Question

The section of KCS Act that deals with Agricultural Credit Stabilisation Fund ?

• A. Sec 59 (1) A
• B. Sec 52 (3) B
• C. Sec 58 (4) D
• D. Sec 56 (2) C

Answer 1

Answer:

D. Sec 56 (2) C

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