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Consider the following statements and choose the incorrect statement about the 1904 Act.

  1. Audit inspection and enquiry could not be conducted
  2. Credit and non credit Societies can be formed under the 1904 Act
  3. Only individuals allowed as members under the 1904 Act
  4. Prior to the 1904 Act, Society was registered under the companies act of 1882

    A1 മാത്രം തെറ്റ്

    Bഎല്ലാം തെറ്റ്

    C1, 2 തെറ്റ്

    D2 മാത്രം തെറ്റ്

    Answer:

    C. 1, 2 തെറ്റ്

    Read Explanation:

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    Who has the power to make Rules

    Which of the following statements are incorrect regarding the 1904 act.

    1. Rural Society shall have 1/5th of their members as agriculturist.
    2. Edward law Committee stated that the movement did not take long to agrow the dreams of its founders.
    3. The Co-operative Credit Societies Act of 1904 was the first Co-operative legislation in India.
    4. 1904 Act is also known as the Act 10 of 1904
      The First Co-operative Society formed in Malabar area
      According to the Co-operative Credit Societies Act of 1904, the annual audit of each Co-operative Society was the duty of
      The only Central bank at the time of formation of Kerala State