Concept:In a co-operative society, each member has equal voting power regardless of how much capital they contributed.
Explanation:Co-operative societies operate on the democratic principle of “one member, one vote.”
Every member, whether they have taken a loan or not, enjoys the same voting right.
Voting power is not based on the size of a member’s contribution or investment.
Management only runs the society; it does not control voting.
Therefore, voting power lies with the shareholders (members)of the co-operative society.
Answer:C. shareholders