feature of cooperative society
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Features of a Cooperative Society
As it is a voluntary association, the membership is also voluntary. ... There is limited liability of the members of co-operative society. Liability is limited to the extent of the amount contributed by members as capital. An elected managing committee has the powers to take decision
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(1)The membership of cooperative society is voluntary.
(2)A member has only one vote irrespective of the number of shares held by him.
(3)Registration provides it a separate legal entity.
(4)Anyone having interest is free to join cooperative society.
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