law: Co-Operative Societies Act, 1912
  6. Conditions of registration
  (1) No society, other than a society of which
  
  a member is a registered society, shall be registered under this Act which does
  
  not consist of at least ten persons above the age of eighteen years and, where
  
  the object of the society is the creation of funds to be lent to its members,
  
  unless such persons:-
  (a) reside in the same
  
  town or village or in the same group of villages; or
  (b) save where the
  
  Registrar otherwise directs, are members of the same tribe, class, caste or
  
  occupation.
  (2) The word "limited" shall be the
  
  last word in the name of every society with limited liability registered under
  
  this Act.