Co-operation · Class 11 Commerce
Ch 4Formation of a Co-operative Society — Class 11 Co-operation, concept-first.
A co-operative society begins life as an idea shared by a group of ordinary people who face a common economic problem — farmers who cannot get fair prices for their produce, workers who cannot afford a house on their own, or consumers who are overcharged by traders — and who decide that they can solve that problem bett…
Key concepts
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Registration of a Co-operative Society under the MCS Act, 1960
Formation of a co-operative society in Maharashtra is, in substance, the process of getting it registered under the Maharashtra Co-operative Societies Act, 1960.
Most relevant Q&A
- What is meant by the formation of a co-operative society? Why is registration essential to it?Free
- Which authority registers a co-operative society in Maharashtra, and under which law? Describe the role of the Registrar in the registration…Free
- Explain the procedure for the formation and registration of a co-operative society under the Maharashtra Co-operative Societies Act, 1960.Preview
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Meaning of Formation and Why a Co-operative Society Must Be Registered
A co-operative society begins life as an idea shared by a group of ordinary people who face a common economic problem — farmers who cannot get fair prices for their produce, workers who cannot afford…
The Governing Law and the Registrar of Co-operative Societies
The formation and registration of every co-operative society in Maharashtra is governed by the Maharashtra Co-operative Societies Act, 1960, read together with the Maharashtra Co-operative Societies R…
Conditions of Registration — Members, Qualifications and Liability
The Act does not allow just any group of people to be registered as a co-operative society; certain conditions must first be satisfied, and these are set out mainly in Sections 4 and 6 of the Maharash…
Step 1 — The Promotion (Preliminary) Stage and the Chief Promoter
The first practical step in forming a co-operative society is the promotion or preliminary stage, in which the idea is turned into an organised group ready to apply for registration.
Step 2 — Application for Registration, Bye-laws and Documents Required
Once the promotion stage is complete, the group moves to the second step: making the formal application for registration.
Step 3 — Registration by the Registrar and the Certificate of Registration
The third and decisive step is the actual registration by the Registrar. On receiving the application, the Registrar scrutinises it carefully.
Effects of Registration and Remedy on Refusal
The legal consequences of registration are what make the whole exercise worthwhile. The most fundamental effect, under Section 36 of the Maharashtra Co-operative Societies Act, 1960, is that on regist…
Exercises
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- Q1What is meant by the formation of a co-operative society? Why is registration essential to it?Free
- Q2Which authority registers a co-operative society in Maharashtra, and under which law? Describe the role of the Registrar in the registration…Free
- Q3State the conditions that must be satisfied before a co-operative society can be registered under the Maharashtra Co-operative Societies Act…Free
- Q4What is the minimum number of members required to register a co-operative society? Explain the requirement for a society of individuals and…Preview
- Q5Who is the Chief Promoter of a proposed co-operative society? Explain the functions he performs during the promotion stage.Preview
- Q6Explain the promotion (preliminary) stage in the formation of a co-operative society.Preview
- Q7To whom is an application for registration of a co-operative society made, and who must sign it? What must accompany the application?Preview
- Q8What are bye-laws? State the main matters usually contained in the bye-laws of a co-operative society.Preview
- Q9Explain the procedure for the formation and registration of a co-operative society under the Maharashtra Co-operative Societies Act, 1960.Preview
- Q10What is a certificate of registration? State its legal effect.Preview
- Q11What happens if the Registrar refuses to register a proposed co-operative society? What remedies are available to the promoters?Preview