Cooperative Society and its features

MAY 11, 2020

 DAY 1

 2nd period in 11 A and 4th period in 11 B

 THANK YOU FOR LOGGING IN. GOOD MORNING BOYS!

 NEXT FORM OF BUSINESS ORGANISATION IS COOPERATIVE SOCIETY.

 LEARNING OUTCOMES- At the end of the topic, students will be able to-
a) State the meaning of cooperative society.
b) Explain the features of cooperative society.

 WATCH A SMALL VIDEO FIRST TO UNDERSTAND THE TOPIC BETTER:

Ques 18  What is a cooperative society ? Explain the features of a cooperative society. (6)
Ans- The co-operative society is a voluntary association of persons who join together to work for a common purpose, with the motive of welfare of the members. For example- Mother Dairy, Amul, etc.
The features of cooperative society are as follows:
1. Formation-
a)It can be formed with a minimum of 10 individuals and they must be registered under the
Cooperative Societies Act, 1912 which provides a distinctive legal identity to the society . 
b)The capital is raised amongst the members through the issue of shares.
2. Voluntary Membership-
a) The membership of a cooperative society is voluntary. Any person who is above 18 years of age and has a common interest can become a member.
b) All individuals irrespective of the gender, caste or religion can become members of a cooperative society. Individuals are free to join or leave the society after serving a short notice in this regard.
3. Legal status-
a) Registration under Cooperative Societies Act gives an identity separate from its members .
b) The society can enter into contracts, purchase property in its own name, file case against others , etc. The society is not affected by the entry or exit of its members because of its separate legal entity.
4. Limited Liability-
a) The members of a cooperative society enjoy limited liability .
b) Maximum liability of each member is the amount of capital contributed by them in the form of share capital.
5. Control -
a) Cooperative society are run in a democratic manner , the affairs are managed by the elected
managing committee through one man one vote.
b) All the decisions are taken by the managing committee in consultation with all the members of the society.
6. Service motive -
a) The cooperative society works with the main motive of mutual help.
b) Any surplus if earned while carrying society work is distributed among the members of the society as per the bye laws of the society.

 GOD BLESS YOU ALL!

