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.