Can a co-operative society act as a member of a company?

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Can a coperative society act as a member of a company, and holding shares in that company

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A registered co-operative society
A registered co-operative society may become a member of a company, provided it is recognised as a separate legal entity and a society can be treated as a 'person' having separate legal entity apart from the members constituting it and thereby capable of becoming a member of a company

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