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Sec 56 (1)c & Rule 53 A of KCS Act deals with ?

ADevelopment funds

BReserve fund

CInvestment fund

DCooperative Member relief fund

Answer:

D. Cooperative Member relief fund

Read Explanation:

Statutory Reserve

  • Reserve Fund - Sec 56(1) A / Rule 53(1)

  • Cooperative Education Fund - Sec 56(1) B / Rule 53 (2)

  • Cooperative Member relief fund - Sec 56 (1)c / Rule 53 A

Non Statutory Reserve

  • Sec 56 (2) A - Dividend 

  • See 56 (2) B - Bonus 

  • Sec 56 (2) C - Agricultural Credit Stabilisation Fund 

  • Sec 56 (2) D - Common Good Fund 

Related Questions:

What is the fullform of PSPF in relation to state aid to co-operatives?

Which one of the following combinations does constitute a form of state aid to societies ?

  1. Guarantee repayment of principal and payment of interest on debentures issued by a Society.
  2. Guarantee the repayment of share capital of society and dividends there on at such rates as specified by Government.
  3. Guarantee the repayment of principal and payment of interest on loans and advances to a Society.
  4. Guarantee the repayment of deposits received by the society and payment of interest on such deposits.
    Which among the following are considered the main sources of fund for a Co-operative Society ?
    The section of KCS Act that deals with Reserve Fund ?
    Non Banking Assets are Disposed within --- years from the date of acquisition, with the prior sanction of General body and registrar.