Equitable disposal of surplus

The trading surplus earned by a co-operative society is utilize for several purpose. A fixed rate of dividend not exceeding 10 per cent can be paid on the capital. One fourth of the profits is to transferred to general reserves as per the law. A portion of the surplus, not exceeding 10 per cent, may be utilize for the general welfare of the locality in which the society is functioning. The rest of the profits may be distributed among members in the from of bonus. Bonus is given on an agreed basis but not on the basis of the capital contributed by members. The bonus may be paid to the member in promotion to the purchases made by the member in the case of a consumers co-operative store, or in proportion to the goods delivered for sale to the society in the case of a producers' co-operative.

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