Consider the following about 1904 Act and choose the correct statement.
- The 1904 Act came into force on 25th March, 1904.
- Only 15 person live in the same village or town or belonging to the same class or caste are required to form a Co-operative Society.
- The liability of members of a rural society limited, while in the Case of urban Society, it was unlimited.
- The co-operative Credit Society Act of 1904 contains only 29 Sections and no rules.