Multi State Credit Society Byelaws
If you are also thinking of forming a multi-state credit cooperative society, then the bylaws of the society are an important document in which all the rules and regulations of the society are shown.
What is Society Byelaws?
Bylaws are the rules and guidelines required for the operation of any multi-state credit cooperative society. These documents spell out the objectives of the society, membership criteria, administrative structure, financial management and all the rules related to the operation of the society.
How to make byelaws of credit society?
The bylaws are framed by the founding members of the society and it is registered under The Multi-State Cooperative Societies Act, 2002. It consists of the following steps:
- prepare draft-To draw up in writing the objectives and rules of the society.
- 2. Approval of founding members– The bylaws are approved by the founding members of the society.
- Submission to the Registrar-The bylaws are submitted to the Central Registrar for approval.
- Registration and Approval– Once approved, the society is officially registered.
What are the rules in bylaws?
The bylaws contain the following important rules:
- Name and Registered Office of the Society
- Objectives and area of operations
Click here to download full PDF of Byelaws CREDIT_BYELAWS bizlaw india
