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Payment of Education Fund without holding General Body

Office of The
Registrar Cooperative Societies (Delhi Admn.)
Court's Building, Parliament Street,
New Delhi - 110 001 

No.F-47(4) 84/Coop. 399 Dated:11.4.1985

Directive

Sub- Directive under rule 77 Payment Coop. Education Fund.

Whereas it has been observed that a number of Cooperative Societies Federations Urban Banks do not pay the Cooperative Education Fund as pre­scribed under Rule 80 of the Delhi Cooperative Societies Rules 1973 (as amended upto date) immediately after completion of the Audit for a particular year, on account of the reason that the Annual General Body Meeting of the Society has not been held as prescribed under Rule 51 of the said Rules. And whereas the payment of the Education Fund is a statutory payment to be made by every Cooperative institution out of its net profits every year, under provisions of Section 48 of the Delhi Cooperative Societies Act, 1972 read with Rule 
80 of the said Rules.

Now, therefore, in order to stream line the payment of the Cooperative Education Fund by every Cooperative Society/Federation/Urban Bank, I, SANAT KAUL, Registrar Cooperative Societies Delhi, exercising the powers vested in me under Rule 77 of the said Rules do hereby direct all the Cooperative Societies/ Federations and Urban Banks to make the payment of the Cooperative Education Fund as prescribed under Rule 80 by way of Cash/ Crossed Cheque/Bank Draft in favour of the “COOPERATIVE EDUCATION FUND” in the office of the undersigned immediately after completion of the Audit which may subsequently be informed in the Annual General Body Meeting of each Society/Federation Urban Bank.

Sd/­-
(Sanat Kaul)
Registrar
Cooperative Societies, Delhi Admn.
Delhi

 

Last Updated Date :- 21-06-2018

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