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The Co-operative legislation in India started in the year.

A1904

B1902

C1912

D1901

Answer:

A. 1904

Read Explanation:


Co-operative Credit Societies Act-1904:

  • 1st Co-operative legislation in India - Act of 1904
  • Came into force on - 25th March, 1904
  • This Act leads to the beginning of co-operative movement in India.
  • It started as a govt sponsored scheme
  • Contain 29 sections & no rules
  • Based on British friendly societies Act 1896.
  • Prior to the 1904 Act, societies or associations formed, were registered under the companies Act 1882.

Related Questions:

Apeal against liquidation shall be given within …. from the date of such order.
What is the total number of Sections in 1904 Act.

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
    As per the 1904 Act the Co-operative Societies where classified as … and ….
    Cash trading' is suggested as one of the Co-operative Principles by