Share certificate in co operative society

A cooperative society is like a company with special laws. A company requires capital to operate. Capital is raised from the public by selling them shares of a given face value. The purchasers and holders of such shares are called members or share-holders. The society may further raise funds by borrowing for its business. Doing such business can result in loss also.  But the members' liability for such loss is limited to their share in the Society and will not extend to their other assets.

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