Question

A registered Co-operative Society can
contribute to charitable trust after
transferring the profits to the reserve fund
not exceeding
percentage of the
remaining amount.
Options
O No Fixed Percentage
Twelve Percentage
O Five Percentage
O Ten Percentage​

Answer 1

Answer:

1

O No Fixed Percentage

Answer 2

Answer:

Ten Percentage​

Explanation:

Among the various options given in question statement the correct option is 10 percentage

According to Coperative societies Act 1952 and Charitable Endowments Act, 1890, a registered coperative scoeity cannot contribute more than 10 percent of its annual profit in a charitable fund. This is to balance and limit the profit for other funds of society needed for the development of society