This statement
is True
i. Co-operative
society is a society which has its objectives for the promotion of economic interests
of its members in accordance with co-operative principles.” (Indian Co-operative Societies Act1912).
ii. It is
formed voluntarily by its members.
iii. Any
person can become the member of a co – operative society irrespective of religion,
language, caste and creed.
iv. Therefore,
the membership of co – operative society is open to all.
