Members contribute equitably to, and democratically control, the capital of their co-operative. It was originated from the word of co-operating which indicates assistance. WebAll cooperative businesses around the world operate in accordance with the following 7 cooperative principles. WebThe fourth of the Rochdale Principles states that co-operative societies must be autonomous and independent. Any person can become a member of the organization irrespective of caste, creed, color, sex, and religion. These Guidance Notes aim to state our understanding of the application of the Principles in contemporary terms for the 21st century. All of the point you mention are authentic. For one, it establishes that capital supports business pursuits but doesnt rule how the cooperative operates. The co-operative society is a separate legal identity to the society. Cooperatives accept members voluntarily, meaning they cannot discriminate based on gender, sexuality, social status, race, political affiliation, religion or any other personal details. One can withdraw capital as well as transfer the share getting permission from managing director. [CDATA[/* >