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The section of KCS Act that deals with Reserve Fund ?

ASec 47 B

BSec 60 C

CSec 52 D

DSec 56(1) A

Answer:

D. Sec 56(1) A

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 direct partnership of Government is
A co-operative society should transfer an amount not less than ______ of net profit to the reserve fund.

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.
    Odd one out :
    The section of KCS Act that deals with Agricultural Credit Stabilisation Fund ?