Distribution of Bonus

Consistent with any instructions issued by the Registrar- (i) a co-operative society, the principal business where of is production, marketing or distribution of goods or providing of certain services, may distribute bonus to its members to the extent of half of title net profits available for distribution under Sub-section (2) of Section 58 on their non-credit dealings with the society; (ii) a co-operative farming society may pay bonus to the extent of seventy-five per cent of its net profits available for distribution under Sub-section (2) of Section 58, to its members in respect of their land and labour contribution made to the society. The valuation of such contribution shall he determined in accordance with the procedure laid down in the Bye-laws.