ASecretary
BManaging Committee.
Cpresident
DGeneral Body
Answer:
B. Managing Committee.
Read Explanation:
In a cooperative society, the admission of members and allocation of shares is typically done by the Board of Directors or Management Committee. The specific process often involves the following steps:
Application Process: Interested individuals usually need to submit an application for membership, which may include providing personal information and agreeing to abide by the cooperative's rules.
Approval by the Board: The Board of Directors reviews the applications and decides whether to accept new members based on criteria set in the cooperative's bylaws.
Allocation of Shares: Once a member is admitted, shares are allocated according to the cooperative’s rules. This may involve issuing a specific number of shares or assigning a certain value based on the member's contributions.
Member Rights: Each member typically has equal voting rights, regardless of the number of shares held, which ensures democratic participation in decision-making.