This article throws light upon the five main forms of co-operative societies. The forms are: 1. Co-Operative Societies 2. Consumer's Co-operative Societies 3. Co-Operative Marketing Societies 4. Industrial Co-Operatives 5. Co-Operative Farming Societies. Form # 1. Co-Operative Credit Societies: The societies are voluntary associations of people with moderate means, formed with the objective of providing the short-time financial accommodation to [...]
This article will help you to learn about the difference between a cooperative society and a joint stock company. Difference between Co-Operative Society and Company Co-Operative Society Difference - 1. Formation: It is formed under Cooperative Societies Act, 1912 or other State Co-operative Acts. Difference - 2. Membership: A co-operative society can be formed with ten members. There is no [...]
After reading this article you will learn about the meaning and kinds of shares issued by a company. Meaning and Definition of Shares: A share is the interest of a shareholder in a definite portion of the capital. Section 2 (46) of the Act defines a share as, "A share in the share capital of a company and includes stock, [...]