THE JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989
Section 57. Fund not to be divided.
No part of the funds other than the net profits of a co-operative society shall be paid by way of bonus or dividend or otherwise distributed among its members :
Provided that a member may be paid remuneration on such scale as may be prescribed for any service rendered by him to the co-operative society as Secretary or as Clerk.
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