What is the Difference between Co-operative Societies and Companies?
The Co-operative is different from a Company in the following ways:Co-operative follows the principle of one-member-one vote, while the voting in a Company is determined by the type and number of shares held.A Co-operative is an association of members but a Company is an association of capital.The main objective of a Co-operative is to serve members’ needs, but the objective of a Company is to maximize profits for its shareholders.
