Act Number: 39

Act Name: The Multi-State Co-operative Societies Act, 2002

Year: 2002

Enactment Date: 2002-07-03

Long Title: An Act to consolidate and amend the law relating to co-operative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of co-operative s as peoples institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters connected therewith or incidental thereto.

Ministry: Ministry of Cooperation

Department:

Section 5: Multi-State co-operative societies which may be registered.
    (1) No multi-State co-operative society shall be registered under this Act, unless,--
         (a) its main objects are to serve the interests of members in more than one state; and
         (b) its bye-laws provide for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles.
     (2) The word "limited" or its equivalent in any Indian language shall be suffixed to the name of every multi-State co-operative society registered under this Act with limited liability.
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