Committed for Timely Service!

Tuesday 11 October 2022

Section 67 of MCS ACT 1960 : Restrictions on dividend

67.Restrictions on dividend

No society shall pay dividend to its members at a rate exceeding per cent. except with the prior sanction of the Registrar :

Provided that, the primary agricultural credit co-operative society shall pay dividend to its members as per the guidelines issued by the Registrar, in accordance with criteria specified by the National Bank.]