Co-operative Society

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Co-operative Society Registration

A cooperative society is not a new concept. It prevails in all the countries, this is almost a universal concept. The cooperative society is active in all countries worldwide and is represented in all the sectors including agriculturefoodfinancehealthcare, etc.

To protect the interest of weaker sections, the co-operative society is formed. It is a voluntary association of persons, whose motive is the welfare of the members.

Types of Co-operative Societies

  • Thrift and Credit Co-operative Societies.
  • Urban Co-operative Banks
  • Industrial Co-operative Societies
  • Labor & Construction Co-operative Societies
  • Motor Transport Co-operative Societies
  • Security Services Co-operative Societies
  • Consumer Co-operative Societies
  • Marketing Co-operative Societies
  • Co-operative Federations
  • Group Housing/House Building Societies
  • Co-operative Societies formed by professionals in areas like IT, Education Art & Culture, Insurance, Women Empowerment etc.

Frequently Asked Questions

Requirements/Documentations/Procedures for the registration of new Society

The application or proposal for registration of society should come from promoter members who belong to different families but are residents of Delhi only. The proposal should also mention the specific scheme indicating that the proposed society will be viable and will ensure promotion of economic interest of the member.

Documentation and Procedures:

The complete set of registration papers can be obtained from the office of the Taxaj Corporate Services LLP, Delhi Office. The applications along with schemes initially received from the Chief Promoters and are scrutinized by the Department.

To ensure (a) the viability of a society, (b) its conformity with Delhi Co-operative Societies Act and Rules.

The required documents are as follows:-

  • Proposal Letter
  • Bye-laws (5 copies)
  • Enquiry Performa
  • Intensive Proforma
  • List of promoter members
  • Copy of promotional meeting resolution resolving name of the society
  • Value of share money
  • Admission fees, liabilities
  • Total number of members of managing committee, annual submission fees etc.

Forms for the registration of new Society

You can get the form from our website www.taxaj.com (Just Fill up the Enquiry form), or from the Office of the Taxaj, Delhi at 1/11 Sulahkul Vihar, 1st Floor, Old Palam Road, Dwarka, New Delhi – 110078 Tel: 9990295506, 8961228919.

Conditions of enrollment of a member in a Co-operative Society

A resident of Delhi can become member of the society if he or she fulfills the conditions laid down in registered bye-laws of different types of societies. The person can become member on a industrial or transport society if he or she is actually engaged in their respective field and he or she should not be member of other society of similar activities. But in case of housing societies, an applicant for membership should not have any plot/flat in their name or in the name of any dependent member of their family and should also be resident of Delhi for minimum period of 3 years on the date of application.

Role of the registrar

From the registration of a Co-operative Society till the cancellation of its registration, the Registrar acts as a friend, philosopher and guide to the co- operatives Registrar order to ensure that the Co-operative Societies function in accordance with the provisions of Delhi Co-operative Act, Rules, Bye-laws and govt. policies.

The main functions of the Registrar are as under:-

  • Registration of Co-operative Societies.
  • Amendments to the Bye-laws of Co-operative Societies.
  • Amalgamation, division and re-organization of Co-operative Societies.
  • Conduction election of Managing Committee in primary Co-operative banks and federal Co-operative Societies.
  • Regulation of investment of funds by Co-operative Societies as per Act & Rules.
  • To conduct audit and inspection, handle inquiries and fix surcharge on negligent functionaries of Co-operative Societies.
  • To settle dispute of Co-operative Societies through the process of arbitration.
  • Function as an appellate court.
  • Enforcement/execution of orders, awards and decrees of various courts.
  • Winding up and cancellation of registration of defunct/non-functional societies.
  • To operate Co-operative Education Fund for training, education and carry out publicity program to strengthen Co-operative movement in the N.C.T. of Delhi.
  • To frame/amend Delhi Co-operative Societies Rules, 1973 from time to time.
  • To issue instructions/directives for the promotion of business of different categories of Co-operatives.
  • To verify membership in Housing Co-operative for allotment of plots/flats.
  • To frames, execute and monitor various welfare schemes approved by the Central/State Govt., including financial assistance to various sectors Co- operatives.

Time schedule of Registrar Cooperative Societies

The time schedule for disposed of various applications/references received from societies are detailed below:-

  • Approval of proposal for registration of a new Co-operative Society 30 days
  • Amendment in bye laws 60 days
  • Maximum credit limit of the Society 90 days
  • Approval of registration and enrollment of members in Housing/ 60 days Group Housing Society
  • Other (Miscellaneous matters) 60 days

Methods of dealing with the complaints

When a complaint is received in the Co-operative Department, it is examined by the section concerned. If need be, the comments of the society concerned official/non official is called for. After examination, if required, inspection u/s 54, enquiry u/s 55 or surcharge proceeding u/s 59 are ordered by the Registrar. If the complaint falls in the purview of section 60/61, the complainant is accordingly advised to file the arbitration case.

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