Difference between Joint Stock Company and Cooperative Society A cooperative society in Pakistan, India & Bangladesh is registered under the cooperative Act. The Act thus gives it a special status like a company. A cooperative society enjoys certain special privileges of a company. It is identical to a company in a certain respect but in […]
what are the Advantages and Disadvantages of Cooperative Society
Advantages and Disadvantages of Cooperative Society: These are discussed below; Advantages of Cooperative Society The cooperatives, being a special form of business ownership, enjoy certain advantages which are no availed of by other forms of organizations. The main benefits claimed by different kinds of cooperative societies, in brief, are as under; Advantages of Cooperative Society […]
8 Main Types of Cooperative Society
Types of Cooperative Society There are different types of cooperative society which have been started in the capitalist countries of the world . Some of the cooperatives have been formed to help consumers and other have been established to help producers. There are some societies which help the farmers in providing credit for the purchase of fertilizers. […]
Eleven Principles of Cooperative Society
Principles of Cooperative Society According to the cooperative society’s act 1925. “Cooperative society is a society which has its objectives the promotion of the common interest of its members in accordance with cooperative principles.” The fundamental principles of cooperative Society are as under. Voluntary Membership: The members of a cooperative society are voluntary. The individuals who […]
What is Cooperative Society and its Characteristics
What is Cooperative Society? Cooperative society is a special form of organization. It differs from other major forms of organizations as it in set up not to earn profit but to render services to its members. A cooperative society is defined as an association of individuals who voluntarily pool their resources for carrying on a […]