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प्रश्न
Justify the following statement.
Co-operative Society is eligible to be a member of the company.
उत्तर
(1) A co-operative society is an association formed voluntarily by a minimum of 10 members or more having common economic interests to conduct business to render services to its members and to earn a reasonable profit for survival and growth. Co-operative Banks, Co-operative Housing Societies, Consumer Co-operative Stores, etc. are examples of the co-operative society.
(2) It is required to be registered under the cooperative societies Act of the concerned state. Registration of co-operative society is compulsory in all the states in India. A co-operative society being a registered entity (distinct from its members who formed it) can be a member of the company by purchasing shares in its own name.
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संबंधित प्रश्न
Explain the following Term/Concept.
Eligibility of Membership
Study the following case/situation and express your opinion.
Mrs. & Mr. A works in a Bank. They have a daughter named Ms. 2 who is 11 years old:
(a) Can Mrs. &Mr. A invests in shares of the company? (b) Can they buy shares in the name of their daughter Ms. Z?
(c) Justify your answer in (a) & (b) in one sentence only.
Study the following case/situation and express your opinion.
M/s. ABC is a partnership firm owned by Dr. A. Dr. B and Dr. C. The doctors want to invest the profits of ABC in the shares of a company:
(a) Can M/s ABC buy the shares of the company?
(b) Can profits of M/s. ABC be invested in shares held in the names of Dr. A or Dr. B or. Dr. C?
(c) Are the doctors eligible to invest in shares of the company?
Study the following case/situation and express your opinion.
ZEN Limited has some investible in profits. Please guide ZEN Limited with respect to the following:
(a)Can ZEN Limited invest in the share of itself?
(b)Can ZEN Limited invest in the Shares of TEN Limited?
(c) Justify your answers in (a) & (b) in one sentence only.
Answer in brief:
State any four ways of acquiring membership of a company.
Answer the following question:
Explain the eligibility of memberships of a company.
