Question

Under Section 5(2) of KCS Act, can a co-operative society with limited liability omit the word 'Limited' from its name?

• A. Yes, if the society has more than 500 members.
• B. Yes, if the society is registered under the Societies Registration Act.
• C. No, it is optional, and can be omitted with permission from the Registrar.
• D. No, it is mandatory

Answer 1

Answer:

D. No, it is mandatory

Sec 5 –Registration with limited liability only

• Sec 5(1)-Co-operative society shall be registered only with limited liability

• Sec 5(2)-The word ‘limited’ or its equivalent in any Indian language shall be the last word in the name of a society registered under this Act with limited liability.

• Sec 2(g)-Limited Liability

• Sec 2(h)-Unlimited Liability