What are the requirements of forming a co-operative society?

 

(i) Minimum number of persons 25.

 

(ii) The society's object should be for promotion of the economic interests of its members.

 

(iii) The proposed society should be capable of being run on economically sound lines.

 

(iv) The registration of the proposed society should not have an adverse effect on the co-operative

movement.

 

(v) The prospective members should contribute a minimum amount of share capital for the particular type of society to be started.