taxation on beneficiaries (its members)?
e) Can this co-operative invest in its own facilities (like Amul) and franchise out its products e.g Banking Sofware(like Amul Parlors)?


Drona