What is Cooperative Society is a special form of organization. It differs from other major forms of organizations as it in set up not to earn profit but to. What is Cooperative Society is a special form of organization. It differs from other major forms of organizations as it in set up not to earn profit but to. PDF Cooperatives have evolved significantly over the last 200 years and are of increasing importance to economies throughout the world. Yet, cooperatives are marginalised and treated as.
- Cooperative Society Bihar
- Cooperative Society Act Pdf
- Cooperative Society Regulations Tanzania Pdf
- Consumer Cooperative Society Pdf
- The Co Operative Society
- Farmers Cooperative Society Pdf
A business organization can take many forms. One such form is that of a cooperative society. Such societies have unique features of joint ownership and democratic leadership. Let us take a brief look at their features and some types of societies.
Cooperative Society Bihar
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- Advantages of Cooperative Society 1. Easy to form: The formation of a cooperative society is very simple as compared to the formation of any other form of business organisations. Any ten adults can join together and form a cooperative society. The procedure involves in the registration of a cooperative society is very simple and easy.
- Mar 13, 2018 Name of the Society (b) The society shall follow the procedure laid down under Section 15 of the Act and Rule 14 of the Rules for the change of its name. Procedure for changing the name. (c) The society is classified under major class “Housing” with sub-class Tenant Co-partnership Housing Society.” Classification. Address of the society.
Introduction
A cooperative society is not a new concept. It prevails in all the countries, this is almost a universal concept. The cooperative society is active in all countries worldwide and is represented in all the sectors including agriculture, food, finance, healthcare, etc.
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To protect the interest of weaker sections, the co-operative society is formed. It is a voluntary association of persons, whose motive is the welfare of the members.
Features of a Cooperative Society
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- As it is a voluntary association, the membership is also voluntary. A person is free to join a cooperative society, and can also leave anytime as per his desire. Irrespective of their religion, gender & caste, membership is open to all.
- It is compulsory for the co-operative society to get registration. The co-operative society is a separate legal identity to the society.
- It does not get affected by the entry or exit of its members.
- There is limited liability of the members of co-operative society. Liability is limited to the extent of the amount contributed by members as capital.
- An elected managing committee has the powers to take decisions. Members have the right to vote, by which they elect the members who will constitute the managing committee.
- The cooperative society works on the principle of mutual help & welfare. Hence, the principal of service dominates it’s working. If any surplus is generated, it is distributed amongst the members as a dividend in conformity with the bye-laws of the society.
![Cooperative Society Pdf Cooperative Society Pdf](/uploads/1/2/6/1/126151454/526790720.png)
Types of Cooperative Society
1] Producer Cooperative
To protect the interest of small producers, these societies are set up. The co-operative society members may be farmers, landowners, owners of the fishing operations. To increase the marketing possibilities and production efficiency, producers decide to work together or as separate entities.
![Cooperative Society Pdf Cooperative Society Pdf](/uploads/1/2/6/1/126151454/348800540.jpg)
They perform several activities like processing, marketing & distributing their own products. This helps in lower costs and strains in each area with a mutual benefit to each producer.
2] Consumer Cooperative
Cooperative Society Act Pdf
These businesses are owned and governed by consumers of a particular area for their mutual benefit. Their view is to provide daily necessary commodities at an optimum price. Rather than earning a pecuniary profit, their aim is towards providing service to the consumers.
Cooperative Society Regulations Tanzania Pdf
3] Credit Unions
Credit unions are generally member-owned financial cooperatives. Their principle is of people helping people. They provide credit and financial services to the members at competitive prices. Each and every depositor has the right to become a member. Members attend the annual meeting and are given rights to elect a board of directors.
4] Marketing Cooperative Society
Consumer Cooperative Society Pdf
With an aim of helping small producers in selling their products, these societies are established. The producers who wish to obtain reasonable prices for their output are the members of this society.
For securing a favourable market for the products they eliminate the middlemen and improve the competitive position of its members. It collects the output of individual members. Various marketing functions like transportation, packaging, warehousing, etc are performed by the cooperative societies to sell the product at the best possible price.
5] Housing Cooperative Society
To help people with limited income to construct houses at reasonable costs, these societies are established. Their aim is to solve the housing problems of the members. Sumpah bunian episode 11. A member of this society aims to procure the residential house at lower cost.
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They construct the houses and give the option to members to pay in installments to purchase the house. They construct flats or provide plots to members on which the members themselves can construct the houses as per their choice.
Solved Example for You
Q: In a co-operative society, the principle followed is:
The Co Operative Society
- One man one vote
- No vote
- Multiple votes
- One share one vote
Farmers Cooperative Society Pdf
Answer: (a) one man one vote. A cooperative society is democratically managed and follows this system completely. Unlike in a company, the votes are not according to shares. Rather every member represents one vote. So option A is correct.