State Act
67
Section 67. Restrictions on dividend.
The Maharashtra Co-operative Societies Act, 1960
Act no. XXIV of 19611961In forceMaharashtra (State Act)
1[67. Restrictions on dividend.— No society shall pay dividend to its members at a rate exceeding 2[15 per cent. except with the prior sanction of the Registrar :]] 3[Provided that, the primary agricultural credit co-operative society shall pay dividend to its members as per the guidelines issued by the Registrar, in accordance with criteria specified by the National Bank.]