GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bylaws
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General Body
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Co-operative Act
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Co-operative rules
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Detailed explanation-1: -A co-operative society needs to be established under the Co-operative Societies Act, 1912. It can also be created under the applicable state co-operative society’s regulation. A co-operative society can be created by a minimum of 10 adult members.
Detailed explanation-2: -During the first years (between 1904 and 1912) the law only allowed primary (local) co-operatives, without the right to federate and to from unions or federations.
Detailed explanation-3: -The 1904 Cooperative Societies Act, was repealed by 1912 Cooperative Societies Act which provided for formation of Cooperative societies other than credit.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.