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Consider the following statements: 
  1. The Parliament may make provisions for the incorporation and regulation of co-operative societies. 
  2. The maximum number of directors of a co-operative society shall not exceed twenty-five.
Which of the statements given above is/are correct?
  • a)
    Only 1 
  • b)
    Only 2 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements: The Parliament may make provisions ...
Understanding the Statements
The question presents two statements regarding co-operative societies in India, which are important for understanding the legal framework surrounding them.
Statement 1 Analysis
- The first statement suggests that "The Parliament may make provisions for the incorporation and regulation of co-operative societies."
- This statement is misleading as it implies that Parliament has exclusive authority over co-operatives. In reality, the incorporation and regulation of co-operative societies are primarily under the jurisdiction of state governments, as per the provisions of the Constitution of India (specifically, the State List).
Statement 2 Analysis
- The second statement claims that "The maximum number of directors of a co-operative society shall not exceed twenty-five."
- This statement is incorrect as well. The maximum number of directors can vary depending on the rules framed by each co-operative society and the relevant state laws. There is no universal cap of twenty-five directors; some societies may have more, and the limit is not standardized across all co-operatives.
Conclusion
- Both statements are inaccurate in the context of the legal provisions governing co-operative societies in India.
- Therefore, the correct answer is option 'D', as neither statement holds true based on the existing laws and regulations.
Key Takeaway
- Understanding the legal framework of co-operative societies involves recognizing the powers and limitations of both Parliament and state legislatures, as well as the variability of governance structures within different societies.
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Community Answer
Consider the following statements: The Parliament may make provisions ...
The state legislature may make provisions for the incorporation, regulation and winding-up of co-operative societies based on the principles of voluntary formation, democratic member control, member economic participation and autonomous functioning.The board shall consist of such number of directors as may be provided by the state legislature.But, the maximum number of directors of a co-operative society shall not exceed twenty-one.
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Consider the following statements: The Parliament may make provisions for the incorporation and regulation of co-operative societies. The maximum number of directors of a co-operative society shall not exceed twenty-five.Which of the statements given above is/are correct?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
Question Description
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