Any registered society may, with the sanction of the Registrar, after one-fourth of the net profits in any year has been carried to a reserve fund, contribute an amount not exceeding ten per cent. of the remaining net profits to any charitable purpose, as defined in section 2 of the Charitable Endowments Act, 1890 (1 of 1890).
Co Operative Societies Act 1912
Section 31 of Cooperative Societies Act - Restrictions on other transactions with non-members
Section 32 of Cooperative Societies Act - Investment of funds
Section 33 of Cooperative Societies Act - Funds not to be divided by way of profit
Section 34 of Cooperative Societies Act - Contribution to charitable purpose
Section 35 of Cooperative Societies Act - Inquiry by Registrar
Section 36 of Cooperative Societies Act - Inspection of books of indebted society
Section 37 of Cooperative Societies Act - Costs of inquiry
Section 38 of Cooperative Societies Act - Recovery of costs
Section 39 of Cooperative Societies Act - Dissolution
Section 40 of Cooperative Societies Act- Cancellation of registration of society