English, asked by Mphnamte7577, 9 hours ago

As per society act no part of profit distribution by way of dividend

Answers

Answered by pratyushpatra467
0

Explanation:

No part of the funds of a registered society shall be divided by way of bonus or dividend or otherwise among its members: Provided that after at least one-fourth of the net profits in any year have been carried to a reserve fund, payments from the remainder of such profits and from any profits of past years available

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