Defination of a multi state cooperative society: - A multi state cooperative society is signed up from the center i.e. Delhi. The co-agent social orders, with short articles not kept to one state and serving the pastimes of parts in more than one state for social and monetary improvement of its parts with self enhancement and usual help as per the co-agent requirements are recognized as Multi State Cooperative Societies.cooperative society
if the society wants to make any scheme like gold loan, automobile loan, taken care of deposit loan, double deposit plan, triple deposit strategy or any unique plan, the society has to give a prior 15 days notice to all its members by rate post, newspaper publication etc. As per the rules of MSCS Act 2002, a person currently being a member of a society can not be a member of a multi state cooperative society of the same type.