Co-operative Rehabilitation Fund: mandatory annual contributions by profitable multi-state co-operative societies to support revival and development. A Co-operative Rehabilitation, Reconstruction and Development Fund is established to revive sick multi-state co-operative societies and for development; profitable multi-state co-operative societies must credit the Fund annually by a prescribed ceiling or a proportion of net profits, whichever is less. The Central Government will constitute a Committee to administer the Fund, keep separate accounts in consultation with the Comptroller and Auditor-General, and expend the Fund for its objects.
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Provisions expressly mentioned in the judgment/order text.
Co-operative Rehabilitation Fund: mandatory annual contributions by profitable multi-state co-operative societies to support revival and development.
A Co-operative Rehabilitation, Reconstruction and Development Fund is established to revive sick multi-state co-operative societies and for development; profitable multi-state co-operative societies must credit the Fund annually by a prescribed ceiling or a proportion of net profits, whichever is less. The Central Government will constitute a Committee to administer the Fund, keep separate accounts in consultation with the Comptroller and Auditor-General, and expend the Fund for its objects.
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