Question

According to Section 4, what could prevent a co-operative society's registration besides being economically unsound?

• A. Failure to submit an annual report
• B. Large membership base
• C. Adverse effect on development of the co-operative movement
• D. Engaging in trade beyond its district

Answer 1

Answer:

C. Adverse effect on development of the co-operative movement

Sec 4 : Societies which may be registered

• Subject to the provisions of this Act, a co-operative society which has

• As its object the promotion of the economic interests of its members or of the interests of the public in accordance with co-operative principles, or a society established with the object of facilitating the operations of such a society, may be registered under this Act

• Provided that no co-operative society shall be registered if it is likely to be economically unsound, or the registration of which have an adverse effect on development of co-operative movement.