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of <h1>Multi-State Co-op Societies: Funds (excluding net profits) can't be distributed as bonuses/dividends. Refer to society bye-laws.</h1> Funds of a multi-State co-operative society, excluding net profits, cannot be distributed among members as bonuses or dividends. Net profits are determined by deducting various expenses, including interest on overdue amounts, establishment charges, loan interest, audit fees, operational expenses, taxes, and provisions for funds such as development and bad debt funds, from the gross profit. Interest accrued in previous years but recovered in the current year may be added to net profits. For societies without share capital, any income surplus over expenditure is not considered net profits and must be managed according to the society's bye-laws.
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