Which of the following is not a feature of co-operative society?
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Correct Answer: Option C
Explanation:
Features of a Cooperative Society
- As it is a voluntary association, the membership is also voluntary.
- There is limited liability of the members of co-operative society.
- Liability is limited to the extent of the amount contributed by members as capital.
- An elected managing committee has the powers to take decisions.
Features of a Cooperative Society
- As it is a voluntary association, the membership is also voluntary.
- There is limited liability of the members of co-operative society.
- Liability is limited to the extent of the amount contributed by members as capital.
- An elected managing committee has the powers to take decisions.