Question

Difference between cooperative society and producer company

Answer 1

Cooperative company
1.It registered under the Cooperative society Act
2.Cooperative company is single objected
3.Cooperative company share is not tradable and transformable
4.Cooperative company Area of operation is restricted
5.Cooperative company membership is individual and cooperatives
6.InCooperative company one member can vote only one vote but register of cooperatives have veto power
7.Cooperative company borrowing power is restricted
Producer company
1.Producer company registered under the Indian company Act
2.Producer company is multi objectives
3.Producer company area of restriction is entire union of India take operation
4.Producer company share is not Tradable but it can transferable to limited members on per value
5.Producer companymembership will be individual, group, Association, producer of service.
6.InProducer company one member can vote only one vote company can not hold veto power.
7.Producer company borrowing power is more freedom and more alternative.