Question

The rules and regulations laid down by the managing committee of a co-operative organization. Answer in a word / phrase / term.

Answer 1

Cooperative organisations are built by the economically weak sections of society in terms of achieving a collective goal against the weird rules of the society.

The co-operative societies follow the rules and regulations laid down by their managing committee in accordance with the Co-operative Societies Act, 1912.

The Act is inclusive of the creation, functioning, membership and winding up of the society.