a society which has its objectives for the promotion of economic interests of its members in accordance with cooperative principles.
voluntary association
a cooperative society is a voluntary association of persons desirous of improving their economic status through joint action.
religious and political neutrality
the membership of a cooperative society is open to all irrespective of caste, creed, religion, or political affiliation.
separate legal entity
a cooperative society is a distinct body independent of its members it is competent to own property and sign contracts in its own name.
one man one vote
every member has one vote irrespective of the number of shares held by them. the organization is democratic, and all members have an equal voice in its management.
