The correct answer is: B. seven
A co-operative society is a voluntary association of persons who have come together to meet
their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise.The minimum number of members required to register a co-operative society in India is seven. The members must be natural persons, i.e., human beings, and they must be adults, i.e., at least 18 years of age. The members must also be resident in India.
The co-operative society must have a common bond among its members, which can be based on occupation, residence, interest, or any other common factor. The co-operative society must also have a common objective, which must be to
promote the economic, social, and cultural interests of its members.The co-operative society must be registered with the Registrar of Co-operative Societies in the state in which it is located. The registration process is relatively simple and can be completed in a few weeks.
Once a co-operative society is registered, it is a legal entity and can enter into contracts, own property, and sue and be sued. The co-operative society is also subject to the laws of the state in which it is located.
Co-operative societies have a long and successful history in India. They play an important role in the Indian economy and in the lives of millions of Indians.
The other options are incorrect because they do not meet the minimum number of members required to register a co-operative society in India.