Amendment status not verified — confirm the current text below against the official source.
No part of the funds, other than the net profits of a society shall be paid by way of bonus or dividend, or otherwise distributed among its members ; 23 Principal or subsidiary State Part- nership Fund not to form part etc. Agreement by State Govt, and Apex Socie- ties. Other forms of State aid to societies. Provisions of this Chapter to override other laws. Funds not to be divided. 24 Appropria- tion of pro- fits. Reserve Fund. Butrictions on dividend. Contribution to sduca.‘ tional fund of the State Co-operative _ Union, Provided that, a member may be paid remuneration on such Scale as may be laid down by the bye-laws, for. any services rendered by him to the society.