Question

…. Commission submitted its report for framing the Co-operative Societies Act of 1904

• A. Sir Edward Law
• B. Fedrick Nicholson
• C. Vaithinadhan
• D. Venkitpai

Answer 1

Answer:

A. Sir Edward Law

• Sir Edward Law headed the committee that reported on the introduction of cooperative societies in India, which led to the passing of the Co-operative Credit Societies Act of 1904.

• The committee was formed after the Indian Famine Commission of 1901, which recommended the establishment of cooperative credit societies to help rural farmers.

• The first legislation on Co-operative Credit Societies, was the Co-operative Credit Societies Act of 1904.

• It was based on the report submitted by Sir Fredrik Nicholson.

• This Act confined itself only to Primary Credit Societies.

• In order to bring the non-credit societies also within its ambit, the Co-operative Societies Act, 1912 was enacted.