Amendment status not verified — confirm the current text below against the official source.
A self-supporting co-operative society, for the furtherance of its organisation. objects, may, by passing a special resolution, establish a subsidiary unit or collaborate with any other unit, organization, body or firm registered or incorporated, as the case may be, under the relevant law. CHAPTER 11 Education Fund A 14. (1) A self-supporting Co-operative society shail establish a Fund r.aucation Fund. . ow to be known as the Education Fund to which such amount of its net profits. as may be specified by th e Registrar, shall be credited : Provided that such amount . + the net " shall not exceed two per cent of the 1° profits. - (2) The Education Fund established under sub-section (1). shall be E| utilized for t © Purposes mentioned i; section 32. Payment out of Education Fund -