The Multi-State Cooperative Societies (MSCS) Act, 2002 governs cooperative societies whose operations extend across more than one Indian state. Within this statutory framework, the MSCS Act 2002 list, maintained by the Office of the Central Registrar of Cooperative Societies (CRCS), functions as the primary official record of societies registered under the Act. From a legal and compliance standpoint, this list is the first point of reference for determining a society’s registration validity, operational legitimacy, and regulatory standing. Vivek Tiwari & Co provides this legal briefing to clarify the scope, significance, and practical use of the MSCS Act 2002 list for stakeholders.
Statutory Basis of the MSCS Act 2002 List
The MSCS Act, 2002 establishes a centralized registration system for multi-state cooperative societies under the authority of the Central Registrar.
Key statutory aspects governing the list include:
- Registration of societies under Sections 4 to 9 of the Act
- Maintenance of a central register by the CRCS
- Recording of amendments, cancellations, and status changes
- Public accessibility for verification and regulatory transparency
The list derives its legal authority directly from the Act and associated rules, making it a conclusive reference for registration verification.
Here Is the List Of Multi State Cooperative Society Act 2002
Legal Relevance of the MSCS Act 2002 List
The MSCS Act 2002 list is not merely informational; it carries direct legal consequences.
Its legal relevance includes:
- Proof of valid registration under central legislation
- Confirmation of eligibility to operate across multiple states
- Verification for contractual, financial, and regulatory purposes
- Identification of societies facing suspension, cancellation, or default
In professional practice, reliance on the official list is a standard due diligence requirement.
What the MSCS Act 2002 List Indicates in Practice
From a legal advisory perspective, practitioners analyze multiple indicators reflected in or connected to the list.
These include:
- Registration status (active, cancelled, or under process)
- Date and number of registration
- Registered office details
- Filing and compliance visibility, as available on the CRCS portal
Any discrepancy between claimed status and the official list may expose stakeholders to legal and regulatory risk.
Compliance Implications for Societies on the List
Inclusion in the MSCS Act 2002 list subjects a society to ongoing statutory obligations under the Act.
Key compliance implications include:
- Mandatory filing of annual returns and statutory documents
- Submission of audit reports as prescribed
- Compliance with governance and record-keeping requirements
- Cooperation with inspection or inquiry initiated by the Central Registrar
Failure to comply may result in penalties, suspension of management, or cancellation of registration, which is then reflected in the list.
Due Diligence and Risk Assessment
For members, lenders, and institutions, verification through the MSCS Act 2002 list is a critical risk-mitigation step.
A proper due diligence review involves:
- Confirming the society’s presence on the official CRCS list
- Matching registration details with constitutional documents
- Reviewing historical changes in status or registration particulars
- Identifying any adverse remarks or regulatory actions
This process helps avoid association with improperly registered or non-compliant entities.
Role of Legal Counsel: Vivek Tiwari & C
Interpreting entries in the MSCS Act 2002 list often requires legal insight, especially where compliance history or regulatory action is involved.
Vivek Tiwari & Co assists clients with:
- Verification and legal interpretation of list entries
- Advisory on compliance obligations post-registration
- Assistance with rectification, filings, and responses to notices
- Representation before the Central Registrar in registration-related matters
Our focus is on ensuring that the society’s legal status, as reflected in the official list, accurately represents its compliance position.
Conclusion
The MSCS Act 2002 list is the cornerstone of the regulatory framework governing multi-state cooperative societies. It establishes legal identity, confirms operational authority, and reflects the regulatory status of registered societies. Accurate interpretation and regular verification of this list are essential for compliance, governance, and risk management. Vivek Tiwari & Co offers professional legal support to ensure that societies and stakeholders remain aligned with the statutory requirements of the Multi-State Cooperative Societies Act, 2002.
Frequently Asked Questions
What is the MSCS Act 2002 list?
It is the official register of multi-state cooperative societies maintained by the Central Registrar under the MSCS Act, 2002.
Why is the MSCS Act 2002 list important?
It provides legal confirmation of registration and is relied upon for compliance verification and due diligence.
Is inclusion in the list sufficient for compliance?
No. Registration must be followed by continuous compliance with statutory obligations under the Act.
What happens if a society’s registration is cancelled?
The cancellation is recorded by the Central Registrar and reflected in the official list, affecting the society’s legal standing.
How can Vivek Tiwari & Co assist?
The firm provides legal verification, compliance advisory, and representation related to matters under the MSCS Act, 2002.
