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Home Cooperative Queries

No multi state co-op without Banker’s certificate

ram by ram
August 22, 2013
in Cooperative Queries
2
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Pradeep Upadhay

I had applied for registration of Multi State Co-Op Soc. for my client. All the requirements were complied with except a Bankers certificate. But the bankers refused to open the account of society without the registration of the society. Hence the option of Certificate is not complied with

Kindly advise how the Registrar will do the needful in it

I C Naik

Opening Bank Account is a pre-condition for registration of a Cooperative Society as per Rule 3(1)(c) of the Multi State Cooperative Societies Rules 2002.

Every Cooperative Bank must have complied with this at the time of its registration. So approach the Cooperative Bank with the letter of the Central Registrar reserving the name of and account will be opened.

Tags: Banker’s certificateCooperative Querymulti state co-op
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