What is the difference between the cooperatives registered under the two Acts?
A. Primarily a cooperative society registered under under the J & K Cooperatives Societies Act of 1989 is eligible for the government equity whereas the cooperative registered under the J & K Self Reliant Act of 1999 is not. Besides this , the former has the facility of the departmental audit and arbitration of disputes by the various officers/ courts of Cooperative Department and the latter has to get the accounts audited by charter Accountant and has to appoint a arbitral tribunal of its own.