Comments

  1. IshantMay 11, 2020 at 7:37 AM

    Ishant
    11-A
    Roll no. 1

    ReplyDelete
  2. #Yash pandey#May 11, 2020 at 7:43 AM

    Yash pandey
    11A
    33

    ReplyDelete
  3. UnknownMay 11, 2020 at 7:48 AM

    Aviral Rai
    11-A
    Roll No. 35

    ReplyDelete
  4. Aadit ManglaMay 11, 2020 at 7:57 AM

    Aadit Mangla
    11-A
    Roll No. 31

    ReplyDelete
  5. Pranav DhawanMay 11, 2020 at 8:04 AM

    Pranav Dhawan
    Roll no. 9
    11-A

    ReplyDelete
  6. Sabhya JunejaMay 11, 2020 at 8:07 AM

    Sabhya Juneja
    11-A

    ReplyDelete
  7. Darsh JainMay 11, 2020 at 8:18 AM

    Darsh Jain
    11-A
    Roll no. 19

    ReplyDelete
  8. Pranshu ShrivastavaMay 11, 2020 at 8:20 AM

    Pranshu Shrivastava
    11-A
    Roll No.42

    ReplyDelete
  9. HebinMay 11, 2020 at 8:20 AM

    Hebin Jose
    11-A
    Roll No-22

    ReplyDelete
  10. SURYA GARGMay 11, 2020 at 8:20 AM

    Surya Garg
    11-A
    13

    ReplyDelete
  11. Saiteja ChalikeMay 11, 2020 at 8:21 AM

    Saiteja Chalike
    11-A
    6

    ReplyDelete
  12. DanielMay 11, 2020 at 8:22 AM

    Daniel Sujal Rozario
    11 A

    ReplyDelete
  13. Darell PintoMay 11, 2020 at 8:22 AM

    Darell Pinto
    11-A
    34

    ReplyDelete
  14. Edwin sajiMay 11, 2020 at 8:23 AM

    Edwin saji Roll no 39 11 A

    ReplyDelete
  15. ANSH GUPTAMay 11, 2020 at 8:24 AM

    ANSH GUPTA
    11 A
    16

    ReplyDelete
  16. GARVIT GUPTAMay 11, 2020 at 8:24 AM

    Garvit Gupta
    11-A
    17

    ReplyDelete
  17. Zaid khanMay 11, 2020 at 8:24 AM

    Zaid Khan
    11-A
    26

    ReplyDelete
  18. Dhruva V GroverMay 11, 2020 at 8:24 AM

    Dhruva V Grover
    11-A
    Roll No.15

    ReplyDelete
  19. UnknownMay 11, 2020 at 8:26 AM

    Arnav Rastogi
    XI-A

    ReplyDelete
  20. UnknownMay 11, 2020 at 8:28 AM

    Sujay Massey
    Rollno.32
    11-A

    ReplyDelete
  21. Devyaan AroraMay 11, 2020 at 8:28 AM

    Devyaan Arora
    11-A
    Roll no.3

    ReplyDelete
  22. Reuben JosephMay 11, 2020 at 8:30 AM

    Reuben Joseph
    11-A
    Roll no.23

    ReplyDelete
  23. SURYANSH GOVINDMay 11, 2020 at 8:33 AM

    SURYANSH GOVIND.
    11-A
    ROLL NO 14..

