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Whether misuse of funds is possible in co-operatives. - Commerce

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प्रश्न

Whether misuse of funds is possible in co-operatives.

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उत्तर

Yes, misuse of funds is possible in co-operatives. If the members of the managing committee are corrupt, they can swindle the funds of the cooperative society. Many cooperative societies have been faced financial problems and closed down because of corruption and misuse of funds.

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Advantages and Disadvantages of Cooperative
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अध्याय 7: Cooperative Organisation - Exercises [पृष्ठ ६९]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 7 Cooperative Organisation
Exercises | Q IV. 5. | पृष्ठ ६९
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