A cooperative society becomes a body corporate with perpetual succession and a common seal:
(a) As soon as ten members agree to form it
(b) Only after it earns its first profit
(c) From the date of its registration under the Cooperative Societies Act
(d) Only after ten years of c

Question

A cooperative society becomes a body corporate with perpetual succession and a common seal:
(a) As soon as ten members agree to form it
(b) Only after it earns its first profit
(c) From the date of its registration under the Cooperative Societies Act
(d) Only after ten years of continuous operation

Accepted Answer

This question tests when a cooperative society actually acquires legal personality as a body corporate.

Option (a) is incorrect: mere agreement among ten members to form a society creates no legal entity by itself — it is only the starting point for an application to the Registrar.

Option (b) is incorrect: earning a profit has nothing to do with a society's legal status — many cooperatives operate on a service, not profit, motive, and legal personality does not depend on financial performance at all.

Option (d) is incorrect: there is no such waiting period — a society does not need to operate for any minimum number of years before becoming a body corporate. …

Q.A cooperative society becomes a body corporate with perpetual succession and a common seal:

Concept understanding — Registration and Its Legal Effects

Q.A cooperative society becomes a body corporate with perpetual succession and a common seal:

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