My name is Jatin Jindal. I am a young qualified CA willing to form my own cooperative society. Can you help me in providing step wise procedure for incorporating a cooperative society. I would be grateful, if you can provide the contact of any professional, who can assist me in this regards.
I C Naik
It’s a good idea for a young qualified person to plunge in to cooperative sector. This form of organization is a world-wide well proven concept for economic development with equality. It is starved of good people in India. It is not difficult at all to set up a cooperative society, once the preliminaries are worked out.
Henceforth you have to imagine yourself to be a Chief Promoter. The immediate thing you have to do is to work out a project yielding economic soundness, which you want to put through via the Cooperative organization. Collect 10-15 members all belonging to distinct families and get their approval to the project. Get hold of model Bye-laws appropriate to the objects of the project. Decide the name of the proposed society.
The procedure after that is not complex at all. You can meet the Dy Registrar who will guide you about a few steps to be completed under his supervision after which the Society will come in to existence.