Question

Disposal of net profit of a Co-operative Society shall be the duty of

• A. Registrar
• B. Annual General body
• C. Committee
• D. None of these

Answer 1

Answer:

B. Annual General body

In a co-operative society, the disposal of net profit (after meeting reserves and statutory obligations) is decided by the Annual General Body (AGM) of the society. The AGM determines how profits are: Distributed as dividend to members Allocated to reserve funds Used for welfare, education, or development purposes Other options: Registrar – Supervises societies but does not decide profit distribution Committee – Proposes utilization, but final approval rests with AGM None of these – Incorrect ✅ Final Answer: Annual General Body