Co-operative Societies creates Statutory reserve fund from:
ANet profit
BGross Profit
CShare Capital
DDeposits
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Related Questions:
The maxmimum permissible borrowing power of a Co-operative society is :
The section of KCS Act which mentions that, no part of funds other than net profit, shall be distributed among members.
The following statements are related to nature of state aid to cooperative societies. You are required to identify the incorrect statements (s) related to the source of fund available to cooperatives given below.
- The Government may subscribe to share capital of society with limited liability only.
- The Government is not entitled to dividend on shares of any such society.
- The Government may provide financial assistance to a society for the purchase of shares in other societies with limited liability.
- Principal State Partnership Fund is provided by Apex Societies to Central Societies.
Indirect partnership is discussed in which chapter and section of KCS Act
Which of the following conditions (s) is/are to be met in respect of purchase of shares by society using Principal State Partnership Fund or subsidiary State Partnership Fund ? No. Conditions
- Prior Government Approval in writing
- Liability should be limited to the extent of amount paid of such shares
- Government Approval is to be sought within time given
- Liability of society whose shares are bought may be limited or unlimited but with Government Approval