Section 60 in The Tripura Co-operative Societies Act, 1974
60. Contribution to educational fund of the federal society notified by the Government.
(1)Every society which declares a dividend to its members at a rate of four per cent or more, shall contribute towards the educational fund of federal society such as may be notified in this behalf by the Government at such rate as may be prescribed.(2)No society liable to contribute towards the educational funds, shall pay dividend to its members, unless the said contribution is made to the federal society notified as aforesaid. An officer wilfully failing to comply with the requirements of this section shall be personally liable for making good the amount to the federal society notified as aforesaid.
