Question

Minimum number of members required to start an industrial Co-operative society is:

• A. Two
• B. Seven
• C. Ten
• D. Twenty

Answer 1

Answer:

C. Ten

Co-operative Societies Act of 1912:

• Established on – 1^st March, 1912
• Act II of 1912
• Also called Rectification Act or Grand father or God father or God master of co-operative law in India
• Minimum number of persons required to form Co-operative Society is - 10.
• Act contains - 50 sections & no rules.
• Viceroy of India during the enactment of 1912 Act - Lord Hardinge Ⅱ.
• 1912 Act was passed to rectify the defect of - 1904 Act.
• Can get membership above the age of - 18