Can a credit co-op be converted into MACS

Dr.Balpreet Arora

 

I would like to ask whether a Saving and credit cooperative can be converted into mutually aided cooperative society and if yes how?

Secondly; How saving and credit society different from a ‘Macs”, is there any benefit in any of these form.

Third; Can Savings and credit societies become federated and start a bank?

 

I C Naik

 

This can be achieved by amending the objects of the Society by undertaking an amendment procedure as per Cooperative Law of your State.

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