Section 45(i) in Amended Bye-Laws of the Pradeshik Co-operative Dairy Federation Limited
(i)In the case of winding up of the Federation, the reserve and other funds belonging to the Federation shall be applied first to discharging the liabilities of the Federation in accordance with the priority laid down in sub-rule (i) of Rule 271,than to the repayment of the share capital paid-up and thereafter, if for any period dividend for such period at a rate not exceeding 9 percent.
