Dear Sir,

Kindly the objects of agro and housing society and

registration certificates of our recent clients.
AGRO OBJECTS:(i) The principal object of the society will be to promote the
interests of all its members to attain their social and economic
betterment through self-help and mutual aid in accordance with the
cooperative principles.
(ii) To identify location specific needs of farming community for
farming system based agricultural development.
(iii) To set-up priorities for sustainable agricultural development
with a Farming System approach.
(iv) To draw plans for production based system activities to be
undertaken by farmers/ ultimate users.
(v) To execute plans through line departments, training institution,
NGOs, Farmers Organizations and allied institutions.
(vi) To coordinate efforts being made by various line departments,
NGOs, farmers Organization and allied institutions to strengthen
research-extension-farmers linkages in the district, to promote
collaboration and coordination between various State funded technical
departments.
(vii) To facilitate the empowerment of farmers/ producers through
assistance for mobilization organization into associations,
cooperative etc., for their increased participation in planning
marketing, technology dissemination, agro-processing etc.
(viii) Take steps to ensure problems; constraints and needs of the
farming system based agriculture development are identified and
diagnosed periodically and do agricultural activities.
(ix) To make arrangements for supply of agricultural implements,
manure, seeds, storage and marketing of agriculture produce of members
of the society and run flour mills and fodder cutters.
(x) To help, formulate and implement a plan of agricultural production
of the village and to arrange the demonstration of improved
agricultural techniques and manage supply of agricultural production
and such other articles of domestic use as may be required by members
of the society.
(xi) To undertake manufacture of agricultural machinery and
implements, processing, packing, etc. and other production requisites
and consumer articles by setting up manufacturing units either

directly or in collaboration or as a joint venture with any other

agency, including import and distribution of spare-parts and
components to up-keep of the machinery/implements;
(xii) To facilitate coordinate, promote and engage in animal
husbandry, fisheries, horticulture, sericulture and cattle rearing.
(xiii) Facilitate the processing and marketing activities of the
agricultural, livestock, dairy, poultry, silk and allied produce of
the farmers with the help of private sector institutions.

HOUSING SOCIETY OBJECTS:-

(i) The principal object of the society will be to promote the

interests of all its members to attain their social and economic
betterment through self-help and mutual aid in accordance with the
cooperative principles.
(ii) To acquire either through outright purchase or on lease, land for
development and construction for residential house/flats for giving to
its members either on lease or rent.
(iii) To lease out residential house to the members on such terms and
conditions as may be fixed by the Government and the society.
(iv) To undertake repair of houses of the members when necessary.
(v) To arrange for providing to its members of necessary common
amenities and facilities as may be found practicable by the local
bodies, authority or Corporation.
(vi) To arrange for the maintenance of the estate of the society
including roads, lances and park etc.

In all the multi state cooperative societies whether it is agro,

housing, fishery, dairy, solar, hospital, consumer, labour,
construction, sugar, transport etc., the sources of funds would be as
follows:(i) Admission fee;
(ii) Share capital;
(iii) Loans;
(iv) Grants-in-aid;
(v) Donations;
(vi) Contributions;

(vii) Subscriptions;
(viii) Profit.
and advances as well since collective investment schemes is not
implemented on cooperative society as per the guidelines of SEBI. So
you can legally collect advances from members and give them estimated
returns or refunds. Secondly, there is no fees on Authorized share
capital whether you keep it as 10,20 or 50 Crores. Till that amount
you can collect money in the form of shares. You can give dividend on
shares and refund on loans, contributions and advances. You will be
given license for 2 contagious states only. Later on after 6 months,
you can apply for amendment to increase more number of states.
Please download the file:http://www.sebi.gov.in/acts/act15ac.pdf
After downloading this file, press CTRL+F and type operative, you will
find the content under Section 11AA (Collective Investment Schemes)
It clearly indicates that CIS is not implemented on cooperative
society which means that legally you can take advances from members in
multi state cooperative society. Multi state cooperative does not come
under RBI, SEBI or MCA. It is controlled by Ministry of Agriculture,
Department of Cooperation.
-Yours faithfully,
Sagar Shrivastava.
(9711105597)
(http://www.multistatesociety.in/)
(Crystal Consultancy, Office number-204,
45B, 1st Floor, Hasanpur Main Road,
Patparganj, New Delhi-110092)