Membership of Co operative society
This query is : Resolved
tapas aghera
(Querist)
26 March 2011
Can any one pls help me out on this
CAn a Company PRivate or public be member of Cooperavtive society ??
its urgent pls guide me on this
CAn a Company PRivate or public be member of Cooperavtive society ??
its urgent pls guide me on this
RAMESH KUMAR VERMA
(Expert)
26 March 2011
yes,
In India, cooperative societies are regarded as instruments to mobilize and aggregate community effort to eliminate layers of middlemen in any product or service supply chain hence resulting in greater benefit sharing for the grassroot farmer, worker or artisans. The Cooperative Credit Societies Act, 1904 enabled formation of cooperatives for supplying to farmers cheap credit and protect them from exploitation in the hands of the moneylenders. The cooperative act 1912 expanded the sphere of cooperation and provided for supervision by central organization.
https://www.mca.gov.in/Ministry/primers.html
In India, cooperative societies are regarded as instruments to mobilize and aggregate community effort to eliminate layers of middlemen in any product or service supply chain hence resulting in greater benefit sharing for the grassroot farmer, worker or artisans. The Cooperative Credit Societies Act, 1904 enabled formation of cooperatives for supplying to farmers cheap credit and protect them from exploitation in the hands of the moneylenders. The cooperative act 1912 expanded the sphere of cooperation and provided for supervision by central organization.
https://www.mca.gov.in/Ministry/primers.html
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RAMESH KUMAR VERMA
(Expert)
28 March 2011
thanks for put up your query sir in ca club India.
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