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What does Section 2(h) of KCS Act define?

ALimited liability

BJoint liability

CPartial liability

DUnlimited liability

Answer:

D. Unlimited liability

Read Explanation:

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

Related Questions:

What is the main object of a co-operative society that may be registered under Section 4?
The liability of past members towards the debts of the Society exist for a period of years from the data on which he ceased to be a member :
n a federal co-operative society, Managing Committee shall consist of members not exceeding of the total number of members:
Who signs the application if an applicant is a society or a government body?
According to Rule 3(1) of KCS Rules, how many copies of the proposed bye-laws of the society must be enclosed with the application?