Answer» - A cooperative society is a voluntary organization registered under the Cooperative Societies Act.
- It mainly aims at protecting and safeguarding the common interests of its members and the public.
- It also provides various services and amenities.
- Such organizations have to add the word “co-operative” to their names.
- Eg. Co-operative Bank, Consumer Cooperative store, Co-operative Housing Society, etc.
- Therefore, a sports club cannot be a cooperative society, it is a recreation center, where various sports are introduced and training is given to players.
- It is an example of a Non-profit organization.
- Thus, a sports club is not a cooperative society.
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