Cooperative society: Introduction to Cooperative Societies Cooperative societies

Introduction to Cooperative Societies Cooperative societies represent a distinctive and collaborative form of organization where individuals voluntarily come together to address shared economic, social, and cultural needs. Rooted in the principles of mutual assistance and democratic control, cooperative societies are owned and managed collectively by their members, distinguishing them from traditional business models. These societies exist across various sectors, ranging from agriculture and ... What is Cooperative Society ? The word " cooperative " means to work together and cooperate with each other, similarly, in a cooperative society , a group of people forms a voluntary association to benefit the members and work for the betterment of society, especially for the weaker sections. A cooperative society is a business organization formed by a group of individuals who voluntarily unite to achieve common economic, social, or cultural goals. The Central Registrar of Cooperative Societies is appointed as per article 243ZH (f) of the Constitution read with subsection (1) of section (4) of Multi-State Co - operative Societies Act 2002 and is the statutory body responsible for registration and other processes of the Multi State Cooperative Societies (MSCS).