The Friendly Societies Act of 1846 was significant because it:
ARestricted the growth of cooperative societies
BExpanded legal recognition and regulation
CIntroduced punitive measures against societies
DFocused solely on agricultural cooperatives
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Consider the following statements on voting rights as per Cooperative Societies Act, 1912. Which of the below statements are correct?
- In limited liability societies, voting right is decided by the bylaw of the society
- In societies with unlimited liability, voting right is limited to one vote per member.
- The proxy appointed by a registered society, for voting in the affairs of another society, should be its member.