https://www.taxtmi.com/acts?id=32719 Assets of a multi state cooperative society are to be applied in ranked pro rata order for liabilities: first, pro rata payment of outside liabilities; second, pro rata repayment of members' loans and deposits; third, pro rata refund of share capital; and finally, pro rata payment of dividend on shares for the liquidation period at a capped rate. en-us Fri, 16 Nov 2018 10:30:43 +0530 Fri, 16 Nov 2018 10:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32719 Assets of a multi state cooperative society are to be applied in ranked pro rata order for liabilities: first, pro rata payment of outside liabilities; second, pro rata repayment of members' loans and deposits; third, pro rata refund of share capital; and finally, pro rata payment of dividend on shares for the liquidation period at a capped rate. Act-Rules Trust and Society Fri, 16 Nov 2018 10:30:43 +0530 https://www.taxtmi.com/acts?id=32719