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multi state cooperative society

 

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Development rebate, arrangement for development fund, bad financial
obligation fund, Trust Registration  cost variation fund, dividend equalization fund, share capital redemption fund, financial investment fluctuation fund, share
capital redemption fund, financial investment variation fund, provision for retirement perks to staff members and after providing for or
crossing out bad financial obligations and losses not adjusted against any fund created from earnings. The condition is that such society
might add to the net revenues for the year interest accumulated in the preceding years, but recovered throughout the year. In case of multi
state cooperative societies which do not have share capital, the surplus of income over expense shall not be treated as net earnings and such
surplus shall be taken care of in accordance with the bye-laws. A multi state cooperative society shall, out of its net earnings in any year
transfer an amount not less than twenty-five percent to the reserve fund, credit one percent to cooperative academic training fund maintained
by the National Co-operative Union of India Limited,