The Audit fee according to the 1904 Act was
A5% of Net profit
B10% of net profit
C50 paise of every 100 Rupees
DNo Audit fee charged
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Related Questions:
The characteristic features related to formation, objectives, functioning of Designer vs. Greenhouse Cooperatives are enlisted below. Which combination of features best describes Greenhouse Cooperatives?
- Local efforts grow on their own
- Self-patterned model
- Mobilisation of hidden resources
- Blue print approach
- Discourse
Which Co-operative Societie Act, controlled and regulated Markets in Kerala
Consider the following statements and choose the incorrect statement about the 1904 Act.
- Audit inspection and enquiry could not be conducted
- Credit and non credit Societies can be formed under the 1904 Act
- Only individuals allowed as members under the 1904 Act
- Prior to the 1904 Act, Society was registered under the companies act of 1882
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.
Edward law Committee was formed in the year