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Section 29: Restrictions on transactions with non -members

Madhya Pradeh Co-Operative Society Rules, 1962State Rules of Madhya Pradesh · 1960

No society shall enter into any t ransactions with a person other than a member except those referred to in Sections 36 and 37, unless, —

(i) the bye-laws of the society permit i t to enter into such transactions, and ( i i) previous sanction of the Registrar has been obtained by the society.

30 Rate of contribution.—The contribution to be made by a society under Clause (b) of sub -section (2) of Section 43 shall be—

(a) one and one half , per cent of the net profit where the net profit does not exceed f ifteen lakh rupees; and

(b) two per cent of the net profit , where the net profit exceeds fif teen lakh rupees.

Where this provision sits

ActMadhya Pradeh Co-Operative Society Rules, 1962
Section29
Marginal noteRestrictions on transactions with non -members
JurisdictionState of Madhya Pradesh
StatusIn force as published by the source

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