Question

The minimum of members allowed in a co-operative society is ________.(Fill in the blank by choosing correct option)
a) 20
b) 10
c) 7

Answer 1

Answer:

For the fill in the blank, the correct option is b, i.e. 10 members.

Explanation:

In the case of co-operative society, there is a basic requirement of minimum 10 members to be present to form the society.

Furthermore, the Act to form this co-operative society was in 1912.

Within this desired society, there is the principle of one man, one vote being followed.

Answer 2

Answer:

10

Explanation:

The Co-operative Society Act, 1921 empowers societies to build their agendas and accomplish their objectives. The maximum number of members who can be the founding members of the so-called cooperative society is 10, but not more than it.

The requirements are several and the one which needs to be highlighted is that they hold a legal status i.e they are a statutory body that obviously needs to be registered.