Question

Source of funds in co-operative societies

Answer 1

$\huge\mathfrak\red{Answer}$

A co-operative society may, subject to the approval of the general body and to such condtions as the general body may impose, sources of fund are : -

(i) upto one fourth of its reserve fund when the owned capital is less than the borrowed capital;

(ii) upto one half of its reserve fund when the owned capital is equal to or exceeds the borrowed capital and

(iii) the entire reserve fund when there is no borrowed capital.

Provided that in the