Section 404

(a) No honorarium shall be paid to the Chairman, Vice-chairman or any other member of the Committee of Management of a society. (b) In the case of Chairman, District Co-operative Banks/Urban Co-operative Banks, following facilities will be available :- (i) Rs. 1,500 per month for office and residencial telephone and facility to use official vehicle in the area of the society upto 1,500 Km. if the net annual profit is less than Rs. 50 Lakhs. (ii) Rs. 2,000 per month for office and residential telephone and facility to use official vehicle upto 1,500 Km. if the net annual profit is more than Rs. 50 Lakhs and less than Rs. 2 Crores. (iii) Rs. 2,500 per month for office and residencial telephone and facility to use official vehicle upto 2,000 Km. if the net annual profit is more than Rs. 2 Crores but less than Rs. 5 Crores. (iv) Rs. 2,500 per month for office and residencial telephone and facility to use official vehicle upto 2,500 Km. if the net annual profit is more than Rs. 5 Crores : Provided that in the societies which are running in loss only Rs. 500 per month for office and residencial telephone and facility to use official vehicle upto 200 Km. will be admissible: Provided further that the limit can be enhanced to use official vehicle in journeys beyond the area of the societies (except for General Body meetings of All India Co-operative Societies) with the permission of the Registrar. (c) In the case of Chairman of Apex Society Rs. 6.000 per month for office and residencial telephone and facility to use official vehicle up to 5,000 Km. within the area of the State, if the net annual profit is less than Rs. 1 Crore : Provided that in case of societies running in losses Registrar may restrict the above facilities.