Registration of corporate society is compulsory list two merits of the same - Business Studies - Forms of Business Organisations

Question

Registration of corporate society is compulsory list two merits of
the same

Vaishali Nebhwani · Accepted Answer

Dear student,

The registration of a cooperative society is mandatory, the merits
of the same are:

1) Registration gives a separate entity to society distinct from
its members The society can enter into contract or hold property in
its own name
2) Registration provides stable existence to society It is not
affected by death, insolvency, of members

Regards

Registration of corporate society is compulsory. list two merits of the same