Advertisements
Advertisements
Question
Discuss the characteristics of cooperative form of organisation.
Solution
The word ‘cooperative’ means an organisation in which the stakeholders work with one another. Thus, a cooperative society is a voluntary association of individuals who join together to protect or promote their common interests.
Features of Cooperative Societies
(a) Separate legal entity: The registration of a cooperative society is compulsory under the Cooperative Societies Act, 1912. Once the registration is complete, the cooperative society is granted the status of a separate legal entity. This implies that the cooperative society can hold properties in its own name and enter into contracts. Moreover, it can sue others and can be sued by others.
(b) Management and control: A cooperative society is a democratic form of organisation as it is managed and controlled by a managing committee which is elected by the members of the society on the principle of ‘one member, one vote’.
APPEARS IN
RELATED QUESTIONS
State the Types of co-operative society
Match the correct pairs:
| Group ‘A’ | Group ‘B’ |
| (a) Co - operative Society | (1) The father of Modern Management |
| (b) ‘e’ Business | (2) President of national commission |
| (c) District Judge | (3) Not directly related to human beings. |
| (d) F.W. Taylor | (4) Outsourcing |
| (e) Staffing | (5) One share one vote |
| (6) President of District forum | |
| (7) Father of Scientific Management | |
| (8)Electronic Business | |
| (9) Right people to right jobs. | |
| (10) One member one vote. |
Merits and Demerits of Co-operative Society?
Write short notes on the following:
Features of a co-operative societies
Co‐operative society and Joint Hindu family firm.
State with reasons whether the following statements are True or False
Co-operative soc iety differs from.other forms of commercial orge1nisations.
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.
(1) Minimum ................ members are required for the formation of a co-operative society.
Select the proper option from the options given below and rewrite the completed sentence.
In a co-operative society the principle followed 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 note on the following.
Merits of Co-operative society.
State with reasons whether the following statement true or false.
Maximization of profit is the main motto of co-operative society.
Write short answer of the following.
State the types 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
Describe briefly different types of cooperative societies.
