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[Cites 0, Cited by 0] [Section 41] [Entire Act]

State of Jammu-Kashmir - Subsection

Section 41(1) in The Jammu and Kashmir Dissolution of Muslim Marriages Act, 1999 (1942 A.D.)

(1)Surplus, if any, arising out of the business of a cooperative in a financial year may be used in one or more of the following ways:
(a)towards a deficit cover fund;
(b)to be distributed as surplus refund among its members;
(c)to develop its business;
(d)towards reserves and funds constituted in accordance with the articles of association ;
(e)to provide common services to its members;
(f)to provide rewards or incentives to staff:
Provided that surplus arising out of services provided to non-members may not be distributed amongst members or staff.