Section 3rd in The M.P. Swayatta Sahakarita Adhiniyam, 1999
3rd. Principle : Member Economic Participation
Members contribute to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. Members usually receive limited compensation, if any, on capital subscribed to as a condition of membership. Members allocate surpluses for any of the following purposes :Developing their co-operative, possibly by setting up reserves, part of which at least would he indivisible, benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership.
