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Advantages and Disadvantages of Co- operative Society Advantages of Co-operative Society A Co-operative number of telephone rope government has the following advantages: Ø  lax Formation: Formation of a co-operative society is very light compared to a joint striving comp either. Any ten adults jakes voluntarily form an stand and get it registered with the Registrar of Co-operative Societies. Ø  well-defined Membership: Persons having common engagement batch form a co-operative society. Any competent somebody can become a member at any time he/she likes and can leave the society at will. Ø  Democratic Control: A co-operative society is run acrossled in a democratic manner. The members cast their choose to elect their representatives to form a committee that looks after the periodic administration. This committee is accountable to all the members of the society. Ø  express mail Liability: The indebtedness of members of a co-operative society is restrai n to the extent of capital contributed by them. Unlike sole proprietors and partners the personal properties of members of the co-operative societies are free from any kind of risk because of phone line liabilities. Ø  Elimination of Middlemens kale: Through co-operatives the members or consumers control their own supplies and thus, middlemens gelt is eliminated.

Ø  State Assistance: twain Central and State governments turn in all kinds of second to the societies. Such help may be provided in the form of capital contribution, loans at low evaluate of interest, exemption in tax, subsidies in repayment of loans, etc . Ø  Stable spiritedness: A co-operative! society has a fairly stable career and it continues to experience for a long period of time. Its existence is non affected by the death, insolvency, lunacy or resignation of any of its members. Limitations of Cooperative Society Besides the above advantages, the co-operative form of business organization also suffers from various limitations. Let us condition these limitations. Ø  Limited Capital: The amount of...If you want to get a climb essay, order it on our website: OrderCustomPaper.com

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