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Advantages and Disadvantages of Co- functional Society Advantages of Co-operative Society A Co-operative lay down of peal circuit organization has the pursual advantages: Ø  lax administration: Formation of a co-operative indian lodge is genuinely light compared to a word stock comp any. Any decennium adults jakes voluntarily body an association and ask it registered with the rec distinguish of Co-operative Societies. Ø  well-defined Membership: Persons having general interest batch be a co-operative nine. Any adequate person can belong a member at any time he/she likes and can leave the society at will. Ø  Democratic give: A co-operative society is controlled in a democratic manner. The members arrange their choose to elect their representatives to smorgasbord a committee that looks subsequently the stopoveric administration. This committee is accountable to all the members of the society. Ø  Limited liability: The indebtedness of members of a co-operative society is limited to the extent of bully contributed by them. Unlike fix proprietors and partners the personal properties of members of the co-operative societies are leave office from any kind of adventure because of business liabilities. Ø  Elimination of Middlemens kale: Through co-operatives the members or consumers control their own supplies and thus, middlemens gelt is eliminated.

Ø  secernate economic aider: Both Central and State governments turn in all kinds of help to the societies. Such help may be provided in the form of capital contribution, loans at low evaluate of interest, claim in tax, subsidies in refund of loans, etc. Ø  Stable spiritedness: A co-operative society has a passably stable career and it continues to experience for a long period of time. Its existence is non affected by the death, insolvency, lunacy or fortitude of any of its members. Limitations of Cooperative Society Besides the above advantages, the co-operative form of business organization too suffers from various limitations. Let us condition these limitations. Ø  Limited enceinte: The amount of...If you want to get a full essay, order it on our website: Ordercustompaper.com

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