With reference to the multi-State cooperative society, consider the following statements:1. It is defined in the Constitution of India.2. It is registered and regulated under respective State co-operative Act where it is located.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2.Correct answer is option 'A'. Can you explain this answer?

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With reference to the multi-State cooperative society, consider the following statements:

1. It is defined in the Constitution of India.
2. It is registered and regulated under respective State co-operative Act where it is located.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2.

Correct answer is option 'A'. Can you explain this answer?

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With reference to the multi-State cooperative society, consider the fo...

Under Article 243 ZH, the multi-State co-operative society is defined as a society with objects not confined to one State and registered or deemed to be registered under any law for the time being in force relating to such co-operatives. Hence statement 1 is correct.
It includes a national co-operative society and a Federal co-operative.
They are registered and regulated under the Multi-States Co-operative Societies Act 2002. Hence statement 2 is not correct.
1. No multi-State co-operative society shall be registered under this Act, unless,—
  (i) it main objects are to serve the interests of members in more than one state; and
  (ii) its bye-laws provide for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles.
2. For the purposes of registration of a multi-State co-operative society under this Act, an application shall be made to the Central Registrar appointed by Central Government

Answered by Notes Wala · View profile

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With reference to the multi-State cooperative society, consider the following statements:1. It is defined in the Constitution of India.2. It is registered and regulated under respective State co-operative Act where it is located.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2.Correct answer is option 'A'. Can you explain this answer?

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