Section 33. DISTRIBUTION OF NET PROFIT

33.1 25 shall be carried to the Reserve Fund. 33.2 1 contribution towards the Cooperative Education and Training Fund as required under the Cooperative Societies Act. 33.2 (A) 3 shall be carried to the State Cooperative Renewal Fund and 2 to the Cooperative revitalization Fund. 33.3 An amount not exceeding 10 per annum shall be distributed as divident on the paid up share capital, the Balance amount of the net profit after above mentioned statutory deductions shall be taken to General Fund and/or will be distributed as Bonus to member Unions in proportion to their business thought the Federation and/or as decided by the General Meeting as per provisions of Act & Rules, with the approval of the Registrar. 33.4 At the time of distribution of net profit an amount not exceeding 2 per annum shall be carried out in the Bad Debts Reserve Fund to meet out the provisions made in respect of bad debts in the books of accounts.