Know About Cooperative Societies

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In India, the formation of a cooperative society can be done under provisions concerning the Co-operative Societies Act, 1912. The Act mandates that a minimum of 10 people over 18 years who can engage contractually with common economic activities such as weaving, agriculture, and irrigation can form one such society. Let us now take a look at the different types of cooperative societies, a brief history of their formation, types, and the features of typical cooperative societies.

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