National Bhovi Vadar Development Board Most suitable national level organisation by law appears to be Multi State Cooperative Society. What is Multi State Cooperative Society? A multi-state Cooperative Society means a society registered or deemed to be registered under the Multi-State Cooperative Societies Act, 2002 and includes a national Cooperative society or a Federal Cooperative. What is ‘Cooperation’? According to economic historian, Charles Guide Cooperation is self-help and each for all (mutual-aid). Self-help means the pride of supplying ones own needs by ones own resources, of being ones own merchant banker, money lender and employer. Each for all, means to seek liberation, not only for oneself but for and through others”. According to The International Cooperative Alliance (ICA), a cooperative is an autonomous association of persons united voluntarily to meet their common, economic, social and cultural/needs and aspirations through a jointly owned and democratically -controlled enterprise What are the principles of cooperation? The Cooperative principles are: (1) Voluntary and open membership (2) Democratic member Control (3) Member economic participation (4) Autonomy and Independence (5) Education, Training (6) Cooperation among Cooperatives (7) Concern for community To form a Multi-State Cooperative society, (i) An application for registration of a Multi- State Cooperative society shall be made in the prescribed form; (ii) the application shall be signed by; (a) In the case of a multi-state Cooperative society of which all the members are individuals, by at least fifty persons from each of the states concerned. (b) In case the members are Cooperative Societies, by duly authorised representatives on behalf of at least five such societies as are not registered in the same state; (c) In case the members are other Multi-State Cooperative Societies and other Cooperative Societies, by duly authorised representatives of each of such societies; (d) If the members are cooperative societies or multi-state Cooperative societies and individuals, by at least (i) fifty persons, being individuals from each of the two states or more and; (ii) one Cooperative society each from two states or more or one Multi-state Cooperative society. (e) The application shall be accompanied by four copies of the proposed Bye-laws. (f) (i) Name of the proposed multi-state cooperative society; (ii) Head Quarters and address to be registered; (iii) Area of operation; (iv) Main objectives (v) a certificate from the Bank (vi) Stating credit balance there in favour of the proposed Multi-State Cooperative Society Multi States Cooperative Society info. 1 Object: Interest of members and community. 2 Number of members: Minimum number of members should be 50 for a multi state cooperative society from each state in case of individual membership In case societies are members of a Multi State Cooperative Society, two societies from different states should sign the application of registration of the society If a Multi State Cooperative Society is a member then the multi state cooperative and a society should sign the application of registration. 3 Management: Chairperson is elected by the Board of Directors from among themselves. The Managing Director / Chief executive is appointed by the Board of Directors. 4 Share Capital: The shares of cooperative society are not issued to general public by advertisement and can be issued any time. Shares can be withdrawn member / society as prescribed by rules in their byelaws. 5 Types of shares: Only equity shares are available. 6 Voting Power: Member of a cooperative society have right of only one vote, irrespective of the number of shares held of any denomination. 7 Distribution of Profits: Minimum 25% of net profits should be transferred to the General reserve and the maximum dividend cannot exceed 20% 8 Taxes: Cooperatives are exempt from few taxes in some states like stamp duty. Tax rates also vary. 9 Workers participation: Provision for workers participation in the management through a representative exists. 10 MRTP Act: Not applicable to Multi State Societies Applicable 11 Control: The Central registrar of Cooperatives advises in the affairs of a multi state society. Please feel free to discuss this responsibly and positively. Share your views and contribute your skills. This is in the best interest of the community and one should take an initiative with in their limitation of resources, knowledge, and skills. Regards Dr Deepak Megeri
Posted on: Mon, 01 Sep 2014 04:44:16 +0000
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