Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 16] [Entire Act]

State of Uttar Pradesh - Section

Section 85 in The U.P. Co-operative Societies Act, 1965

85. Distribution of profits.

(1)A co-operative farming society shall carry at least one twentieth of its net profits to a fund called the reserve fund.
(2)A co-operative farming society may out of its net profits pay to such extent and in such manner as may be prescribed, bonus to its members in respect of their land and labour contributions made to the society.
(3)The provisions of Section 59, in so far as they are not inconsistent with sub-sections (1) and (2), shall also apply to the utilization of the net profits of a co-operative farming society.