Co-op society

vinay1234 (Querist) 07 December 2017 This query is : Resolved
we a group of people want to from a agriculture society. the society's objectives will be to purchase land an do farming / agri related business like dairy, cultivation of crops, eco tourism, manufacturing of panchgavya medicines etc. We all reside in mumbai city. My question is ,can we form a group and register as a society, if yes, what kind o society. And can we purchase land in the name of the Society.

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Hemant Agarwal (Expert) 09 December 2017
1. A minimum of 10 persons are required to register a Agricultural Society.

2. A registered Agricultural Society, can purchase Land and do all agricultural related activities, loans, sales, processing etc...., subject to the objectives of the Society & its bye-laws.

Keep Smiling .... Hemant Agarwal

Dr J C Vashista (Expert) 11 December 2017
Consult a local lawyer or chartered accountant to complete all legal formalities for registration of an agricultural society and fulfil its objectives as provided in its Memorandum of Association and Articles of Association.

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