Any ten adults can voluntarily form an association and get it registered with the Registrar of Co-operative Societies.
Ø Open Membership: Persons having common interest can form a co-operative society.
Such help may be provided in the form of capital contribution, loans at low rates of interest, exemption in tax, subsidies in repayment of loans, etc.
Ø Stable Life: A co-operative society has a fairly stable life and it continues to exist for a long period of time.
Pour pallier à cette carence, une nouvelle formation en alternance sera lancée au printemps.
Advantages and Disadvantages of Co-operative Society Advantages of Co-operative Society A Co-operative form of business organisation has the following advantages: Ø Easy Formation: Formation of a co-operative society is very easy compared to a joint stock company.
Ø Elimination of Middlemen’s Profit: Through co-operatives the members or consumers control their own supplies and thus, middlemen’s profit is eliminated.
Limitations of Co–operative Society Besides the above advantages, the co-operative form of business organisation also suffers from various limitations. Ø Limited Capital: The amount of capital that a cooperative society can raise from its member is very limited because the membership is generally confined to a particular section of the society.Any competent person can become a member at any time he/she likes and can leave the society at will.