To set up a cooperative society, it is mandatory to have the agreement of at least 10 adult individuals. These ten individuals can voluntarily associate themselves into a society, which then needs to be registered with the Registrar of Co-operative Societies. To fund the society, capital is procured from its members through the issuance of shares. Once registered, the society becomes a separate legal entity.
Further Reading:
- Understanding the Cooperative Housing Movement in India
- Comprehensive Indian Polity Notes For UPSC Aspirants
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Related Links |
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Different Types of Cooperative Societies |
Is a Cooperative Society Considered a Constitutional Body? |
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Comprehensive List of IAS Preparation Articles |
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