Question

How can one say that a Co-operative society can have a perpetual existence?

Answer 1

Perpetual existence:

• As soon as a co-operative society gets registered it becomes a separate legal entity i.e. members and society are considered two separate entities.
• The existence of the society than does not get affected by the exit, death or insolvency of the member.
• Hence, a co-operative society enjoys a long and also in many cases a perpetual life.