COMPARISON BETWEEN A COOPERATIVE AND A NPO
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CO-OPERATIVE SOCIETY
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NPO
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SEC.25 COMPANY
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SOCIETY
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TRUST
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(i) STATUTE | Co-Operative Societies Act, 1912 |
Companies Act, 1956
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Societies Registration Act 1860
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Indian Trusts Act 1882
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(ii) JURISDICTION |
Registrar of Co-operative Societies for the State or, and may appoint persons to assist such Registrar.
| Registrar of Companies | Registrar of Societies | Charity Commissioner |
(iii) OBJECTS | Promotion of the economic interests of its members in accordance with co-operative principles, creation of funds to be lent to its members |
Non profit activities
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literacy, scientific and charitable
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Charitable, socially beneficial
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(iv) MAIN DOCUMENTS |
By laws
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Memorandum and articles of association
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Memorandum of association rules and regulations (by laws)
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Trust deed
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(v) MINIMUM NUMBER OF MEMBERS | Ten | Two | Seven | Two |
(vi) MANAGEMENT | Jointly owned and controlled |
Board of Directors/Managing Committee
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Governing Body
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Trustee
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