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| Particular | Applicable to Co-op. Society | Applicable to NTC |
| Authority | Co-op. Society is both State & Central Act. There is a separate set up under the Co-operative Department |
Non Trading Corporation is a state level Act, which is monitored by Registrar, NTC, delegated to Sales Tax Department |
| Concept of Benefit | Co-operative Society is on the principal of co-operation and can also take commercial or profit earning Activities | NTC impart Non Trading activities for the benefit of its member, without carrying commercial or profit making activities |
| Status | Co-operative Society is assessed as a Co-operative Society under Income Tax. There are separate provisions and rate of assessment for the Societies | Under Income Tax NTC is considered as AOP, taxed at maximum marginal rate if there is a surplus or the surplus is allocated to the member and in the hands of the member such surplus is taxable |
| Audit Monitoring | Registrar is the Authority for all purpose. C.A. as well as certified auditors and the department of Co-operative Society are authorized for audit; detailed audit structure is adopted and monitored by the registrar. | In the state of Gujarat NTC is required to get its accounts audited. The Chartered Accountants are authorized to carry the Audit. There is no Audit monitoring system by the Registrar for NTC. |
| Distribution of Surplus | Society can distribute its surplus by way of Dividend | NTC can not distribute the surplus, since it is for non profit making activities |
| Membership | Membership is by way of share, which can be regular member as well as nominal member |
Membership is by way of allotment of shares and are transferable as per the articles of association |
| Basic Documents for Registration | By-laws is basic document & model is prescribed under the rules of the Co-op. Soc. for different class of Society | Memorandum of Association and Articles of the Association, which provide for all administrative and working rules for the management. |
20.593684
78.962880