|
Sr.
No.
|
Basis of Difference | Joint Hindu Family Firm | Co - Operative Society |
| 1 |
Meaning
|
It is a form of commercial organization. The ancestral (family) business is conducted by the family members of Joint Hindu Family. is created by the operation of Hindu Law. | A Co-operative society is a voluntary association of people who come together on the basis of unity and equality to protect and promote their common economic interest. |
| 2 | Creation | Joint Hindu Family firm is created by the operation of Hindu Law | Formation of co-operative society is comparatively cheaper. |
| 3 |
Membership
|
There is no maximum limit on membership. Membership keeps on changing depends upon the birth and death in the family. | A minimum 10 members are required for formation of a co-operative society though there is no maximum limit |
| 4 | Motive | The main motto of a Joint Hindu Family is to run a family business and there by earning profits. | The main motto of a co-operative is to provide services to members. Profit making is its secondary objective. |
| 5 |
Regulating Law
|
It is governed by the Hindu Law | Co-operative society is governed under Co-operative society Act, 1912. |
| 6 |
Liability of Members
|
Only Karta’s liability is unlimited, co-parcener’s liability is limited. | The Liability of every member in a co-operative society is limited |
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प्रश्न
Co‐operative society and Joint Hindu family firm.
उत्तर
Co - operative Society Joint Hindu Family Firm
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
Distinguish between the following:
Cooperative society and Partnership firm
Write short notes on the following:
Features of a co-operative societies
Match the correct pairs:
| Group “A” | Group “B” | ||
| 1 | Co‐operative society | a | Manager |
| 2 | F.W. Taylor | b | 12 hours service |
| 3 | Directing function | c | One member one vote |
| 4 | A.T.M. | d | Government owned |
| 5 | Rail transport | e | Father of scientific management |
| f | 24 hour service | ||
| g | Owned by private companies | ||
| h | Father of modern management | ||
| i | Maximum business secrecy | ||
| j | Worker |
State with reasons whether the following statements are True or False.
Maximization of profit is the main motto of co-operative society.
Select the proper option from the options given below and rewrite the completed sentence.
The Co-operative societies act was passed in the year ____________
State Whether the Following Statement Are True Or False (Give Reason)
The main purpose of a cooperative organization is to earn profit.
Co-operative society and Joint stock company.
Select the proper option from the options given below and rewrite the completed sentence.
In a co-operative society the principle followed is ________.
Write a word or a phrase or a term which can substitute the following.
The business organization which has minimum ten members.
State with reasons whether the following statement true or false.
Co-operative society differs from other forms of commercial organizations.
Write short answer of the following.
State the types of Co-operative societies.
Write short answer of the following.
State the merits of co-operative societies.
Long answer type question.
Define Co-operative society. Explain its merits and demerits.
Distinguish between: Co-operative Society and Joint Stock Company
How does a cooperative society exemplify democracy and secularism? Explain.
Discuss the characteristics of cooperative form of organisation.
Discuss the merits of cooperative form of organisation.
