International Co-operative Alliance (ICA) Congress of 1931 resolved to appoint a Committee to examine the applica-tion of Rochdale principles. A person is free to join a cooperative society, and can also leave anytime as per his desire. Some of these in Nigeria are: consumer cooperative society, thrift and credit cooperative society, retail and wholesale cooperative society. Each for all and all for each is the principles of a co-operative society. Cooperative society must be registered and operated following the Cooperative Act, 1940. Knowledgiate Team February 2, 2019. The organization of cooperative society is a democratic body.
Features of Cooperative Society.
Principles Or Features Of Cooperative Society. Some are the following: Voluntary Association; The membership of cooperative societies is voluntary. The Committee made its final report in 1934 in Paris. A person can join cooperative society anytime or leave as per his desire. A cooperative society, also known as cooperation, is formed when a group of individuals comes together for a certain benefit. A cooperative society is formed with the main objective to serve the people and develop the economic condition within society. All plans, policies and programs of the society are decided by the majority of its members in the general meeting. The aim of a cooperative society is to protect the economic interests of members in the face of possible exploitation at the hands of middlemen obsessed with the desire to earn greater profits. Every member has got equal right over the function and management of that society. As such each member is empowered it one vote irrespective of number of shares held or capital contributed. 1. 952 4 minutes read. Cooperative society was originated from the word of co-operating which indicates assistance.
There are many different types of cooperative …
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Co-operative society in India. Features of Cooperative Society: Voluntary Association : A cooperative society is a voluntary association of people who have a desire of improving their financial condition through joint action. What are the Characteristics or Features of Co-operatives?
Religion, gender & caste do not matter in cooperative society. The principles are equity, unity, cooperative, demarcation, coordination, and austerity.
It was named the Society of Fair Pioneers of the Rochdale city. Features, Types, Role and Importance of Cooperative Organization. There are many features of cooperative societies.
The cooperative organization is based on democratic principles. What are the features of a cooperative society? Since then, the cooperative society have become widespread all over the world.
3. There cannot be any compulsion for him to join or quit a society. A cooperative society is formed by the people of limited means for self help through mutual help. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Membership is open to all. A person can join cooperative society anytime or leave as per his desire. The cooperative society itself is a voluntary association, hence the membership of a cooperative society is voluntary. They also help take care of the crop or livestock in turns.
Cooperative society must be registered and operated following the Cooperative Act, 1940. Voluntary association and open membership It is voluntary association in which membership is open for all people with common interest.
People can come together to satisfy the needs with common effort. Following are the characteristics of Co-operative Society 1. Features of Cooperative Societies. Introduction: - A Co-operative society is a voluntary association of people who come together on the basis of unity and equality to protect and promote their common economic interest. It is set up to protect economically the poor sections of the society. Article shared by. Voluntary Association : A cooperative society is a voluntary association of people who have a desire of improving their financial condition through joint action. Before starting off on Co-operative society in India, at first one should know what is a Co-operative Society i.e.
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