Question
Discuss in detail the conditions for Registration of Cooperative Society
Answer :
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Skip in 10
The registration of a cooperative society is governed by the provisions laid down under the Cooperative Societies Act applicable in the respective country, which in India is primarily the Cooperative Societies Act, 1912, along with relevant state amendments. Registration is the legal recognition of a cooperative society, and it confers upon it the status of a legal entity capable of entering into contracts, owning property, and suing or being sued. To obtain registration, a cooperative society must satisfy several conditions relating to its formation, membership, objectives, and governance. One of the primary conditions for registration is the minimum number of members. For most cooperative societies, the Act prescribes a minimum number of individuals who must come together with a common objective. In India, for example, a cooperative society requires at least ten adult persons for a society in the case of a multi-state cooperative society and generally ten to fifty members for others, depending on the type of society and state regulations. These members must be capable of entering into a contract and should be of sound mind. Another essential condition is the preparation of a clear and definite objective or purpose for which the society is
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