https://www.taxtmi.com/acts?id=7980 Prohibition on division of a registered society's funds among members by way of bonus, dividend or otherwise. Payments to members from remaining current or past distributable profits are permitted only after a prescribed portion of net profits has been carried to a reserve fund and then subject to the society's rules or by laws; societies with unlimited liability require the State Government's general or special order before any such distribution. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7980 Prohibition on division of a registered society's funds among members by way of bonus, dividend or otherwise. Payments to members from remaining current or past distributable profits are permitted only after a prescribed portion of net profits has been carried to a reserve fund and then subject to the society's rules or by laws; societies with unlimited liability require the State Government's general or special order before any such distribution. Act-Rules Trust and Society Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7980