Advertisements
Advertisements
Question
Discuss the characteristics of cooperative form of organisation.
Advertisements
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
Distinguish between the following:
Cooperative society and Partnership firm
State the Types of co-operative society
Merits and Demerits of Co-operative Society?
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 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 ________.
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.
The membership of a co-operative society is voluntary.
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 merits of co-operative societies.
Explain the Types of Co-operative Society?
State Whether the Following Statement Are True Or False (Give Reason)
Profit maximization is the motto or object of Co-operative Organisations.
Discuss the merits of cooperative form of organisation.
Discuss the limitations of cooperative form of organisation.
