section 65
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.
The Maharashtra Co-operative Societies Act 1960Corporate1960178 of 165 sections available26 chapters
Chapter VI PROPERTY AND FUNDS OF SOCIETIES
Statutory text
Ascertainment and appropriation of profits.—
- (1) A Society shall construct its relevant annual financial statements and arrive at its consequent net profit or loss in the manner prescribed.-
- (2) A society may appropriate its net profits to the reserve fund or any other fund to payment of dividends to members on their shares to the payment of bonus on the basis of support received from members and persons who are not members to its business, to payment of honoraria and towards any other purpose which may be specified in the rules or bye-laws :
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