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The rule of KCS Act that deals with Reserve Fund ?

ARule 34(2)

BRule 47(3)

CRule 53(1)

DRule 60(5)

Answer:

C. Rule 53(1)

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:

The section of KCS Act that deals with the restrictions on the rate of dividend
The section of KCS Act that deals with Reserve Fund ?
The rate of contribution of Co-operative Societies towards Co-operative Development and Welfare Fund, is on the basis of its :

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.

  1. The Government may subscribe to share capital of society with limited liability only.
  2. The Government is not entitled to dividend on shares of any such society.
  3. The Government may provide financial assistance to a society for the purchase of shares in other societies with limited liability.
  4. Principal State Partnership Fund is provided by Apex Societies to Central Societies.

    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

    1. Prior Government Approval in writing
    2. Liability should be limited to the extent of amount paid of such shares
    3. Government Approval is to be sought within time given
    4. Liability of society whose shares are bought may be limited or unlimited but with Government Approval