Question

What role does the **Registrar of Co-operative Societies** typically play regarding an Industrial Co-operative?

• A. Approving loan applications from members
• B. Setting interest rates for the society's savings schemes
• C. Auditing the society's accounts and supervising compliance with the Act
• D. Directly managing the day-to-day operations of the co-operative

Answer 1

Answer:

C. Auditing the society's accounts and supervising compliance with the Act

• The Registrar's core function is regulatory, including registration, audit, inquiry, and arbitration.