This statement is True
i. Co-operative society is a society which has its objectives for the promotion of economic interests of its members in accordance with co-operative principles.” (Indian Co-operative Societies Act1912).
ii. It is formed voluntarily by its members.
iii. Any person can become the member of a co – operative society irrespective of religion, language, caste and creed.
iv. Therefore, the membership of co – operative society is open to all.