GCECommerceBusiness Organisations2023

A cooperative society differs from a limited liability company mainly because a cooperative society

Ais registered under a separate law and operates on the principle of one member, one voteCORRECT
Bdistributes profits to members based on the number of shares held
Chas a minimum of seven members to be legally formed
Dcan issue debentures to raise long-term capital from the public
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Why the answer is A, and why the others tempt you.
Cooperative societies are registered under cooperative societies laws and are guided by the principle of democratic control — one member, one vote — regardless of the amount of capital contributed. In a limited liability company, voting power is proportional to shareholding, and profits are distributed as dividends based on shares held.
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