4 Questions
Which act makes the registration of a cooperative society compulsory?
The Indian Cooperative Societies Act
How many members are required to form a cooperative society?
10 members
What is the main goal of a cooperative society?
Promotion of common goals
What is the key characteristic of a cooperative society?
Voluntary association
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.
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.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
