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A cooperative society is a voluntary association that started with the aim of the service of its members. It is a form of business where individuals belonging to the same class join their hands for the promotion of their common goals.

A minimum of ten members are required to form a cooperative society. The Cooperative societies Act do not specify the maximum number of members for any co-operative society.

This organization is then owned and democratically controlled by all invested parties.

It is not only formed in intention of profit.

Also launching an inspirational principles for making a better society like Voluntary and open membership, Democratic control, one member one vote, Autonomy and independence , Promoting of economic activities, education and information technology, Co-operation among co-operatives, Concern for the social and ecological environment.

The capital of a cooperative society is raised from its members in the form of share capital. As the share capital is not sufficient to meet its operational cost, it borrows loan from the government or apex cooperative organization.

State Governments also frame laws regarding the registration and functioning of cooperative societies for their states.

Multistate cooperative societies managing the rules among the society in the related states