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Under Section 14B of KCS Act, which arrangement most accurately constitutes a partnership of cooperative societies?

AA cooperative society enters into a service agreement with a private company for management of its operations.

BA cooperative society appoints an individual as its manager on a fixed salary without profit sharing.

CTwo registered cooperative societies agree to jointly run a dairy unit sharing profits and losses proportionately

DTwo cooperative societies collaborate on a project but maintain separate financial accounts and risk profiles.

Answer:

C. Two registered cooperative societies agree to jointly run a dairy unit sharing profits and losses proportionately

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