Section 5 of the Multi-State Co-operative Societies Act, 2002 – Multi-State co-operative societies which may be registered

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Section 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.

Source: official text of The Multi-State Co-operative Societies Act, 2002 as published on India Code (PDF). All sections of the Multi-State Co-operative Societies Act, 2002.

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