Question

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

• A. 1904
• B. 1902
• C. 1912
• D. 1901

Answer 1

Answer:

A. 1904

Co-operative Credit Societies Act-1904:

• 1^st 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.