Chapter II — CENTRAL REGISTRAR AND REGISTRATION OF MULTI-STATE CO-OPERATIVE SOCIETIES

Section 5Multi-State co-operative societies which may be registered

Section 5: Multi-State co-operative societies which may be registered

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.