Cooperative Society Registration
12A registration is a one-time registration granted by the Income Tax Department to NGOs, trusts, and societies. It allows them to claim complete exemption from income tax on their surplus income, provided the income is used solely for charitable or religious purposes.
Types of Cooperative Society Registration
Cooperative societies in India can be categorized based on their scope, purpose, and membership.
Producer Cooperative Society
Formed by producers to collectively market, sell, or manufacture products efficiently.
Consumer Cooperative Society
Established to procure goods and services for members at reasonable prices.
Worker Cooperative Society
Owned and managed by workers to provide employment and share profits equitably.
Credit Cooperative Society
Focused on providing loans, financial assistance, or credit facilities to members.
Housing Cooperative Society
Formed for building, owning, or managing residential housing for members.
Multi-Purpose Cooperative Society
Engages in multiple activities such as production, trade, credit, and housing under one organization.
Why Cooperative Society Registration Is Important?
Minimum Membership
At least 10 members are required to form a cooperative society, although requirements may vary by state.
Registration Authority
Cooperative societies are registered under the respective State Cooperative Societies Act with the Registrar of Cooperative Societies.
Governing Document
A Bye-Laws document is mandatory, outlining rules, objectives, membership, and management structure.
Legal Entity
Registration provides a separate legal identity, allowing the society to own property, open bank accounts, and enter contracts.
FAQs
What is a Cooperative Society?
A cooperative society is an organization formed by a group of individuals to meet common economic, social, or cultural needs, operating democratically for mutual benefit.
How do I register a Cooperative Society in India?
Registration is done under the respective State Cooperative Societies Act with the Registrar of Cooperative Societies, submitting required forms and documents like member list, identity proofs, and bye-laws.
What are the benefits of registering a Cooperative Society?
Legal recognition, eligibility for government schemes, access to funding, limited liability, and a structured governance framework.
What are the minimum requirements to form a cooperative society?
At least 10 members (may vary by state), a registered office, and approved bye-laws are required.
How long does the registration process take?
Typically 30–60 days, depending on the state and completeness of submitted documents.
Can a cooperative society earn profits?
Yes, profits are shared among members or reinvested in society activities according to the bye-laws.