Question

According to Indian Co-operative Societies Act, $1912$, may distribute maximum up to ______ of its surplus as dividend to its members.

• A. $100$ per cent
• B. $90$ per cent
• C. $50$ per cent
• D. $25$ per cent

Answer 1

The correct option is B $90$ per cent

According to Indian Cooperative Societies Act, 1912, the cooperative society can distribute maximum up to 90 percent of its overall surplus to its members in the form of dividend.