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Section 18

The Punjab Self-Supporting Co-operative Societies Act, 2006State Act of Punjab · Act 17 of 2010

(1) The funds mobilized by a self-supporting co-operative society, shal! primarily be used for the furtherance of its objectives.

(2) No part of the funds of a self-supporting co-operative society other than the net profits, shall be paid by way of bonus or dividend or otherwise distributed among its members.

(3) A self-supporting co-operative society may of its net profits in any year, pay on the paid up share capital of members, a dividend at the rate fixed by its general body in the annual general meeting.

Where this provision sits

ActThe Punjab Self-Supporting Co-operative Societies Act, 2006
Section18
JurisdictionState of Punjab
StatusIn force as published by the source

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