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According to Section 5(1) of KCS Act, a co-operative society can be registered only with which type of liability?

AUnlimited liability

BJoint liability

CSeveral liability

DLimited liability

Answer:

D. Limited liability

Read Explanation:

Sec 5 –Registration with limited liability only

  • Sec 5(1)-Co-operative society shall be registered only with limited liability

  • Sec 5(2)-The word ‘limited’ or its equivalent in any Indian language shall be the last word in the name of a society registered under this Act with limited liability.

  • Sec 2(g)-Limited Liability

  • Sec 2(h)-Unlimited Liability

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