Section 57(1) in West Bengal Societies Registration Rules, 1963
(1)Subject to the provisions of the Act and the Rules the net profits of the society shall be distributed in the following order, namely:(a)..................per centum or such higher proportion as the general meeting may decide shall be carried to the reserve fund;(b)..................an amount not exceeding per centum the balance as may be decided by the general meeting shall be contributed to the Co-operative Development Fund.
