Section 155

(1) Every co-operative society shall out of its net profits contribute towards the Co-operative Education Fund within one month of the end of the financial year as follows:- (a) Primary Co-operative Society ; (i) Rs. 5,000.00 if the net profit during the year under review is Rs. 10 lakh or less, (ii) Rs. 10,000.00 if the net profit during the year is more than Rs. 10 lakh and up to Rs. 25 lakh. (iii) Rs. 20,000.00 if the net profit during the year is more than Rs. 25 lakh and up to Rs. 50 lakh. (iv) Rs. 40,000.00 if the net profit during the year is more than Rs. 50 lakh and up to Rs. 1 crore. (a) Rs. 50,000.00 if the next profit during the year is more than Rs. Rs. 1 crore. (b) Districts/ Central Co-operative Banks/Urban Co-operative Banks Rs. 75,000 per annum; (c) Other Central Co-operative Societies Rs. 20,000 per annum; (d) Uttarakhand Co-operative Bank, Rs. 2,00,000 per annum; (e) Apex Societies other than (d) above Rs. 1,00,000 per annum; Provided that Registrar may remit fully or partially the contribution from any co-operative society on the ground of its bad financial condition.