Mandatory contribution to co-operative education fund required annually for training and education via designated agencies. The amendment mandates that co-operative societies credit annually one per cent of net profit to a co-operative education fund maintained by the Central Government; the fund is to be administered as prescribed and its proceeds used for co-operative education and training through the National Co operative Union of India and other agencies as determined by the Central Government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mandatory contribution to co-operative education fund required annually for training and education via designated agencies.
The amendment mandates that co-operative societies credit annually one per cent of net profit to a co-operative education fund maintained by the Central Government; the fund is to be administered as prescribed and its proceeds used for co-operative education and training through the National Co operative Union of India and other agencies as determined by the Central Government.
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