Meaning of Co-Operative Society

Co-Operative Society

Language - English

Tamil Word - கூட்டுறவுச் சங்கம்

An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. (e.g., The housing co-operative society manages the apartment complex and its common facilities.) In Tamil Nadu, 'Co-operative Societies' play a significant role in managing residential and commercial properties, promoting collective ownership, and providing affordable housing options. Understanding the rules and regulations governing co-operative societies is essential for individuals interested in buying or selling properties within such communities.