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Under the amended Section 7 of the Co-operative Societies Act, which of the following is a new condition for the registration of a society?

AThe area of operation of the proposed society must overlap with another society of similar type.

BProposed credit societies must have collected a minimum share capital of Rs.2,50,000 and non-credit societies Rs.1,00,000.

CAll societies must complete registration within ninety days.

DThe Registrar may ✔ use registration without giving reasons.

Answer:

B. Proposed credit societies must have collected a minimum share capital of Rs.2,50,000 and non-credit societies Rs.1,00,000.

Read Explanation:

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