This is M.Srikanth I have a query regarding Happy future multi purpose cooperative society its registration number is MSCS/CR/869/2013 UNDER CRCS GOVT OF INDIA (NEW DELHI).
I heard it started its operations in Tamilnadu Coimbatore since 2013 and expanded its business in Andhra pradesh &Telangana but till now it does not have online services. Recently they officially launched online portal http://www.onlinehfcs.com/B2BDist/Index.aspx.
They said by the end of March full-fledged online service are provided by society and issue ATM cards also & I also heard that from concerned society chairman these society have applied for licence will get soon banking licence. regarding this i have a query is it possible to get banking licence for these kinds of cooperative societies, past is any societies gave banking licence to do business like this kindly clarify my query by providing required details? if available please provide procedure and guidelines they follow to give licence for these kinds of societies
let me known the details.
I C Naik
If you have any proposal to start banking business establishing a cooperative society, please do let me have a brief write up as to why you want to do that and how you think you are the most eligible person. We give advise on practical situation/problem after stdying the facts.