Clause 72

The remainder of the surplus resulting from the operations of the society during the preceding financial year after contributions made to the reserve fund and to the Central Co-operative Fund in accordance with sections 70 and 71 respectively may be divided among the members by way of dividend or patronage refund or by way of honoraria to officers of the society, or allocated to any other funds constituted by the society to such extent and under such conditions as may be prescribed under this Act or in the by-laws.

No society shall pay a dividend on paid-up share capital or subscription capital exceeding a maximum rate to be determined by the Minister from time to time in the Rules.

A society may apply an amount not exceeding ten per cent of the annual net surplus for a charitable purpose.