Tuesday, 27 June 2017

Multi State Co-Oprative Group Housing Society in NCR

A multi state CGHS is one which seeks to provide its beneficiary services to the owners and customers of a society in more than one state. It seeks to ensure the democratic functioning of cooperatives through self-improvement and mutual aid with an objective in order to promote the social and economic enhancement of the members. These multi state CGHS are the societies which are registered or considered to be registered under the “Multi State Cooperative Societies Act, 2002”. The bill was passed by both the houses of the parliament, approved by the President in July and then came in force.

Some various types of Multi State Cooperative Societies are Agriculture, Credit, Housing, Sugar, Hospital, Customer, Labour, Multi Functional Cooperative Societies etc. In order to apply for the registration of a cooperative society, an application is made to the central registrar with prescribed form and specified particulars. Moreover, it is required to arrange at least 50 members from different states with proper details, name and address proofs to form the society.

The registration process for a cooperative society takes around 4 months. If some objectionable content in found, the application is cancelled and must be submitted again. The other content that are required to be submitted with the application are bank statement and accounts which shows net earnings and turnover. These documents are required because the ministry of agriculture demands proper supportive documents which provides justification and reasons for the formation of society.
For more details, you can visit: www.multistatecghs.com