Question

NCUI is registered under which Act?

• A. Cooperative Societies Act, 1912
• B. Companies Act, 1956
• C. Multi Unit Cooperative Societies Act, 1942
• D. Banking Regulation Act, 1949

Answer 1

Answer:

C. Multi Unit Cooperative Societies Act, 1942

NCUI is registered under the Multi Unit Cooperative Societies Act, 1942, which allows cooperatives to operate across more than one state. other options are wrong: A. Cooperative Societies Act, 1912 – State-level act B. Companies Act – Applies to companies, not cooperatives D. Banking Regulation Act – Applies to banks only