Question

The section and rule that mentions about Cooperative Education Fund

• A. Sec 45(1) A & Rule 46 (2)
• B. Sec 56(1) B & Rule 53 (2)
• C. Sec 50(3) C & Rule 52 (1)
• D. Sec 60(1) D & Rule 55 (4)

Answer 1

Answer:

B. Sec 56(1) B & Rule 53 (2)

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