Advertisements
Advertisements
प्रश्न
Long answer type question.
Define Co-operative society. Explain its features.
उत्तर
The word “co-operative” means “an organisation wherein the stakeholders work with one another”. Thus, a co-operative society is a voluntary association of individuals who work together to protect or promote their common interests.
Features of a co-operative society:
- Separate legal entity: The registration of a co-operative society is compulsory under the Co-operative Societies Act 1912. Once the registration is complete, the company is granted the status of a separate legal entity. This implies that it can hold properties in its name and enter into contracts. Also, the company can sue others and can be sued by others.
- Management and control: In a co-operative society, the management and control lie in the hands of a managing committee formed by its members.
- Democratic Management: A co-operative society is a democratic form of organisation, as it is managed and controlled by a managing committee formed by its members following the principle of “one member, one vote”.
- Equal voting rights: A co-operative society grants equal voting rights to all its members. This implies that each member in the society has an equal voting right, irrespective of the amount of capital contributed by him/her in the society.
- Limited liability: In a co-operative society, the liability of all members is limited to amount of capital invested by them in the business. In other words, the personal property of the members cannot be used for paying off the liabilities of the business.
- Service motive: The primary objective of a co-operative organisation is to provide services to its members, while its secondary objective is to earn profit. Thus, it works in the interest of its members and provides goods and services to them.
APPEARS IN
संबंधित प्रश्न
The maximum number of partners for a firm carrying on banking business is .............. .
State Whether the Following Statement Are True Or False (Give Reason)
Division of work is not required in organising a function.
Multinational companies have a network of subsidiaries in _________.
Select the proper option from the options given below and rewrite the completed sentence.
Business organization which is controlled by Hindu succession Act is known as ________
Match the correct pairs.
| Group “A” | Group “B” | ||
| a) | Private company | 1) | Compulsory |
| b) | Public company | 2) | Minimum 7 members |
| c) | Common Seal | 3) | Maximum 50 members |
| d) | Registration of a company | 4) | 61% share capital |
| e) | Government company | 5) | 51% share capital |
| 6) | Symbol of a company | ||
| 7) | Optional | ||
| 8) | Simple formation | ||
| 9) | Easy dissolution | ||
| 10) | Hindu succession Act 1956 |
Write a word or a phrase or a term which can substitute the following.
An elected body of representatives of a co-operative organization for its day-to-day administration.
Write short note on the following.
Merits of Joint stock company.
State with reasons whether the following statement true or false.
The maximum number of members in a Joint Hindu family is 20.
State with reasons whether the following statement true or false.
Share holders can manage the business.
State with reasons whether the following statement true or false.
In partnership agreement may be oral or written.
State with reasons whether the following statement is true or false.
The owner of the sole proprietorship is the sole decision maker of his business.
State with reasons whether the following statement is true or false.
Sole Proprietorship is useful for small business.
Write short answer of the following.
State the merits of partnership firm.
Write short answer of the following.
State the point of choice of forms of business organization.
Long answer type question.
Define partnership firm. Explain its merits and demerits.
Long answer type question.
Define a Joint Hindu family firm. Explain its merits and demerits.
Why is it important to choose an appropriate form of organisation?
