Registration of Co-operative Society

A cooperative society is a non-profit organization. It can also be defined as the association of people to meet their common economic, cultural, and social needs. It is an association that is controlled democratically. The members of a cooperative society advocate common aspirations. In other words, it is also a legal entity that pools human resources together in the spirit of self-help. It provides all the services and support to all its member.

As per the Cooperative society Act 1912, the cooperative society that has the objective of promoting the economic interest can register itself as limited or unlimited liability. They can file applications with ten adult members of the same caste, Tribe or occupations 

1) To provide service and help to its member

2) Promotes mutual help rather than competition

3) Assures self-help of the members

4) Develops morality instead of unfair business activity 

1) The cooperative society can store supply goods, thus saves consumers from adulteration and malpractices. 

2) As consumers are the owners of the store, it helps them manage their own requirements. In other words, goods required by consumers are dealt with such stores.

3) No single group can gain control over the organization; it is because the cooperative societies are democratic business enterprise.