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Co-operative Society.

A Co-operative society 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. It is a voluntary association of persons whose motive is the welfare of the members, it protects the intersts of the weaker section. The membership is voluntary. A person is free to join a cooperative society, and can also leave anytime as per his desire. Irrespective of their religion, gender & caste, membership is open to all.



Though it is a separate legal entity, the registration is compulsory. The liability of members is limited to the extent of amount contributed by them. The cooperative society works on the principle of mutual help & welfare. Hence, the principal of service dominates it’s working. If any surplus is generated, it is distributed amongst the members as a dividend in conformity with the bye-laws of the society. The main purpose of a Co-operative Society is to provide service to its members. For example, in a Consumer Co- operative Store, goods are sold to its members at a reasonable price by retaining a small margin of profit. It also provides better quality goods to its members and the general public. The following are the types of co-operative societies:


  • Producer Co-operative: To protect the interest of small producers, these societies are set up. The co-operative society members may be farmers, landowners, owners of the fishing operations. To increase the marketing possibilities and production efficiency, producers decide to work together or as separate entities. They perform several activities like processing, marketing & distributing their own products. This helps in lower costs and strains in each area with a mutual benefit to each producer.

  • Credit Unions: Credit unions are generally member-owned financial cooperatives. Their principle is of people helping people. They provide credit and financial services to the members at competitive prices. Each and every depositor has the right to become a member. Members attend the annual meeting and are given rights to elect a board of directors.

  • Consumer Co-operative: These businesses are owned and governed by consumers of a particular area for their mutual benefit. Their view is to provide daily necessary commodities at an optimum price. Rather than earning a pecuniary profit, their aim is towards providing service to the consumers.

  • Marketing Co-operative: With an aim of helping small producers in selling their products, these societies are established. The producers who wish to obtain reasonable prices for their output are the members of this society. For securing a favourable market for the products they eliminate the middlemen and improve the competitive position of its members. It collects the output of individual members. Various marketing functions like transportation, packaging, warehousing, etc are performed by the cooperative societies to sell the product at the best possible price.

  • Housing Co-operative Society: To help people with limited income to construct houses at reasonable costs, these societies are established. Their aim is to solve the housing problems of the members. A member of this society aims to procure the residential house at lower cost. They construct the houses and give the option to members to pay in installments to purchase the house. They construct flats or provide plots to members on which the members themselves can construct the houses as per their choice.


Procedure for Registration:

  • The first step is to get 10 individuals together who are desirous of forming a co-operative society.

  • A provisional committe should be formed and a chief promoter should be elected amongst them.

  • A name of the co-operative society should be selected.

  • An application has to be made with the Co-operative Society Registrar for reservation of name.

  • The entrace fee and share capital amount has to be collected from the prospective members.

  • A bank account has to be opened in the name of the co-operative society. The entrance fee and share capital amount has to be deposited in that bank account.

  • The registration fee has to be deposited with the RBI.

  • Then submit the registration documents along with affidavits, indemnity bonds, list of promoter members, bank certificate, detailed explanation of working of the co-operative society, by-laws of the co-operative society etc.,.

  • Then the registrar on scrutiny of the documents submitted, issues the certificate of registration.



CompaniesHouse is an MCA Authorized Company Registered Agent in India. The object of the CompaniesHouse is to minimize the cost in registering Co-operave Societies throughout India.

For detailed information and documentation you can Click Here

ADVANTAGES.

FAQ

What is Co-operative Society?

A Co-operative society 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 is Society?

The main objective of the society is not for profit. It's objectives are to promote fields of arts, commerce, science, researh, education, sports, charity, social welfare, religion, environmental protection etc.,. Society may be formed, by way of a memorandum of association, by any seven or more people associated for any literary, scientific or charitable purpose.

What is Producer Company?

Producer companies can help small formers to participate in emerging-high value markets such as export market and the retail markets in India. The Producer Company is one of the business entity registered under the Companies Act, 2013. The objects of the Producer Company are as follows: production, harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary produce of the Members or import of goods or services for their benefit provided that the producer company may carry ont the aforesaid activities either by itself or through any other institution.

What is Share Capital?

The share capital is an amount of contribution by the members of the co-operative society.

What is entrance fee?

Every member of the co-operative society has to pay this amount at the time of his entry.

In howmany days a co-operative society can be registered?

Approximately 30 business days.

What is the government fee for co-operative society Registration?

registration fee amounting to one percent of the total authorized share capital by whatever name called subject to a minimum of Rs. 1,000/- (Rupees one thousand only) and a maximum of Rs.10,000/- (Rupees ten thousand only).

DOCUMENTS REQUIRED

  • Members Photos
  • Members PAN
  • Members ID Proof: Aadhaar/Voter Id/Passport
  • Members Address Proofs: Aadhaar/Voter Id/Passport
  • Office latest electricity bill
  • NOC/Rental Agreement from owner
  • Affidavits
  • Indemnity Bonds

PRICING & DELIVERABLES

Economy Plan

Co-operative Society Registration

Rs29,999/InclTax
EMI OPTION
  • Name Availability Certificate
  • Certificate of Registration
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Co-operative society PAN
  • Co-operative society TAN
  • Share Certificates
  • ICICI Current Banking Account
  • Co-operative society KIT
  • GST Registration
  • Free GST & Accounting Software
  • Free GST e-Way bill Software
  • All Business Documents free
  • Free book - Co-operative societies Act, 1964

Notes:

  1. Co-operative socity name is subject to the Registrar's Approval, CompaniesHouse guides you how to choose Co-operative society Name.
  2. If there are more than ten members, then for each member an extra amount of Rs. 2,000/- will be incurred.
  3. In case of Annual Compliance, the govt challans will be born by the client.
  4. Audit fee is at actuals on annual basis.

WHAT CLIENTS SAYS?

You are truly experienced in Company Registrations. Keep it up!

Ram Kumar Chilukuri Director, Anewa Engineering Pvt Ltd 02.06.2016

Thanks for your continuous support. God bless you!

Nrupesh CFO, Blujay Solutions Private Limited 14.06.2016

Thank you CompaniesHouse for saving in Income Tax!

Avtar Singh Managing Partner, Chetak Transporters 25.06.2016

We are surprised to get our Company registered in one day. Thanks to you guys!

Mohammed Fasiuddin Director, Avidus Engineering Private Limited 29.06.2016

Thank you for the initial discussion as we choose best business format!

Lakshmi Keerthi Reddy Director, Lavanar Sea Food Farming Private Limited 01.09.2016

Thank you CompaniesHouse for reminding on timely statutory compliance!

Rambabu Director, Cybervillage Solutions Pvt ltd 05.09.2016

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