Management of a Multi State Cooperative Society: -.

No part of the funds, multi state cooperative society other than net profits of a multi state cooperative society shall be divided by method of reward or dividend or otherwise dispersed amongst its members. In case of multi state cooperative societies which do not have share capital, the surplus of income over expense will not be treated as net earnings and such surplus should be dealt with in accordance with the bye-laws. A multi state cooperative society shall, out of its net revenues in any year move an amount not less than twenty-five percent to the reserve fund, credit one percent to cooperative education fund preserved by the National Co-operative Union of India Limited, New Delhi or transfer an amount not less than ten percent to a reserve fund for conference unpredicted losses. multi state cooperative society act

The documents submitted along with change proposition are bank statement, audited account providing net earnings and turnover. The ministry needs justification and correct reasons why a society proposal ought to be changed.