Online Society Returns Modules

As per Maharashtra Cooperative Society ACT, registered cooperative Society needs to furnish the information to concerned registrar. These are referred as Mandatory Returns. There are basically 6 mandatory returns which needs to be submitted by cooperative society which are as follows:

• Annual Activity Returns
• Audited Statements of Accounts : Balance Sheet
• Audited Statements of Accounts : Profit and Loss Statement
• Plan for Surplus Distribution
• List of Amendments to Bye-Laws
• Date of holding AGM and Election
• Name of Auditor and Return Consent.

Traditionally, cooperative society needs to submit the above returns to the concerned registrar on paper. Thus management of the data ie. Validation and aggregation and conversion of data to information consumes lot of efforts from society. In order to overcome the challenges department has formulated a platform which is to be used by all cooperative society to furnish the returns.

The advantages are as follows:

• Eliminating human touch points: All information would be aggregated and validated online thereby eliminating he redundant and unproductive efforts of our officers.
• Returns repository: Repository contains returns of same society of past 10 years thereby ensuring transparency.
• Accessibility: Returns are available in public domain for all stakeholders thereby making this more accessible than before.
• Availability: Application is available online 24 into 7 round the clock.
• Affordable: Free of cost and also reduces the cost of operation as it reduces the footfalls of managing committee at registrar office.