section 19
Management of Deficit
The Bihar Self-Supporting Cooperative Societies Act, 1996Corporate199653 sections11 chapters
Chapter IV FINANCE AND FUNDS
Statutory text
in any given year, the board shall place before the general body in the first following annual gen4era1 meeting, a detailed report on the causes of deficit and the manner in which the deficit is proposed to be met. (2) The general body of the Cooperative Society shall decide to have the deficit covered by setting it off against the amounts available in the deficit cover fund, and/ or by debiting the deficit to the account of the members in proportion to the services they had availed or were expected avail of the Cooperative Society during the year.
Study data processing for this section.
PDF: pending for this language.