Multi State Delhi

multi state cooperative society shall be divided by way of perk or dividend or otherwise distributed among its members. In case of multi state cooperative societies which do not have share capital, the surplus of earnings over expenditure should not be treated as net earnings and such surplus shall be dealt with in accordance with the bye-laws. A multi state cooperative society shall, out of its net earnings in any year move an amount not less than twenty-five percent to the reserve fund, credit one percent to cooperative education fund preserved by the National Co-operative Union of India Limited, New Delhi or transfer a quantity not less than ten percent to a reserve fund for meeting unexpected losses.

Time Considered registration: -.

Normally, the optimal time period for a multi state cooperative society registration is 4 months. In case, the application gets an objection, because case, the application can be submitted once more and in certain conditions, the society registration can be done earlier also on the basis of earlier rejections or on political pressures.
Registration, the amendment proposal is likewise submitted in the Ministry of Agriculture. We can file amendment if we desire to enhance our location of operation i.e. number of states or increase our authorized share capital or alter our name or alter our office address.
The files submitted along with change proposal are bank statement, audited account showing net revenue and turnover. The ministry needs justification and proper reasons why a society proposal may want to be changed.