Question

Discuss the distinctive features of Cooperative Legislation for success of Cooperatives in India

25 Apr 2023
Answer :
Word Count : 543

Cooperative legislation plays a crucial role in the success of cooperatives in India. It lays down the legal framework within which cooperatives operate, governs their functioning, and protects the interests of the members. The distinctive features of cooperative legislation in India are as follows:

  1. Separate legal entity: A cooperative society is a separate legal entity distinct from its members. It can sue and be sued in its own name, enter into contracts, acquire and hold property, and carry out all activities required for the fulfillment of its objectives.

  2. Voluntary membership: Membership in a cooperative is voluntary and open to all without any discrimination on ___ _______ _____ ______ ____ ___ _______ _______ ______ ___ ________.
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