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We provide expert consultancy for company registration, GST, ITR filing, and FSSAI certifications, ensuring seamless legal compliance.
A Co-operative Society is a legally recognized entity formed by individuals or businesses with a shared economic, social, or cultural interest. Unlike private businesses that focus on maximizing profit, co-operative societies aim to promote collective welfare, ensuring that benefits are shared among all members.
The co-operative movement in India has played a significant role in financial inclusion, rural development, and fair trade practices. Registration of a co-operative society provides it with a legal identity, access to government schemes, and credibility in financial transactions.
Understanding the different types of co-operatives helps determine the right structure for your organization:
A Co-operative Housing Society is a legal entity formed by a group of individuals who collectively own and manage residential properties. The primary objective of such societies is to provide affordable housing and a well-managed residential environment for its members.
A Co-operative Society is a legally registered organization formed by a group of individuals with shared economic and social interests. It operates on democratic principles and promotes collective ownership, financial stability, and transparency.
The online registration process typically takes 30 to 60 days, depending on the state and verification requirements.
Not all states offer full online registration. Some require offline submission of documents after online application.
A minimum of 10 individuals from different families is required. For multi-state co-operative societies, at least 50 members from two or more states are needed.
A cooperative society is a legally registered group of individuals who come together to achieve common economic, social, or cultural benefits through collective efforts.
No, a cooperative society cannot be converted into a private limited company. However, its assets and business can be transferred to a registered company if approved by members.
Yes, but the profits are either reinvested or distributed among members based on participation.
Yes, the government provides financial assistance, subsidies, and low-interest loans to Co-operative Societies.
At least 10 members are required to start a Co-operative Society in India.
Co-operative Societies in India are registered under the Co-operative Societies Act, 1912, or respective State Co-operative Acts.
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