Section 46 in The M.P. Swayatta Sahakarita Adhiniyam, 1999
46. Deployment of funds and profits.
(1)The funds mobilised by a co-operative shall be primarily for the furtherance of its objectives.(2)No part of the funds of a co-operative other than the net profits shall be paid by way of bonus or dividend or otherwise distributed among its members.(3)A co-operative may out of its net profits in any year, pay on the paid up share capital of members a dividend at a rate fixed by the general body in the annual general meeting.(4)Such of its funds as are not needed for use in its business, a co-operative may invest or deposit, outside its business, in any non-speculative manner.
