Q.State any four features of a cooperative society.

A cooperative society's features flow directly from its Rochdale-principle foundations of voluntary, democratic, service-oriented membership.

A cooperative society's features flow directly from the Rochdale principles it is built on. Four of the most important are:

1. Voluntary membership: Any person able to use the society's services may join, and any member may leave by giving proper notice — no one is coerced into joining or remaining a member.

2. Democratic management: The society is managed on the "one member, one vote" principle through a managing committee elected by members in the general body meeting, so control is genuinely spread across the membership rather than concentrated with large capital contributors.

3. Service motive rather than profit motive: The primary object is to serve members' economic interests — cheaper goods, fair prices, timely credit, better wages — with profit, where it arises, treated as incidental rather than pursued as an end in itself.

4. Separate legal entity, from the date of registration: Registration under the Act gives the society a legal existence distinct from its members, with perpetual succession, a common seal, and the capacity to own property and sue or be sued in its own name — the death, insolvency or exit of any one member does not affect the society's continued existence.

Other recognised features include state control and regulation (in exchange for the concessions cooperatives receive) and generally limited liability of members once the society is registered.

Listing features without distinguishing which ones apply only after registration (separate legal entity, perpetual succession) versus from formation (voluntary membership) can blur an important distinction examiners look for.