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Section 14: � The funds of the Federa�on may be raised by

Bye laws of PuncofedState Regulations of Punjab · 1961

i) � Issuing of shares of the value of Rs. 100/-.

ii) � Admission fee.

iii) � Annual subscrip�on from members.

iv) � Subsidies, grants and other financial assistance from the Government or other ins�tu�ons or individuals.

v) � Deposits and borrowings.

vi) � Coopera�ve Educa�on fund from Coopera�ve Socie�es.

vii) � Such other grants, sub-ven�on’s and dona�ons as may be made to the Federa�on as approved by the Registrar.

15. � All contribu�ons of Coopera�ve Educa�on fund pertaining to preceeding coopera�ve year shall be deposited with the Federa�on before 31st July, every year.

16. � The liability of a member deficit in the assets of the Federa�on in the event of its being wound up shall be limited to the paid up share capital.

MAXIMUM CREDIT LIMIT

17. � The maximum credit limit to the Federa�on shall not exceed ten �mes its owned capital as approved by the Registrar.

GENERAL BODY

Where this provision sits

ActBye laws of Puncofed
Section14
Marginal note� The funds of the Federa�on may be raised by
JurisdictionState of Punjab
StatusIn force as published by the source

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