Question

Visit any Cooperative Societies in your locality and make a report of Characteristics of
that Society. Class 10

Answer 1

It is an autonomous organization created to fulfill the
economic and social goals of it's members.

Profits are shared
on the basis of
their contribution but voting rights are based on ' one member, one vote' principle.

They are governed by the co-operative
societies act and liability at the time of winding up is limited to their contribution.