|
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 |
Advertisements
Advertisements
Question
Co‐operative society and Joint Hindu family firm.
Solution
Co - operative Society Joint Hindu Family Firm
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Distinguish between the following:
Cooperative society and Partnership firm
State the Types of co-operative society
Define Co-operative Society ?
State with reasons, whether the following statement is True or False:
Maximisation of profit is the object of a co‐operative society.
Write short answer of the following.
State the features 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.
One member one vote' is the principle of _________ organisation.
Co-operative society and Joint stock company.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum of members allowed in a co-operative society is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The Maharashtra State co-operative societies Act was came in force in ________.
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
State Whether the Following Statement Are True Or False (Give Reason)
Profit maximization is the motto or object of Co-operative Organisations.
Describe briefly different types of cooperative societies.
