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The Audit fee according to the 1904 Act was

A5% of Net profit

B10% of net profit

C50 paise of every 100 Rupees

DNo Audit fee charged

Answer:

D. No Audit fee charged

Read Explanation:

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Related Questions:

Edward law Committee was formed in the year

Consider the following about 1904 Act and choose the correct statement.

  1. The 1904 Act came into force on 25th March, 1904.
  2. Only 15 person live in the same village or town or belonging to the same class or caste are required to form a Co-operative Society.
  3. The liability of members of a rural society limited, while in the Case of urban Society, it was unlimited.
  4. The co-operative Credit Society Act of 1904 contains only 29 Sections and no rules.
    The enactment of the first Co-operative Credit Societies Act in India was in the year
    The First Co-operative Society Registered under the Cochin Co-operative Societies Act of 1913
    Scale of Finance' is prepared by