Q.State whether the following statement is True or False, with a reason: "In a Co-operative Society, a member holding more shares gets more votes at the general meeting."

A Co-operative Society is governed democratically, not by capital contribution, which is exactly the opposite of how a company's voting works.

The co-operative principle of democratic control fixes voting power at one vote per member, irrespective of the number of shares any member holds.

The statement is False.

One of the defining co-operative principles is democratic control, expressed through the rule 'one member, one vote.' Unlike a Joint Stock Company, where voting power is proportional to the number of shares a shareholder holds (so a large shareholder can outvote many small shareholders combined), a Co-operative Society deliberately breaks the link between capital contribution and control: every member — whether they hold the minimum required shares or considerably more — gets exactly ONE vote at a general meeting.

This principle exists precisely to prevent wealthier members from dominating the society's decisions, keeping it true to its purpose as a body for the mutual benefit of ALL members equally, not just those who can afford to invest the most capital.