    ReplyDelete
  24. Vareny ManchandaMay 11, 2020 at 8:36 AM

    Divye Manchanda
    11A
    Roll no 30

    ReplyDelete
  25. AkhileshMay 11, 2020 at 8:37 AM

    Akhilesh Satyaevan
    11-A
    Roll no.40

    ReplyDelete
  26. ShivangMay 11, 2020 at 8:37 AM

    Shivang singhal
    XI A
    Roll no.44

    ReplyDelete
  27. Madan AgarwalMay 11, 2020 at 8:42 AM

    Madan Agarwal
    XI-A
    Roll No.2

    ReplyDelete
  28. Apaar SinghMay 11, 2020 at 8:43 AM

    Apaar Singh Chugh
    11-A
    Roll No.-7

    ReplyDelete
  29. UnknownMay 11, 2020 at 8:50 AM

    Saksham Kathuria
    11-A

    ReplyDelete
  30. VirajMay 11, 2020 at 8:51 AM

    Viraj Singh sahrawat 11A 43

    ReplyDelete
  31. UnknownMay 11, 2020 at 8:54 AM

    Tanish jain
    11 A
    21

    ReplyDelete
  32. SaatvikMay 11, 2020 at 9:00 AM

    27 saatvik Khanna

    ReplyDelete
  33. UnknownMay 11, 2020 at 9:05 AM

    pratham dua
    11

    ReplyDelete
  34. AnonymousMay 11, 2020 at 9:49 AM

    Abel Jacob Tharyan
    11-B
    Roll no - 43

    ReplyDelete
  35. Hasan shahidMay 11, 2020 at 9:49 AM

    Hasan shahid
    Roll no.33
    11-B

    ReplyDelete
  36. Mark EdwardMay 11, 2020 at 9:49 AM

    Mark Edward
    Roll no 9
    11-B

    ReplyDelete
  37. Elvis MarshallMay 11, 2020 at 9:49 AM

    Elvis Marshall
    Roll no 22
    11B

    ReplyDelete
  38. Sam AlexanderMay 11, 2020 at 9:49 AM

    john
    alexander
    11B
    roll no 4

    ReplyDelete
  39. UnknownMay 11, 2020 at 9:49 AM

    Mohd Adnan
    Roll no 2
    11 B

    ReplyDelete
  40. UnknownMay 11, 2020 at 9:50 AM

    Abhideep Barua 11-B

    ReplyDelete
  41. GATIJ SHRIVASTAVAMay 11, 2020 at 9:51 AM

    Gatij Shrivastava
    Roll no. 32
    Class 11B

    ReplyDelete
  42. UnknownMay 11, 2020 at 9:51 AM

    Austin peter
    11B
    27

    ReplyDelete
  43. Yatishraajiv Roll no 44May 11, 2020 at 9:52 AM

    28

    ReplyDelete
  44. Aadi NagMay 11, 2020 at 9:52 AM

    Aadi Nag
    Roll No. 23

    ReplyDelete
  45. SimonMay 11, 2020 at 9:53 AM

    Simon Kujur
    Class 11-B
    Roll no. 19

    ReplyDelete
  46. AaravMay 11, 2020 at 9:54 AM

    Aarav sharma
    11B

    ReplyDelete
  47. Jeff Frazear JamesMay 11, 2020 at 9:55 AM

    Jeff Frazear James
    Roll no 15

    ReplyDelete
  48. Kevin AlexanderMay 11, 2020 at 9:56 AM

    Kevin Alexander
    Roll no 3
    11 B

    ReplyDelete
  49. Shazim AliMay 11, 2020 at 9:58 AM

    Shazim Ali
    Roll no 5
    11B

    ReplyDelete
  50. AlbertMay 11, 2020 at 9:58 AM

    Albert kalampadan linson 11 B roll no 21

    ReplyDelete
  51. S U N N Y ♔May 11, 2020 at 9:58 AM

    Sunny Joy
    47

    ReplyDelete
  52. Shubhankar JainMay 11, 2020 at 9:59 AM

    shubhankar jain
    11-b

    ReplyDelete
  53. Krishiv NayyarMay 11, 2020 at 10:00 AM

    Krishiv Nayyar
    11-B
    ROLL NO. 24

    ReplyDelete
  54. Samaksh KatyalMay 11, 2020 at 10:01 AM

    Samaksh Katyal
    Roll no. 16
    11-B

    ReplyDelete
  55. Saransh KatyalMay 11, 2020 at 10:01 AM

    Saransh Katyal
    Class 11 B
    Roll no.17

    ReplyDelete
  56. Manshay BhandariMay 11, 2020 at 10:01 AM

    Manshay Bhandari
    11-B
    Roll No-7
    Present

    ReplyDelete
  57. Harsh MehtaMay 11, 2020 at 10:01 AM

    Good Morning Ma'am
    Harsh Mehta
    11-B
    Roll No. 23

    ReplyDelete
  58. Pratham JainMay 11, 2020 at 10:02 AM

    Pratham Jain
    11B
    Roll no.14

    ReplyDelete
  59. Sumit EkkaMay 11, 2020 at 10:02 AM

    Sumit Ekka
    Roll no.10
    11-B

    ReplyDelete
  60. Aditya UpretiMay 11, 2020 at 10:02 AM

    Aditya Upreti
    Roll no 44
    11B

    ReplyDelete
  61. UnknownMay 11, 2020 at 10:04 AM

    Samarveer Singh
    11-B

    ReplyDelete
  62. Parth.SMay 11, 2020 at 10:05 AM

    Parth Swami
    Roll no 45

    ReplyDelete
  63. Aditya thapliyalMay 11, 2020 at 10:07 AM

    Aditya thapliyal
    Roll no.42

    ReplyDelete
  64. Naveen GroverMay 11, 2020 at 10:12 AM

    Mihir Grover
    Roll no 11

    ReplyDelete
  65. Udaayveer singhMay 11, 2020 at 10:14 AM

    Harshdeep Singh roll no.34 11B

    ReplyDelete
  66. UnknownMay 11, 2020 at 10:16 AM

    Albit jude
    Roll no3q

    ReplyDelete
  67. RanveerMay 11, 2020 at 10:23 AM

    Ranveer Sidhu
    Roll no 33
    11 B

    ReplyDelete
  68. UnknownMay 11, 2020 at 10:35 AM

    Saksham Kathuria
    11-A

    ReplyDelete
  69. AnonymousMay 11, 2020 at 11:24 AM

    Good morning Ma'am
    Kartik Sumit Rastogi
    11A

    ReplyDelete
  70. ArnasMay 11, 2020 at 11:45 AM

    Arnas Kumar
    11-A
    Roll no. 29

    ReplyDelete
  71. Divjyot SinghMay 11, 2020 at 1:51 PM

    Divjyot singh
    11-B

    ReplyDelete

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