Section 30(2) in Rajasthan Co-operative Societies Act, 1965
(2)At every annual meeting of a society, the committee shall lay down before the society, a balance sheet and profit and loss account for the year in the manner prescribed by the Registrar by general or special order for any class or classes of societies.Explanation. - In the case of a society not carrying on the business for profit, an income and expenditure account shall be placed before the society at the annual general meeting instead of profit and loss account: and all references to profit and loss account, and to "profit" or "loss" in this Act. shall be construed in relation to such society as references respectively, to the "excess of income over expenditure" and "excess of expenditure over income".
