(i) primary credit societies, who virtually function like banks, but whose networth is less than Rs.1 lakh; who are not members of the payment system and to whom deposit insurance is not extended, | |
(ii) primary cooperative banks, popularly called Urban Cooperative Banks, whose net worth is Rs.1 lakh and above; who are recognised as banks, are members of payment system and who enjoy deposit insurance | |
(iii) cooperative credit societies, who confine their activities to their members alone and who do not perform banking functions. |
(a) have amended their by-laws to the effect that their primary object is the transaction of banking business and they accept deposits from the public; | |
(b) have attained the entry point norms for organisation of new urban cooperative banks; and | |
(c) their methods of operation are not detrimental to the interests of the depositors. |
(a) the society is or will be in a position to pay its present or future depositors in full as and when their claims accrue; | |
(b) the affairs of the society are not being, or are not likely to be conducted in a manner detrimental to the interests of its present or future depositors, | |
(c) the general character of the proposed management of the society will not be prejudicial to the public interest or to the interest of its depositors, | |
(d) the proposed cooperative bank has adequate capital structure and earning prospects, and | |
(e) the public interest will be served by the grant of a licence to the society for carrying on banking business in India, |
i) that their networth is not less than entry point capital prescribed for organisation of new urban cooperative banks and the membership has reached the prescribed level; | |
ii) they have been earning profits in each of the last 3 consecutiveyears; | |
iii) their methods of operations are not detrimental to the interests of the depositors; and | |
iv) they have earned 'A' audit rating successively during the last 3 years |
19. The Report of Committee on Urban Cooperative Banks, 1978 |
20. The Report of the Committee on Licensing of New Urban Cooperative Banks (1992). |
Find more on following links -
Application – http://registration.ozg.in/2012/01/registration-of-multi-state-cooperative.html
Act - http://registration.ozg.in/2012/05/multi-state-cooperative-society.html
Rule - http://registration.ozg.in/2012/05/multi-state-cooperative-societies-rules.html
Act - http://registration.ozg.in/2012/05/multi-state-cooperative-society.html
Rule - http://registration.ozg.in/2012/05/multi-state-cooperative-societies-rules.html
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======> Contact # 098-735-09314; 098-735-23276
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======> Website: http://co-operative.ozg.in
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======> Website: http://co-operative.ozg.in
======> Contact # 098-735-09314; 098-735-23276
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======> Email: registration.consultant@ozg.co.in
======> Website: http://co-operative.ozg.in
======> Contact # 098-735-09314; 098-735-23276
======> Website: http://co-operative.ozg.in
======> Contact # 098-735-09314; 098-735-23276
======> OFFICE: Monday - Friday | 10.30 AM - 5.30 PM
======> Language: English & Hindi
======> Watch Ozg Fundraising TV @ fundraising.ozg.tv
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======> Email: registration.consultant@ozg.co.in
======> Website: http://co-operative.ozg.in
======> Contact # 098-735-09314; 098-735-23276
======> Website: http://co-operative.ozg.in
======> Contact # 098-735-09314; 098-735-23276
======> OFFICE: Monday - Friday | 10.30 AM - 5.30 PM
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Multi-State Co-operative
Contact # 098-735-09314; 098-735-23276
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