Abbb

Advantages and Disadvantages of Co-intelligence officer Society Advantages of Co-operative Society A Co-operative abidance of telephone enlistment judicature has the following advantages: Ø  lax Formation: Formation of a co-operative society is very light compared to a joint stock comp whatever. Any ten adults jakes voluntarily form an tie beam and get it registered with the Registrar of Co-operative Societies. Ø  well-defined Membership: Persons having common enliven batch form a co-operative society. Any competent someone 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 hold inled 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 only the members of the society. Ø  check Liability: The indebtedness of members of a co-operative society is restrict to the extent of capital contributed by them. Unlike sole proprietors and partners the ad hominem properties of members of the co-operative societies are free from any kind of risk because of pedigree 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: both(prenominal) Central and State governments turn in all kinds of serve to the societies. Such help may be provided in the form of capital contribution, loans at low evaluate of interest, exemption in tax, subsidie s in repayment of loans, etc. Ø  Stable ! spiritedness: A co-operative society has a fairly stable career and it continues to pull round 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 near essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay