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Questions and Answers
Which act makes the registration of a cooperative society compulsory?
Which act makes the registration of a cooperative society compulsory?
How many members are required to form a cooperative society?
How many members are required to form a cooperative society?
What is the main goal of a cooperative society?
What is the main goal of a cooperative society?
What is the key characteristic of a cooperative society?
What is the key characteristic of a cooperative society?
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Study Notes
Cooperative Society Registration
- The Cooperative Societies Act makes the registration of a cooperative society compulsory.
Formation of a Cooperative Society
- A minimum of 10 members are required to form a cooperative society.
Goals and Characteristics
- The main goal of a cooperative society is to provide service to its members and not to maximize profits.
- The key characteristic of a cooperative society is mutual aid, where members work together for their common benefit.
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Description
Test your knowledge on cooperative societies and their registration process in India. Find out how many members are required to form a cooperative society and learn about the aims and goals of these voluntary associations.
