Question

The payments required to be made for acquiring rights of a member are:

(1) admission fees

(2) subscription to share capital

(3) affiliation fees

(4) membership renewal fees

• A. (1) only
• B. (1) and (2) Only
• C. (4) only
• D. (3) and (4) only

Answer 1

Answer:

B. (1) and (2) Only

To acquire the rights of a member in a co-operative society, a person must: Pay the admission fee – a one-time fee for joining the society. Subscribe to the share capital – purchase shares to become a member and have voting rights. Affiliation fees are for joining federations or associations, not the primary society. Membership renewal fees are periodic and do not grant initial membership rights.