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of <h1>Profit Distribution Rules for Co-operative Societies: Section 33 Explained with Reserve Fund and Government Order Requirements</h1> Section 33 of the Co-operative Societies Act, 1912, prohibits the distribution of a registered society's funds as bonuses, dividends, or otherwise among its members. However, after allocating at least one-fourth of the net profits to a reserve fund, the remaining profits and any past profits available for distribution may be shared among members according to the society's rules or by-laws. In societies with unlimited liability, profit distribution requires a general or special order from the State Government.
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