Who is the first registrar of cooperative societies kerala?
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Moolam Thirunal Ramavarma is the first registrar of cooperative societies kerala.
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Moolam Thirunal Ramavarma is the first registrar of cooperative societies of Kerala. A cooperative society is a cooperative effort of members to form an organisation for various activities pertaining to their society.
Features of Cooperative Societies
- Membership in such societies is on a voluntary basis. However, the members must have common goals and interests.
- Such societies are democratic in nature, and therefore every member has equal voting rights.
- The main objective of such societies is to serve the members and doesn't function on the motive of profits.
- The societies serve as a direct relationship between the members and customers, and thus services of middlemen are eliminated.
It is necessary for a cooperative society to be registered under the Cooperative Societies Act, 1912 and it is then considered to be a separate legal entity.
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