state the minimum and maximum number of members in co operative society
Answers
Answer:
A minimum of ten members are required to form a cooperative society. The Co operative societies Act do not specify the maximum number of members for any co-operative society. However, after the formation of the society, the member may specify the maximum number of members.
Minimum and maximum member in co-operative society
Explanation:
Co-operative society is a voluntary group of people formed in order to meet the common goal and hence the business is managed as well as services are used by same group of people.
the minimum number of member is 10 for co-operative society while there is no limit on the maximum number of members. but after the formation of the co-operative society the the maximum number of members can be fixed.
Learn more:
meaning of co-operative society
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