Characteristics of co operative society

khushal By khushal, 20th Oct 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Accounting & Finance

The important characteristics of co operative society as follows
1 it is a voluntary association of individuals.

Characteristics of co operative society

The important characteristics of co operative society as follows
1 it is a voluntary association of individuals.
2 it has an open entry for the members.
3 it is registered with the registrar of cooperative society under the cooperative society act, 1912
4 It has a service motive for the society.
5 it is a democratic management.
6 It has a separate legal entity.

Merits and Demerits of co operative society
1st important that what is merits of co operative society so lets starts
Merits
1 The co operative society ensures fair dealing.
2 The membersip of co operative society is generally open.
3 Co operative society based on service object.
4 Co operative society is a democratic funtiin.
5 Co operative society has a limited liability of members limited of members according to their capital contribution.

Tags

Business

Meet the author

author avatar khushal
i am working of business department and i am perfect in business

Share this page

moderator Steve Kinsman moderated this page.
If you have any complaints about this content, please let us know

Comments

author avatar Fern Mc Costigan
21st Oct 2014 (#)

Interesting piece!

Reply to this comment

author avatar tafmona
21st Oct 2014 (#)

great work

Reply to this comment

Add a comment
Username
Can't login?
Password