Amendment status not verified — confirm the current text below against the official source.
Finances (a) the financial year which the cooperative society wishes to adopt (b) the manner of appointment of auditors and their duties (c) the manner of appointment of internal auditors and their duties (d) the nature and amount of equity capital, if any, of the cooperative society (e) the maximum capital which a single member can hold (f) the types and extent of funds to be raised (g) the purposes for which the funds raised by the cooperative society may be applied (h) the debt-equity ratio that the cooperative society wishes to maintain at all times, and the maximum external debt that a cooperative society wishes to permit itself at any point of time (i) procedure for transfer of shares or interest by a member (j) procedure for redemption of shares by the cooperative society (k) procedure for transfer or payment of interest on death of member (l) the nature and extent of the liability of the members for the debts contracted by the cooperative society (m) the nature and extent of the liability of the directors for the debts contracted by the cooperative society (n) the manner of disposal of funds if under liquidation