Which is the disadvantages of cooperative society?

Limited Capital- Cooperatives are usually at a disadvantage in raising capital because of the low rate of return on capital invested by the members. 2. Inefficient Management- The management of a co-operative society is generally inefficient because the managing committee consists of part-time and inexperienced people.

What is difference between society and cooperative society?

Society is a group of people living together in the same geographical location. Cooperative society is a group of people, who are not only living together in the same geographical location, but having agreement for cooperation within themselves.

What is Federation society?

The societies which are formed manage all day to day affairs of their building and the federation manages all the common spaces and common maintenance. Conveyance of the land is done on the name of federation, ownership rests with federation and eventually with societies that are members of the federation.

What is the difference between Cooperative Society and Housing society?

A registered society is a legal entity with certain limitations. However, members of a cooperative society get together to promote the economic interest of their members. They have to submit viable business plan of the cooperative before registration. These two prerequisites are not present in a society.

What are the disadvantages of cooperative learning?

All of the following pitfalls can be avoided, but when they are not, they constitute the cons of cooperative learning.

• Lack of Social Skills.
• Group Grades.
• Lack of Diversity Skills.
• Avoidance of Failure.
• Between Team Competition.
• Within Class Tracking.
• Complex Co-op Lessons.
• Special Materials.

What are the advantages of co-operative society?

Limited liability: The liability of the member is limited to the extent of their capital contribution in the society. Democratic control: Management and control lies with the managing committee elected by the members by giving vote. Every member has one vote irrespective of the number of shares held by him.

What is meant by co-operative society?

A co-operative society is a voluntary association of individuals having common needs who join hands for the achievement of common economic interest. Its aim is to serve the interest of the poorer sections of society through the principle of self-help and mutual help.

What are the features of co-operative society?

Features of a Cooperative Society – 10 Primary Features of a Cooperative Society: Voluntary Association, Open Membership, Service Motive, State Control and a Few Others

• Voluntary Association:
• Open Membership:
• Service Motive:
• State Control:
• Democratic Management:
• Separate Legal Entity:
• Distribution of Surplus:

What is the meaning of co-operative Federation?

A co-operative federation or secondary co-operative is a co-operative in which all members are, in turn, co-operatives. Historically, co-operative federations have predominantly come in the form of co-operative wholesale societies and co-operative unions.

How do you create a society federation?

Regarding the formation of Federation, any five societies in your layout pass a resolution to form the federation, elect the chief promoter and submit the proposal of registration of federation to the Deputy registrar of your ward.

What are the rules of co-operative society?

The supreme authority in a registered society shall be vested in the general meeting of members at which every member has a right to attend and vote on all questions. Subject to the provisions of Sections 28 and 29 of the Act each number shall have one vote only which shall be exercised in person and not by proxy.

How many members are required to form a cooperative society?

In case of a primary cooperative there should be at least 10 members or associations or both; At least 2 primary cooperatives in case of secondary cooperatives; At least 2 primary or secondary cooperatives in case of an apex organization..

What are the disadvantages of Co-operative societies?

Co-operative societies have limited membership and are promoted by the weaker sections. The membership fees collected is low. Therefore the funds available with the co-operatives are limited. The principle of one-man one-vote and limited dividends also reduce the enthusiasm of members.

Why do co-operative societies face financial crisis?

The reason many co-operative societies face financial crisis is because of the fact that their main source of funds is through the cap contributed by members and through membership fees which are not very high. This therefore makes the resources of co-operative societies limited.

What is the membership of a cooperative society?

The membership of a cooperative society is open to all. Any person with common interest can become a member. The membership fee is kept low so that everyone would be able to join and benefit from cooperative societies. At the same time, any member who wants to leave the society is free to do so.

What happens when a member of a co-operative Society dies?

Death cannot bring an end to a co-operative society: The death of any member of a co-operative society does not mean the end of the organization. The organization still carries on despite the death or departure of a member.