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Register Your Cooperative Society In Delhi NCR- Ask for Suitable Quotes
A co-operative (also known as co-op, cooperative or coop) is an autonomous association of people united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled business.
Requirement of Co-operative Society
- To render services to its members instead of making profits.
- It encourages a state mutual help in the place of competition.
- It assures a state of self-help in the place of dependence.
- It develops a state of moral solidarity in the place of unfair business activities.
Inclusions in this package
Advantage
- Unlike other retailers, cooperative stores supply quality goods. Consumers are thus saved from adulteration and other malpractices.
- As consumers are the owners and managers of such stores, genuine requirements of the majority of consumers can be met. In other words, goods required by a majority of the customers are always dealt by such stores.
- Cooperative societies are an important form of democratic business enterprise because of its diffused ownership. As a result, no single group can secure control over the organization.
Disadvantage
- It caters to the needs of small and medium-income groups.
- There is too much dependence on the honesty, integrity and loyalty of members and workers.
- There is lack of proper sales promotion drives by the sales force of these stores.
- Management of such stores usually rests in the hands of amateurs. Professional managers cannot be hired due to lack of funds.
Documents Required for Co-Operate Society
What is cooperative?
A co-operative (also known as co-op, cooperative or coop) is an autonomous association of people united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled business.
- Registrar of Cooperative Society provides registration.
- Advantages:
- Unlike other retailers, cooperative stores supply quality goods. Consumers are thus saved from adulteration and other malpractices.
- As consumers are the owners and managers of such stores, genuine requirements of the majority of consumers can be met. In other words, goods required by a majority of the customers are always dealt by such stores.
- Cooperative societies are an important form of democratic business enterprise because of its diffused ownership. As a result, no single group can secure control over the organization.
Disadvantages:
- It caters to the needs of small and medium-income groups.
- There is too much dependence on the honesty, integrity and loyalty of members and workers.
- There is lack of proper sales promotion drives by the sales force of these stores.
- Management of such stores usually rests in the hands of amateurs. Professional managers cannot be hired due to lack of funds.
- (a) Consumer cooperatives
- (b) Producer cooperatives
- (c) Marketing cooperatives
- (d) Housing cooperatives
- (e) Credit cooperatives
- (f) Cooperative Farming societies
