section 44
Funds other than net profits not to be divided among members
The Andhra Pradesh Co-operative Societies Act, 1964Corporate196486 sections7 chapters
Chapter VI Chapter VI
Statutory text
("Funds other than net profits not to be divided among members") 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: Provided that a member may be paid remuneration from the funds on such scale as may be prescribed for any service rendered by him to the society :
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