Distinguish between a company and a cooperative society.

Question

&nbsp;Difference between a Company and a Cooperative Society.CompanyCooperative Society(i) It is suitable for large, sca...

Accepted Answer

&nbsp;Difference between a Company and a Cooperative Society.CompanyCooperative Society(i) It is suitable for large, sca...

Company	Cooperative Society
(i) It is suitable for large, scale business organisations.	(i) It is suitable for small-scale and medium size businesses
(ii) It is established under Companies Act, 1956.	(ii) It works according to the Cooperative Societies Act, 1912.
(iii) Formation of a company is complicated.	(iii) Formation of a cooperative society is easy.
(iv) It has unlimited resources.	(iv) It has limited resources.