Correct option is C
To form a
co-operative society in India, the
minimum number of members required is 10. This requirement is stated under the
Co-operative Societies Act, 1912, and is also generally followed under various State Co-operative Societies Acts. A co-operative society is a voluntary association formed to promote the economic interests of its members through the principle of
mutual help and
democratic functioning.
The
minimum 10 members ensure that the society truly represents a group activity rather than an individual pursuit. These members must be adults, share a common bond (such as occupation, locality, or economic objective), and must come together voluntarily.
Thus, the correct answer is
(c) 10.
Information Booster
1. Registration of a co-operative society is compulsory to obtain legal status.
2. Co-operatives operate on the principle of
“One man, one vote”, ensuring democratic participation.
3. They aim primarily at
service, not profit maximization.
4. Co-operative societies can be formed for credit, housing, marketing, consumer needs, etc.
5. They enjoy certain tax benefits and government support due to their social objective.
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