[amp_mcq option1=”transferring his share to another person without anybodys consent” option2=”transferring his share to another person with the consent of the managing committee” option3=”transferring his share to a fellow number” option4=”withdrawing his capital from the society” correct=”option4″]<\/p>\n
The correct answer is D. withdrawing his capital from the society<\/strong>.<\/p>\n A member of a co-operative society can leave the society by withdrawing his capital from the society. The process of withdrawing capital from a co-operative society varies from society to society, but it typically involves submitting a written request to the managing committee and providing proof of identity. The managing committee will then review the request and decide whether to approve it. If the request is approved, the member will be issued a check or a bank transfer for the amount of their capital.<\/p>\n The other options are incorrect because they do not allow the member to leave the society. Option A states that the member can transfer his share to another person without anybody’s consent. However, this is not always the case. Some co-operative societies have rules that require the consent of the managing committee or the other members before a share can be transferred. Option B states that the member can transfer his share to another person with the consent of the managing committee. This is a more common option, but it is still not always possible. The managing committee may have reasons for not approving a transfer, such as if the new member does not meet the society’s requirements. Option C states that the member can transfer his share to a fellow number. This is not a common option, and it is not always possible. The society’s rules may prohibit the transfer of shares to fellow members.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”transferring his share to another person without anybodys consent” option2=”transferring his share to another person with the consent of the managing committee” option3=”transferring his share to a fellow number” option4=”withdrawing his capital from the society” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[695],"tags":[],"class_list":["post-46293","post","type-post","status-publish","format-standard","hentry","category-business-and-commerce","no-featured-image-padding"],"yoast_head":"\n