Discuss in detail the conditions for Registration of Cooperative Society.

The registration of a cooperative society is a crucial step in establishing its legal identity and enabling it to operate as a separate legal entity. The process of registration is governed by cooperative laws and regulations in India, which outline specific conditions and requirements that must be met for a cooperative society to be registered. Here's a detailed discussion of the conditions for the registration of a cooperative society:

1. Minimum Number of Members: One of the primary conditions for the registration of a cooperative society is the minimum number of members required to form the society. The specific minimum number of members varies depending on the type of cooperative society and the relevant cooperative laws in the state. Generally, the minimum number of members ranges from 10 to 20 individuals.

2. Legal Capacity: The members forming the cooperative society must have the legal capacity to enter into a contract. This means that they must be competent to contract under the Indian Contract Act, which typically requires that they be of sound mind, not minors, and not disqualified by any law from entering into contracts.

3. Common Economic Interest: The members of the cooperative society must share a common economic interest or objective that they seek to achieve through collective action. This common interest could relate to agriculture, industry, trade, housing, consumer needs, or any other lawful purpose specified in the cooperative society's bylaws.

4. Formation of Governing Body: The cooperative society must form a governing body or managing committee responsible for managing the affairs of the society. The governing body is typically elected by the members of the cooperative society and is entrusted with decision-making, administration, and representation of the society.

5. Bylaws: The cooperative society must adopt a set of bylaws or rules that govern its internal functioning, membership criteria, rights and responsibilities of members, management structure, decision-making processes, financial management, and other operational aspects. The bylaws must comply with the provisions of the relevant cooperative laws and regulations.

6. Name Approval: The proposed name of the cooperative society must be approved by the Registrar of Cooperative Societies or the designated authority. The name should not be identical or similar to the name of any existing cooperative society or other entity to avoid confusion or misrepresentation.

7. Application for Registration: The members of the cooperative society must submit an application for registration to the Registrar of Cooperative Societies or the designated authority in the prescribed format. The application should be accompanied by the required documents, including the proposed bylaws, list of members, details of the governing body, and other relevant information.

8. Payment of Registration Fee: The cooperative society is required to pay the prescribed registration fee along with the application for registration. The registration fee varies depending on the type and size of the cooperative society and is typically specified in the relevant cooperative laws and regulations.

Once these conditions are fulfilled and the registration process is completed, the cooperative society is issued a certificate of registration by the Registrar of Cooperative Societies or the designated authority. This certificate serves as proof of the society's legal existence and enables it to commence its operations as a registered cooperative entity.