GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A novel form of cooperative organization known as Producer Company was introduced by amending the ____
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Companies Act, 1913
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Companies Act, 1956
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Cooperative societies Act of 1904
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Cooperative societies Act of 1912
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Explanation:
Detailed explanation-1: -The enactment of Cooperative Credit Societies Act, 1904, however, gave the real impetus to the movement. The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the erstwhile Madras province in October, 1904.
Detailed explanation-2: -The 1904 Cooperative Societies Act, was repealed by 1912 Cooperative Societies Act which provided for formation of Cooperative societies other than credit. Under 1919 Administrative Reforms, Cooperatives was made a provincial subject making each province responsible for Cooperative development.
There is 1 question to complete.