Section 14 in Punjab Self-Supporting Co-operative Societies Act, 2006
14. Establishment of Education Fund.
(1)A self-supporting co-operative society shall establish a Fund to be known as the Education Fund to which such amount of its net profits, as may be specified by the Registrar, shall be credited:Provided that such amount shall not exceed two per cent of the net profits.(2)The Education Fund established under sub-section (1), shall be utilized for the purposes mentioned in section 32.
